TGS Baltic assisted renewable energy company Green Genius to acquire 100 MW solar PV project in Latvia

25.01.2023 TGS Baltic assisted renewable energy company Green Genius to acquire 100 MW solar PV project in Latvia

Renewable energy company Green Genius has acquired 100% shares in Latvian company having 100 MW solar PV project rights covering over 151 ha.

 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 €90 million. The project is expected to save 100 000 t of CO2 yearly and secure the renewable energy for about 41 000 households.

TGS Baltic’s assistance to Green Genius encompassed the performing of due diligence of the target company, including the PV solar project, as well as full necessary transactional support to Green Genius.

TGS Baltic assistance was headed by Agnese Hartpenga, partner and attorney at law at TGS Baltic, specialising in energy projects, and associate Elīna Lesničenoka, associate Evija Ābele and junior associate Anete Neretniece.

TGS Baltic is a top-tier full-service business law firm in Latvia, Estonia, and Lithuania, employing more than 150 lawyers across the Baltics http://tgsbaltic.com/

For more information, please refer also to:

https://greengenius.com/news/green-genius-is-to-build-a-100-mw-solar-pv-project-in-latvia/