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Swedbank Lithuania and Swedbank Latvia agreed to provide a joint loan of EUR 77.5 million to the international green energy company Ignitis Renewables to finance the development of solar farms in Latvia. About the case The financing will be used to complete the Stelpe and Vārme solar farms currently under development, whose total installed capacity […]
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We represented Eesti Energia, an international energy company headquartered in Estonia, during a dispute with Lelle 22 Holding over the terms of the public procurement procedure for leasing new headquarters for the Eesti Energia group. The estimated value of the contract was approximately EUR 24 million. Most of the disputed terms were deemed legal Lelle […]
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At the Baltic M&A and Private Equity Forum, industry leaders stressed the importance of adapting to market conditions, building strong investor relationships and embracing innovative business models. Key topics included the importance of governance, political risk insurance, and opportunities in defence technology. While the IPO market has stalled, a rise has been observed in secondary […]
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The Constitutional Court of the Republic of Latvia (the CC) has suspended proceedings in the so-called wind farm case and referred it to the Court of Justice of the European Union (the CJEU). The CC seeks clarification from the CJEU in a case brought by several wind farm developers, including Enefit Green SIA, challenging the […]
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We advised Edel Offshore Wind regarding opportunities to develop offshore wind farms in Estonia, including participating in the auctions for superficies licences in the Liivi 1 and Liivi 2 sea areas. These were Estonia’s first auctions to initiate superficies licence processes. This licence is required to place electricity production installations on the seabed and to […]
