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Renewable energy

Greenberg Traurig Advises on EUR Multimillion Loan for 112 MW Wind Farm in Latvia

Strategic Insights

— 1 min read

Taaleri Energia and Lords LB Asset Management, two prominent renewable energy investors in the Baltic region, received financing for a 112 MW wind farm in Latvia. The EUR multimillion loan was granted by a consortium of three banks: Nordic Investment Bank, the European Bank for Reconstruction and Development, and Luminor Bank. The wind farm is expected to generate approximately 283 GWh (P90) annually, making it a significant contribution to Latvia's renewable energy sector. Greenberg Traurig, an international law firm, advised the joint venture on the financing.

Key Takeaways:

  • The EUR multimillion loan was granted by a consortium of three banks: Nordic Investment Bank (NIB), the European Bank for Reconstruction and Development (EBRD), and Luminor Bank.
  • The loan will be used to finance the construction and operation of a 112 MW wind farm in Latvia.
  • The wind farm is expected to generate approximately 283 GWh (P90) annually, making it a significant contribution to Latvia's renewable energy sector.
  • Taaleri Energia, a Finnish-based renewable energy fund manager, has one of the largest dedicated investment teams in Europe, investing in onshore wind, photovoltaic solar, and battery energy storage assets.
  • Lords LB Asset Management, a premier provider of investment management services, focuses on real estate, renewable energy projects, and private equity investment strategies, with assets under management standing at EUR 1.3 billion.

Statistics:

  • The 112 MW wind farm in Latvia is expected to generate approximately 283 GWh (P90) annually.
  • The EUR multimillion loan granted by the consortium of three banks will be used to finance the construction and operation of the wind farm.
  • Taaleri Energia has one of the largest dedicated investment teams in Europe, investing in onshore wind, photovoltaic solar, and battery energy storage assets.
  • Lords LB Asset Management has EUR 1.3 billion in assets under management, focusing on real estate, renewable energy projects, and private equity investment strategies.

Sources:

  • Greenberg Traurig LLP
  • Continental Europe Renewable Energy Market Outlook 2023
  • Nordic Investment Bank (NIB)
  • European Bank for Reconstruction and Development (EBRD)
  • Luminor Bank

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