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We advised entities of Ignitis Group on signing the project financing agreements and securing EUR 318 million in funding for the 314 MW Kelmė Wind Farm. This is the largest project of its kind in the Baltic States, controlled by Ignitis Renewables, a subsidiary of Ignitis Group. The loan agreements were concluded between Vėjas LT […]
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Sorainen advised Södra Skogsägarna ekonomisk förening, an association of Swedish forest owners, on the divestment of its forest holding companies in Latvia and Estonia – totalling approximately 153,000 hectares of land – to Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer), a transaction worth EUR 720 million. This transaction represents the […]
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Deals & Cases / Jorens Jaunozols, Lelde Laviņa, Natālija Grāvele, Renāte Purvinska, Dr Violeta Zeppa-Priedīte, Agita Sprūde, Inese Heinacka, Kristīne Erele, Vita Berlaua, Jūlija Triščuka, Jānis Dobelnieks, Kate Ezerkalne, Herta Cēsniece, Mariuss Raits Bergmanis
SEB Latvia officially has opened its central office in the Class A office complex Satekles Biznesa Centrs. About the project Satekles Biznesa Centrs is a modern and sustainable Class A office complex developed by Linstow Baltic as part of its strategic vision for the transformation of Riga Central Business District. The project aims to create […]
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Sorainen is advising SIA WPR2, a joint venture owned by funds managed by Taaleri Energia and Lords LB Asset Management, on the development of a major wind energy project in Smiltene, north-eastern Latvia. About the project The wind farm will feature 16 high-capacity wind turbines, each with a nominal capacity of 7 MW, resulting in […]
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We advised international renewable energy group Aura Power on sale of its majority stake in UAB Aura Power Dubhe (together with other minority shareholders’ stakes, comprising 100% ownership) to Finish energy group Olana Energy. The target is developing 70 MW / 140 MWh capacity late-stage battery energy storage system (BESS) project in Šalčininkai, Lithuania, which […]
