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Walless and Cobalt Advise on Ignitis Renewables' Wind Farm Acquisition from E Energija

Walless and Cobalt Advise on Ignitis Renewables' Wind Farm Acquisition from E Energija

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Walless has advised Ignitis Renewables on the acquisition agreement for a wind farm in Kelme, Lithuania, with developer E Energija. Cobalt advised E Energija.

According to Walless, the "expected investment in this wind farm project, including acquisition and construction costs, is estimated at approximately EUR 550 million. This significant investment highlights Ignitis Renewables’, which belongs to Ignitis Group, commitment to sustainable energy growth."

"We started the project of the wind park in Kelme more than five years ago and we are proud that one of the largest wind power projects currently being built in Lithuania will make a significant contribution to Lithuania's quest for energy independence," E Energija Group Head Gediminas Uloza commented.

According to Walless, "Ignitis Renewables, a leading green energy company, has taken a significant step in expanding its wind farm projects in Lithuania and increasing its green generation capacity. This aligns perfectly with Lithuania’s goal of achieving energy independence and sourcing 100% of its electricity from renewable sources."

The Walless team included Partners Povilas Zukauskas and Vaidotas Puklevicius, Associate Partners Sarunas Basijokas and Vygintas Kuprys, Senior Associates Simona Miliauskaite-Gintute and Tomas Paulauskas, and Associates Ieva Pikaite, Monika Bucinskaite, and Indre Jocyte.

The Cobalt team included Partner Elijus Burgis and Senior Associate Julija Aleska.