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Ellex Advises NORD/LB on Construction Bridge Financing for PV Project in Latvia

Ellex Advises NORD/LB on Construction Bridge Financing for PV Project in Latvia

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Ellex, working with DLA Piper, has advised NORD/LB on the construction bridge financing for a Baltic Biorefinery Group-developed PV project in Latvia with Green Genius as the sponsor. TGS Baltic advised Green Genius and Baltic Biorefinery.

NORD/LB is one of the largest commercial banks in Germany.

According to Ellex, "The 121-megawatt project is being developed by SIA Baltic Biorefinery Group, with Green Genius serving as the sponsor, EPC contractor, and long-term operator. The project is expected to reach operations in 2025."

The Ellex team included Associate Partner Marta Cera, Senior Associate Anna Misneva, and Associates Gabriela Fomina and Ineta Kanepe.