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Cobalt Advises Baltcap Infrastructure Fund on Sale of Energia Verde to Gren

Cobalt Advises Baltcap Infrastructure Fund on Sale of Energia Verde to Gren

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Cobalt has advised the BaltCap Infrastructure Fund on the sale of its Energia Verde to Gren.

The transaction is contingent on customary closing conditions.

Energia Verde is a Latvian operator of biomass combined heat and power plant in the Riga region. According to Cobalt, “the woodchip-fired CHP plant is equipped with a 18 megawatt HoSt Bio-Energy Installations high-pressure water tube steam boiler and a 3.98 megawatt steam turbine.” In addition, according to Cobalt, the plant supplies Riga with electricity and heat. Gren is described by Cobalt as a “Northern European green energy company held by the Partners Group.”

In 2018, Cobalt advised BInF on its acquisition of 70% of the shares of Energia Verde from Energoeco (as reported by CEELM on October 31, 2018).

Cobalt’s team consisted of Partner Guntars Zīle and Senior Associate Martins Tarlaps.