Dentons and TGS Baltic have advised the European Investment Bank and Nordic Investment Bank on their EUR 64 million project financing for Ignitis Renewables to fund the Mazeikiai wind farm in Lithuania. Walless and Linklaters advised the Ignitis Group.
The 63-megawatt Mazeikiai wind farm has 14 wind turbines, with a production capacity of more than 200 gigawatt-hours a year, which is enough to power 90,000 homes. The wind farm commenced operations in August 2023 and will contribute to Lithuania’s green energy transition.
Ignitis Renewables is a Lithuania-headquartered international green energy company.
According to Dentons, each bank provided Ignitis with a 12-year loan of EUR 32 million, for a total of EUR 64 million, which will cover approximately 75% of the total investment in the project.
The Dentons team included Warsaw-based Partner Mark Segall, Counsel Pawel Dlugoborski, Senior Associate Lukasz Blaszczak, and Trainee Magdalena Luniak.
The Walless team included Partner Gediminas Reciunas, Associate Partner Enrika Tamasauskaite, and Junior Associate Gina Petkeviciute.
