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Sorainen Advises EBRD on Second Loan to Modus Group for Construction of Biogas Power Plants in Belarus

Sorainen Advises EBRD on Second Loan to Modus Group for Construction of Biogas Power Plants in Belarus

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Sorainen is advising the EBRD on Belarusian and Lithuanian aspects related to its loan of USD 11.3 million to the Modus Group for use in the construction of two biogas power plants with total installed capacity of 3MW in Belarus.

The Modus Group is an international group of companies currently operating in Lithuania, Latvia, Estonia, Spain, Poland, Ukraine, and Belarus in the fields of renewable energy, automobiles, and real estate.

In 2018 Sorainen advised the EBRD in connection with its first loan to the Modus Group as reported by CEE Legal Matters on August 22, 2018, which the firm describes as "the first ever EBRD investment in the Belarusian renewable energy sector."

The cross-border Sorainen team includes Belarus Managing Partner Kiryl Apanasevich and Lithuanian Partner Augustas Klezys, Belarus-based Senior Associate Ann Laevskaya and Associate Artem Semchik, and Lithuania-based Associate Urte Armonaite.

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