Ellex has advised Eesti Energia on its entrance into a memorandum of understanding with Orsted for the development of a large-scale offshore wind farm and the movement towards delivering the first offshore wind farm in the Gulf of Riga.
According to Ellex, "as part of the MoU, Eesti Energia and Orsted intend to establish a joint venture for the development of offshore wind opportunities in the Baltic countries, including the Liivi offshore wind project (in the range of 1000 to 2000 MW) in the Gulf of Riga. In September 2020, the Latvian and Estonian governments signed a Memorandum of Understanding for a joint offshore wind farm."
Ellex Raidla's team in Estonia consisted of Partner Martin Kaerdi and Counsel Triin Frosch and Ellex Klavins's team in Latvia consisted of Senior Partner Raimonds Slaidins and Senior Counsel Iveta Ceple.
The firm did not reply to our inquiry about the deal.