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Cobalt Advises European Energy on Wind and Solar Farms Projects in Lithuania

Cobalt Advises European Energy on Wind and Solar Farms Projects in Lithuania

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Cobalt has advised Danish renewable energy producer European Energy on its acquisition and development of wind and solar farms in Lithuania.

According to Cobalt, “European Energy will install wind farms with a total electricity generation capacity of 49.5 megawatts in the Dejunai village, Anyksciai district,” with the park planned to begin commercial operations in the first quarter of 2022 and generate approximately 150 gigawatt hours of electricity annually. Cobalt also reported that European Energy plans to invest EUR 1.5 billion in wind and solar power farms in Lithuania by 2024.

Cobalt’s team consisted of Partner Paulius Markovas, Associate Partner Vydmantas Grigoravicius, Senior Associate Julija Aleska, and Associate Ignas Jurkynas.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.