We advised NORD/LB on providing EUR 43 million in funding to European Energy. The funds will be used to support the construction of Anykščiai solar park, the largest solar park in the Baltics, with a capacity of 65 MW and over 140,000 solar panels across 120 hectares.
When fully operational, the park will produce 90,000 MWh annually, powering 24,000 European households.
“NORD/LB is pleased about our first joint transaction with our partner European Energy. It underlines our strong commitment to the green transition”, says Marco Wedemeier, Senior Director of structured finance energy at Nord/LB.
Our services and project team
We advised the client on all Lithuanian-law-governed legal matters related to due diligence and transaction financing. Our team consisted of partners Asta Augutytė-Rapkevičienė and Augustas Klezys, senior associate Vitalija Impolevičienė, associates Gabrielė Raižytė, Akvilė Jurkaitytė, Goda Jakubauskaitė, Dominykas Kulakas and Simonas Šlitas.