Energy

Industries Energy

TGS Baltic “is particularly sought after for its expertise in energy, infrastructure, and transportation projects.” 

Energy is a strategic sector for the Baltic countries, which historically have been energy dependent on their Eastern neighbors. The Baltic states are all looking for ways to integrate their energy networks with the European networks, create alternative energy supplies, and increase focus on renewables. We are proud to have taken part in most of the strategic energy projects in the region.

Our Baltic energy team offers full legal support in corporate, finance, litigation, real estate and regulatory matters. With our extensive understanding of the market and internationally recognizes expertise, we advise investors, governments, regulators, and a diverse mix of market players.

Major Deals

  • 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.

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  • 05.01.2023

    TGS Baltic assisted the shareholders of a Latvian solar energy project development company in selling 100% of its shares to the Lithuanian company UAB Ignitis renewables.

    On 29 December 2022, the shareholders of a Latvian solar energy project development company signed an agreement on sale of 100% shares of its company to the Lithuanian state-owned company UAB Ignitis renewables.

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  • 30.11.2022

    TGS Baltic advised Litgrid, the Lithuanian electricity transmission operator, on the acquisition of shares in Norwegian company TSO Holding

    Our experts Aurimas Pauliukevičius and Indrė Vickaitė-Liatukė have advised Lithuanian electricity transmission operator LITGRID AB (“LITGRID”) on the acquisition of two 18.8% stakes of shares in Norwegian company TSO Holding AS (“TSO Holding”) (in total 37.6%) from Danish and Finnish energy transmission system operators, Energinet and Fingrid, respectively, and the subsequent sale of stake of LITGRID in TSO Holding to its parent company UAB EPSO-G (“EPSO-G”). The value of these transactions is approximately EUR 13 million.

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  • 07.09.2022

    TGS Baltic assisted the shareholders of a Latvian wind and solar energy project development company in the sale of 100% of its shares to the Lithuanian company UAB Ignitis renewables.

    On 6 September 2022, the shareholders of a Latvian wind and solar energy project development company signed an agreement on the sale of 100% shares of a Latvian company that is developing a wind and energy project in Latvia to the Lithuanian company UAB Ignitis renewables.

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  • 10.08.2022

    TGS Baltic has won a case in Stockholm arbitration: we represented the Vilnius CHP in a dispute with a biomass unit contractor

    TGS Baltic has successfully defended interests of its client Vilnius CHP and has won in the arbitration case against Polish boiler maker Rafako – the contractor was admitted to be at fault for delay in the biomass unit construction.

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  • 08.08.2022

    TGS Baltic assisted AS Latvenergo in the establishment of the joint venture SIA Latvijas vēja parki along with AS Latvijas valsts meži

    TGS Baltic provided legal support to AS Latvenergo in the establishment of the joint venture SIA Latvijas vēja parki alongside AS Latvijas valsts meži. TGS Baltic drafted the shareholder’s agreement in this regard, as well as advised on matters related to competition law issues and management of state-owned commercial companies.

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Awards & Recognition

  • Chambers and Partners

    “This practice recently extended its core expertise in the electricity, nuclear and gas sectors to include renewable energy, capitalising on the significant growth in this area.”

    Chambers and Partners
  • Legal 500

    “TGS Baltic's real estate team has a strong energy focus and advises on territorial planning, investment projects, construction, and due diligence.”

    Legal 500
  • Chambers and Partners

    “Vilius Bernatonis specialises in the energy sector. Sources comment on his 'creative legal mind' and his in-depth knowledge. He regularly provides legal counsel to the Ministry of Energy.”

    Chambers and Partners

Team

Key Contacts