TGS Baltic has advised Vilnius-headquartered renewable energy company Green Genius on its acquisition of a 100-megawatt solar PV project in Latvia.
According to TGS Baltic, “as announced by Green Genius, the power plant shall be fully authorized and ready for construction by June of this year. The total planned investment into this solar project will be around EUR 90 million. The project is expected to save 100,000 tons of carbon dioxide yearly and secure renewable energy for about 41,000 households.”
In 2022, TGS Baltic advised Green Genius on its acquisition of an 85-megawatt wind farm in Lithuania (as reported by CEE Legal Matters on February 23, 2022).
The TGS Baltic team included Partner Agnese Hartpenga, Associates Elina Lesnicenoka and Evija Abele, and Junior Associate Anete Neretniece.
TGS Baltic could not provide additional information on the deal.