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

  • 05.10.2023

    The European commission approves €193 million Lithuanian state aid scheme to support offshore wind farms to foster the transition to a net-zero economy

    TGS Baltic advised client on getting approval from The European Commission to support offshore wind farms to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan

  • 08.09.2023

    TGS Baltic assisted Clean Energy Infrastructure Fund, managed by Modus Asset Management UAB, in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.

    Clean Energy Investments UAB, a special purpose vehicle of a closed-end investment fund, Clean Energy Infrastructure Fund, managed by a Lithuanian renewable energy investment manager, Modus Asset Management, signed an agreement with one of the leading renewable energy developers in the Baltic States, SIA Evecon, to acquire 100% shares of three companies with a portfolio of 10 advanced technology solar park projects in Latvia.

  • 16.05.2023

    TGS Baltic advised AB Amber Grid in selling 66% stake in Get Baltic, UAB to European Energy Exchange (EEX)

    EEX is the world’s biggest gas spot exchange and the second largest in European gas futures trading. 

  • 02.05.2023

    TGS Baltic advised Ignitis Group on EUR 225 million multi-option facility agreement with MUFG Bank

    The energy company Ignitis Group concludes a financing agreement with the European division of the largest Japanese bank MUFG.

  • 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.

  • 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.


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


Key Contacts