Lextal has advised the unidentified owners of Raunistal on the sale of 100% of their shares to Estonian state owned renewable energy company Enefit Green.
Financial details of the transaction were not disclosed.
Raunistal is the developer of the Purtse wind park in Ida-Virumaa, Estonia. Enefit Green will continue developing the wind park, which is expected to start producing electricity in 2023. The total capacity of the turbines will be nearly 20 megawatts, and the wind park is expected to generate approximately 40 gigawatt-hours of electricity each year.
Lextal's team included Attorneys-at-law Olavi-Juri Luik and Ants Karu.