TGS Baltic has advised the shareholders of wind and solar energy project development company CVE on the sale of 100% of its shares to Ignitis Renewables. Sorainen advised Ignitis Renewables on the acquisition.
According to TGS Baltic, “the planned total capacity of the project to be developed is approximately 200 megawatts. The project is in the early stages of development. Construction of the project is expected to begin around 2025-2026, while the start of commercial operation of the project is planned for around 2027-2028. The total investment in the project amounts to EUR 270 million.”
TGS Baltic’s team was led by Attorney at Law Armands Masulis.
Sorainen's team included Counsel Viktorija Cherkas and Senior Associates Andris Vilisons and Natalija Gravele.