Sorainen has acted as Belarusian and Lithuanian counsels for the EBRD on its USD 15 million loan to the Modus Group.
According to Sorainen, the loan aims to finance constructing, equipping, and putting into operation four biogas plants with total installed capacity of 4MW to be located in Brest and Grodno regions of Belarus. The loan is the first investment by EBRD in the Belarusian renewable energy sector.
The Modus Group is an international group of companies currently operating in Lithuania, Latvia, Estonia, Spain, Poland, and Belarus in the fields of renewable energy, mobility services, the auto business, and real estate.
Sorainen Belarusian and Lithuanian team was led by Partners Kiryl Apanasevich in Minsk and Augustas Klezys in Vilnius.
Sorainen informed CEE Legal Matters that it was not able to provide any information about counsel for the Modus Group.