Mon, May
62 New Articles

Sorainen Advises Riigi Kinnisvara on Tender for Green Electricity

Sorainen Advises Riigi Kinnisvara on Tender for Green Electricity

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sorainen has advised Riigi Kinnisvara on a public procurement procedure for the purchase of electricity produced from renewable sources.

Riigi Kinnisvara is a real estate development and management company established for the management of real estate belonging to the Estonian state.

According to Sorainen, “as one of the largest electricity consumers in Estonia, RKAS is starting a phased transition of public sector institutions to renewable electricity by the decision of the Estonian government. The purpose of the procurement is to ensure the stability of energy costs of state institutions, as well as increase the share of renewable energy in consumption, establish new renewable electricity production units, and increase the country’s energy security. As a part of the procurement, the bidders are required to develop and construct new renewable electricity generating installations that are capable of generating up to 100 gigawatt-hours of green electricity each year and supply this electricity to RKAS under a long-term power purchase agreement.”

Sorainen’s team included Partner Kaupo Lepasepp, Counsels Kaspar Endrikson and Kadri Harginen, and Senior Associate Mario Sorm.

Sorainen did not respond to our inquiry on the matter.

Our Latest Issue