Cobalt has advised Consolis Latvia on a partnership agreement with the Nordex Group.
Consolis is a supplier of precast concrete solutions.
Nordex is a wind turbine manufacturer.
According to Cobalt, "Consolis will make a significant investment in the modernization of its production plant at Rumbula and shall create 100 jobs. Nordex will provide tower molds valued at approximately EUR 1.5 million. The first project on which the parties will cooperate is the Laflora project developed by Latvenergo AS at a former peat mining site on Kaigu bog. It will consist of 16 towers with Nordex wind turbines and a total capacity of 108.8 megawatts."
In 2019, Cobalt advised on Consolis' acquisition of TMB Group's Latvian and Finnish operations (as reported by CEE Legal Matters on May 9, 2019). In 2018, Cobalt advised on Consolis Group's acquisition of TMB AS (as reported by CEE Legal Matters on October 30, 2018) and the TMB Group shareholders on the sale of the business to Consolis Group (as reported by CEE Legal Matters on August 14, 2018).
The Cobalt team included Managing Partner Dace Silava-Tomsone and Associate Katrina Annija Rocane.
