TGS Baltic has advised Latvenergo on its acquisition of SIA Laflora Energy to build a wind power plant with a total capacity of 108.8 megawatts in the former peat extraction area of Kaigu Bog in Livberze County. Sole practitioner Janis Junkers advised the sellers.
The plant is expected to start electricity production in 2026.
Latvenergo Group is an energy service provider in the Baltic States engaged in the generation and sale of electricity and heat and the distribution of electricity.
According to TGS Baltic, "the expected construction cost of the wind farm is estimated at EUR 185 million. Once commissioned, the wind farm is expected to generate more than 350 gigawatt-hours of electricity annually, or about 5% of Latvia's total annual electricity consumption. The project will install sixteen wind turbines with a maximum height of 266.5 meters, with the turbine towers constructed using an innovative technology – a combination of reinforced concrete and metal."
The TGS Baltic team included Partner Agnese Hartpenga, Counsel Janis Bite, Associates Evija Abele, Elina Lesnicenoka, and Karina Narnicka-Cumakova, and Junior Associates Anete Eliza Neretniece and Samanta Koha.
