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

  • 23.09.2024

    TGS Baltic provides legal assistance in the acquisition of a 108.8 MW wind power plant

    AS Latvenergo has acquired shares in SIA Laflora Energy to build a wind power plant with a total capacity of 108.8 MW in the former peat extraction area of Kaigu Bog in Līvbērze County and to start electricity production in 2026.  

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  • 27.05.2024

    TGS Baltic advised Latvenergo to conclude the largest wind farm development deal in Lithuania

    The implementation of the project is an important step in strengthening the competitive position of Latvenergo in the Lithuanian market and a factor in lowering the electricity price for customers in the Baltic states. For Latvenergo, this transaction is a significant breakthrough in executing the Group strategy.

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  • 20.03.2024

    TGS Baltic assists AS Eco Baltia with its plan to acquire SIA Eko Osta, a company collecting and recycling hazardous waste

    TGS Baltic assists AS Eco Baltia, the largest environmental resource management and recycling company in the Baltics, with its plan to acquire SIA Eko Osta, Latvia's leading company in collection and recycling of environmentally harmful and hazardous waste, thereby expanding the company's activities and range of environmental services. AS Eco Baltia group and the shareholders of SIA Eko Osta concluded the purchase agreement concerning the acquisition of 100% of the shares in SIA Eko Osta, the closing of which required merger authorisation from the Latvian Competition Council.

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  • 21.01.2024

    TGS Baltic assisted Mitsubishi on acquiring 20% stake in European Energy

    The deal will inject around €700m into the Danish renewables group, and the investment will significantly boost the Danish renewables developer’s capital base and growth prospects.

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  • 03.01.2024

    TGS Baltic assisted Enefit Green AS with selling Brocēni pellet mill and cogeneration plant in Latvia to Warmeston OU, the leading Estonian wood pellet producer.

    Enefit Green AS has agreed to divest Brocēni pellet mill and biomass CHP plant to Warmeston OU by selling 100% shares of Enefit Green SIA (now Warmeston SIA) and SIA Technological Solutions. Brocēni business includes a pellet mill and a biomass cogeneration plant, both built in 2016.

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  • 21.12.2023

    TGS Baltic assisted Impact Ventures with its co-investment (alongside Kendris Capital) in the aggregate amount of EUR 1.2 million in SIA Naco Technologies.

    TGS Baltic assisted Impact Ventures I. Private Equity Fund with its co-investment in the aggregate amount of EUR 1.2 million in an innovator in nano-coatings for green hydrogen systems - SIA Naco Technologies.

    With this funding, SIA Naco Technologies plans to establish a presence in strategic markets to foster global partnerships and client relationships, particularly with electrolyser and fuel cell manufacturers, further innovation in nano-coatings to improve green hydrogen production and consumption and invest in talent and infrastructure to support the growing demand for green hydrogen technologies.

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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