Clifford Chance Advises on €92 Million Financing for Wind Farm in Latvia

"Clifford Chance advised lenders, including the Nordic Investment Bank and the European Bank for Reconstruction and Development, on a €92 million project finance loan for the construction of a wind farm in Smiltene Municipality, Latvia. The wind farm, developed by SIA WPR2, will have a capacity of 112 MW, significantly increasing Latvia's onshore wind capacity. The project is backed by Taaleri Energia's SolarWind III Fund and Lords LB Asset Management."

**Law Firms Involved in the Transaction:** Clifford Chance acted as legal advisors to the lenders, which included the Nordic Investment Bank, the European Bank for Reconstruction and Development, and Luminor Bank AS. **Transaction Overview:** The transaction involved a project finance term loan and a letter of credit loan amounting to up to EUR 92 million, granted to Sabiedrība ar Ierobežotu Atbildību WPR2 (SIA WPR2) for the construction and operation of a wind farm located in Smiltene Municipality, Latvia. The Smiltene Wind Farm is set to have a capacity of 112 MW, which will nearly double Latvia’s installed onshore wind capacity. **Legal Team:** The Clifford Chance team advising on the English law aspects of the transaction was led by: - Mateusz Chruściak (Counsel) - Aleksandra Białyszewska (Senior Associate) The team also included: - Mateusz Chmura (Counsel) - Joanna Korycińska (Associate) - Maciej Kujawa (Associate) The transaction was supervised by Andrzej Stosio (Partner).

Clifford Chance Advises on €92 Million Financing for Wind Farm in Latvia

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