COBALT advises European Energy on the divestment of its wind farm portfolio – the largest ever in the company’s history

COBALT advises European Energy on the divestment of three wind farms in Lithuania with a total capacity of 185.5 MW. This makes it the largest divestment in the history of European Energy.

European Energy has signed an agreement for the sale of three wind farms in Lithuania with a total capacity of 185.5 MW to a Lithuanian buyer. The wind farms are in the municipalities of Anykščiai, Jonava, and Rokiškis. The wind farms are under construction and consist of a total of thirty-four GE 158-5.5 MW HH 151m turbines.

Closing of the transaction is expected to take place at the end of November 2021.

European Energy is a global renewable energy company with operations in 17 countries, including Denmark, Germany, Sweden, Finland, Italy, Brazil and Mexico.

European Energy has been operating in Lithuania since 2019 and is currently developing 26 wind and solar projects across eight European countries.

COBALT acts as a local legal advisor and advises the client on all matters related to the transaction. COBALT team consists of Partner Paulius Markovas and Senior Associate Julija Aleška.