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TGS Baltic and Triniti Jurex Advise on Latvenergo Acquisition of Telsiai Project from Utilitas Wind

TGS Baltic and Triniti Jurex Advise on Latvenergo Acquisition of Telsiai Project from Utilitas Wind

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TGS Baltic has advised the Latvian state-owned electric utility company Latvenergo on its acquisition of the Telsiai project in Lithuania from Utilitas Wind. Triniti Jurex advised Utilitas Wind.

According to TGS Baltic, this will enable Latvenergo to "start wind power generation with a 124-megawatt capacity in the first quarter of 2026. Vestas will produce, deliver, and assemble the project’s 20 6.2-megawatt turbines. UAB Merko Statyba will construct the connection, access roads, cable networks, turbine foundations, and assembly area. Utilitas Wind will provide project management."

The TGS Baltic team included Partners Agnese Hartpenga, Dainius Stasiulis, and Dalia Tamasauskaite-Ziliene, Senior Associates Indre Mazeikaite, Indre Vickaite-Liatuke, Laurynas Kontenis, Lukas Vaisvila, Simas Paukstys, and Vytautas Bradauskas, Associates Deividas Joksas, Evelina Savickaite, and Justina Meilute, and Legal Assistants Meda Stankute, Neda Baublyte, Renaldas Paskevicius, and Viktorija Janciuraite.

The Triniti Jurex team included Partners Vytautas Kalmatavicius, Agne Varneliene, and Giedre Ciuladiene, and Senior Associates Violeta Kavaliauskaite-Khalil and Gytis Savickas.

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