Cobalt has advised Latvenergo on its acquisition of DSE Aizpute Solar from developer Danish Sun Energy ApS. Sorainen reportedly advised the sellers.
Latvenergo is a Latvian energy company.
According to Cobalt, "the transaction paves the way for the construction of a solar power plant with a total capacity of 265 megawatt-peak by the end of 2025. The total construction costs of the solar park are estimated at up to EUR 135 million. The solar park project involves the construction of a new substation, Cirava, which will connect to a 330-kilovolt high-voltage line of the Latvian national grid."
The Cobalt team included Partners Gatis Flinters, Dace Silava-Tomsone, and Sandija Novicka, Senior Associate Martins Tarlaps, and Associates Toms Dreika, Krista Helmute, and Vadims Zvicevics.
