Advised a creditor in the largest transaction in the Baltic renewable energy sector

Atsinaujinančios energetikos investicijos, an investment company managed by Lords LB Asset Management, together with a fund managed by Taaleri Energia in Finland, has acquired 186 megawatts (MW) of developed wind farms in Lithuania from the Danish company European Energy.

Ellex in Lithuania lawyers advised a creditor, the Danish fund AIP II Holding 4 K / S, in providing financing for wind farms.

This is the largest transaction in the Baltic renewable energy sector. The parks will produce about 560 GWh of electricity per year, enough to supply up to 270 000 households.

The first power plants will start operating this year, and the construction of all parks is planned to be completed by the end of 2022. The wind farms are planed in Anykščiai, Jonava and Rokiškis areas.

The project was implemented by senior associate Eglė Neverbickienė, associate Eglė Radvilaitė, partner Giedrius Stasevičius, junior associate Ainis Augustas Petrulis, as well as associate Ieva Krivickaitė, senior associate Edvinas Beikauskas and senior associate Gabrielė Vazniokaitė.

Linked Experts

Person Item Background
Ainis Augustas Petrulis
Ainis Augustas Petrulis
Associate / Lithuania
Person Item Background
Edvinas Beikauskas
Associate Partner / Lithuania
Person Item Background
Eglė Neverbickienė
Associate Partner / Lithuania
Person Item Background
Eglė Radvilaitė
Eglė Radvilaitė
Associate / Lithuania
Person Item Background
Gabrielė Vazniokaitė
Gabrielė Vazniokaitė
Senior Associate / Lithuania
Person Item Background
Giedrius Stasevičius
Giedrius Stasevičius
Partner / Lithuania
Person Item Background
Ieva Dosinaitė
Ieva Dosinaitė
Partner / Lithuania
Person Item Background
Ieva Krivickaitė
Ieva Krivickaitė
Senior Associate / Lithuania