Ignitis Group’s Financing Round

Sorainen advised Ignitis Group on the deal.

Ignitis Group received a loan by Pomerania Wind Farm, a Polish company belonging to the group, of a loan from EIB.

The PLN 258 million (approx. $62.25 million) loan will be used for developing a 94 MW wind farm. The EIB loan will cover around 47% of project investment costs. The loan, which is supported by the European Fund for Strategic Investments, is scheduled to be repaid by 2035.

The Sorainen team consisted of Partner Tomas Kontautas (Picture) and Senior Associate Dalia Augaite.

Involved fees earner: Dalia Augaite – Sorainen; Tomas Kontautas – Sorainen;

Law Firms: Sorainen;

Clients: Ignitis Group;