Sorainen Belarus, jointly with Sorainen Lithuania, acted as Belarusian and Lithuanian counsel for the European Bank for Reconstruction and Development (EBRD) in connection with a USD 15 million loan to Modus Group. The loan aims to finance constructing, equipping and putting into operation four biogas plants with total installed capacity of 4MW to be located in Brest and Grodno regions. The loan is the first investment by EBRD in the Belarusian renewable energy sector.
Modus Group is an international group of companies currently operating in Lithuania, Latvia, Estonia, Spain, Poland and Belarus in the fields of renewable energy, mobility services, the auto business and real estate.
Assistance by the Sorainen cross-border team, led by partners Kiryl Apanasevich in Belarus and Augustas Klezys in Lithuania, included regulatory and project structuring advice, legal due diligence of the financed operations of the group and transaction advice on Belarusian and Lithuanian law peculiarities.