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NORD/LB finances one of the largest wind farm project in the Baltics
We advised NORD/LB, KfW IPEX Bank and Nordic Investment Bank on providing long-term financing totaling around EUR 326 million to LT Energija to construct the new Pagėgiai wind farm. The plans will make it one of the largest wind farms in the Baltic States. The wind farm, located on around 1,000 hectares, will have an […]
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European Legal update 19.12. – 08.01.
Assistant lawyer Nikola Cīparsone compiled the material. Data protection Regulation (EU) 2023/2854 of the European Parliament and of the Council of 13 December 2023 on harmonised rules on fair access to and use of data and amending Regulation (EU) 2017/2394 and Directive (EU) 2020/1828 (Data Act) Adopted: 13 December 2023 The Act addresses the transformative impact of data-driven […]
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Changes for the introduction of electricity generation equipment or for increasing the capacity of existing equipment in Latvia
On 19 December 2023, at a meeting of the Cabinet of Ministers, new regulations entitled “Regulations on Permits for the Introduction of New Electricity Production Equipment or the Increase of Electricity Production Capacity” (the Regulations) were adopted, which were issued on the basis of the second part of Article 22 of the Law on the […]
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Solar’s transaction moves towards a sustainable future
Sorainen Latvia assisted Solar, a leading European sourcing and services company with a focus on climate and energy solutions, in the acquisition of a Latvian company which is the owner of 677 hectares of forest and agricultural land. About the transaction The project is part of Solar’s commitment to sustainability, with the aim to become […]
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Wind Energy Academy webinar #1: An Introduction to Wind Farm Development in Latvia
Latvia’s wind energy potential is significant, both for onshore and offshore, but the country is lagging behind its neighbors and others. Only 137.4 MW of capacity have been installed, with wind farm projects taking too long to build. The webinar series “Wind Energy Academy: Latvia” organised by the Latvian Wind Energy Association and law firm Sorainen aims to explain and clarify […]