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Cobalt Advises Latvenergo on Acquisition of DSE Aizpute Solar

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Cobalt has advised Latvenergo on its acquisition of DSE Aizpute Solar from developer Danish Sun Energy ApS. Sorainen reportedly advised the sellers.

Latvenergo is a Latvian energy company.

According to Cobalt, "the transaction paves the way for the construction of a solar power plant with a total capacity of 265 megawatt-peak by the end of 2025. The total construction costs of the solar park are estimated at up to EUR 135 million. The solar park project involves the construction of a new substation, Cirava, which will connect to a 330-kilovolt high-voltage line of the Latvian national grid."

The Cobalt team included Partners Gatis Flinters, Dace Silava-Tomsone, and Sandija Novicka, Senior Associate Martins Tarlaps, and Associates Toms Dreika, Krista Helmute, and Vadims Zvicevics.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.