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Sorainen assists the government in creating a “green corridor” to accelerate investments
The Ministry of Economic Affairs and Communications contracted us to analyse Estonia’s administrative procedures and make proposals to streamline the relevant processes. The analysis, titled “Streamlining Investment Procedures (for New Businesses and Establishments)”, examines the possibilities of creating a “green corridor” to encourage high value-added investment by cutting red tape and shortening the time required […]
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Energiasalv assessed the environmental sustainability of the project
We advised Energiasalv, the developer of Estonia’s first large-scale energy storage system, in relation to the framework for facilitating sustainable investment in the European Union (the so-called EU Taxonomy Regulation). An important part of the green revolution The 500MW hydro-accumulation pump (water storage) to be built in Paldiski is a solution that would allow Estonia […]
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Energiasalv secures EUR 11 million additional funding for zero terrain PHS project
We advised Energiasalv on acquiring EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the “Zero Terrain Paldiski” Pumped Hydro Energy Storage (PHS) plant in Estonia. Strengthening the financial position The funding includes strategic investments from Alexela, Sunly, Combiwood Grupp, Warmeston, and Kiikri Kodu. The financing aims to expedite […]
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An innovative project will contribute to the achievement of national climate policy objectives
We are advising the Geological Survey of Estonia (EGT) in relation to the geothermal energy deployment research project GEOENEST. Geothermal energy Geothermal energy is the solar energy stored in the ground and the energy stored deep inside the Earth’s crust. The aim of the project is to contribute to achieving of the goals of Estonian energy […]
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The City of Tallinn and Utilitas have agreed to enter into a joint venture
We are advising Tallinn City Government in concluding a cooperation agreement to create a joint venture in the field of district heating, AS Utilitas Tallinna Soojus, which will be 33.34% owned by the City of Tallinn and 66.66% by the private limited company Utilitas. The joint venture will be a holding company that manages investments […]