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We are advising Gasgrid Finland Oy and Elering AS on obtaining insurance compensation for the damaged Balticconnector gas pipeline. In October 2023, the Chinese vessel NewNew Polar Bear damaged the Balticconnector gas pipeline between Estonia and Finland. As a result, Finland’s gas connection with Europe was disrupted, causing approximately EUR 35 million in damage. We […]
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Who’s Who Legal: Energy 2024 includes our energy expert, counsel Andrius Šimkus, in its recently published list featuring market-leading lawyers and experts working in the field of energy across all major jurisdictions. Andrius Šimkus is listed as the go-to expert in both “Energy – Oil & Gas” and “Energy – Power/Electricity”, being the only expert […]
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What is a Guarantee of Origin? A Guarantee of Origin (GoO) for gas certifies that a portion of the energy has been sourced from renewable energy resources. According to Section 117.1, Subsection 1 of the Energy Law, GoOs serve this specific purpose. Section 117.3, Subsection 1 further specifies that the transmission system operator (TSO) issues […]
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We advised the Norwegian company Deep Wind Offshore on the purchases of the Saare 2.1 and Saare 2.2 offshore areas. As the sole participant in the auction, Deep Wind Offshore acquired the Saare 2.1 offshore area at the starting price of EUR 2.457 million, and Saare 2.2 also at the starting price of EUR 1 […]
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We advised the largest energy company in Estonia, state-owned Eesti Energia, on raising EUR 400 million by issuing green hybrid bonds. This is the first green hybrid bond issued in the Baltics to be offered internationally and listed on the London Stock Exchange. Enormous interest worldwide Investors oversubscribed the offer fourfold at more than 1.6 […]
