Ellex Raidla advised Enefit Green on the acquisition of solar parks in Poland

Enefit Green, a fully owned subsidiary of Eesti Energia, signs share purchase agreement to acquire to acquire 20 solar park projects in Poland from GEO Group’s subsidiaries.
 
The total capacity of the solar power plants to be acquired is 19,15 MW. Enefit Green's investment amounts to 17,3 million euros.
 
The acquisition is part of Eesti Energia’s strategy to increase the renewable energy production portfolio in the Baltic Sea region.
 
Enefit Green is a renewable energy company owned by Eesti Energia, which produces electricity and heat from wind, water, sun, biomass, biogas and mixed municipal waste in Estonia, Latvia, Lithuania and now also in Poland.
 
The transaction was advised by Ellex Raidla’s Partner Martin Käerdi.