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Ellex, Clifford Chance, and Dentons Advise on Enefit Green Acquisition of Solar Parks in Poland

Ellex, Clifford Chance, and Dentons Advise on Enefit Green Acquisition of Solar Parks in Poland

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Ellex Raidla and Clifford Chance have advised Enefit Green, a fully owned subsidiary of Eesti Energia, on its acquisition of 20 solar park projects in Poland from GEO Group’s subsidiaries. Dentons' Warsaw Office advised GEO Group on the deal.

The total capacity of the acquired solar power plants is 19.15 megawatts. Enefit Green's investment amounts to EUR 17.3 million.

Enefit Green is a renewable energy company owned by Eesti Energia which produces electricity and heat from wind, water, sun, biomass, biogas, and mixed municipal waste in Estonia, Latvia, Lithuania, and now also in Poland.

The Ellex Raidla team was led by Partner Martin Kaerdi.

Clifford Chance's Warsaw-based team was led by Counsel Pawel Puacz, supported by Senior Associate Jaroslaw Gajda, Associates Weronika Miszewska, Zuzanna Potoczna, Adrian Krol, Katarzyna Kuchta, and Arkadiusz Walkowicz, and Legal Intern Dominika Pietkun.

Dentons's Warsaw-based team consisted of Partner Arkadiusz Krasnodebski, Managing Counsel Agnieszka Kulinska, and Associate Filip Rucinski.

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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