TGS Baltic has advised Nala Renewables on its acquisition of a 34-megawatt solar power plants portfolio in Lithuania from Green Genius.
Nala Renewables is a renewable energy investment and development company.
Green Genius is a renewable energy company.
According to TGS Baltic, "in addition to acquiring the initial 34 megawatts of power plant portfolio, Nala has signed an agreement with Green Genius, under which the international investor intends to acquire another 45-megawatt PV projects in the future. The total portfolio capacity in Lithuania is expected to reach 79 megawatts."
In 2023, TGS Baltic advised Green Genius on 100-megawatt PV project acquisition in Latvia (as reported by CEE Legal Matters on January 30, 2023) and, in 2022, the firm advised Green Genius on its acquisition of an 85-megawatt wind farm in Lithuania (as reported by CEE Legal Matters on February 23, 2022).
The TGS Baltic team included Partners Dalia Tamasauskiene-Ziliene, Dainius Stasiulis, and Zygimantas Stankevicius, Associate Partner Sebastian Okinczyc, Senior Associates Paulius Dabulskis and Simas Paukstys, Associate Evelina Savickaite, and Legal Assistant Meda Stankute.
TGS Baltic did not respond to our inquiry on the matter.
