Ellex has advised Enefit Green on a partnership with Sumitomo Corporation to develop the Liivi Bay offshore wind farm in the Gulf of Riga.
According to Ellex, under the agreement, Enefit Green – the largest wind energy company in the Baltics – is selling a 50% stake in Liivi Offshore, the project company for the wind farm, to Sumitomo Corporation. The project is set to be the first offshore wind farm in the Gulf of Riga, with plans for up to 84 turbines generating a maximum total capacity of 1,000 megawatts and annual electricity production of up to 4 terawatt-hours. Construction is expected to be completed by 2032.
The Ellex team in Estonia included Partner Martin Kaerdi and Counsel Triin Frosch.
Ellex did not respond to our inquiry on the matter.
