Nala Renewables (Nala), a global energy and renewable energy investment platform and independent power producer, has secured €25 million loan from Luminor following its acquisition of six solar power plants in Lithuania.
The acquired plants are operational, have a total capacity of 45 MW, and generate more than 55,000 MWh of green energy annually. Located in the northern, southern, eastern, and western parts of Lithuania, these plants supply energy to almost 60 local companies under long-term power purchase agreements.
This marks the first joint project between Nala and Luminor in the Baltic States.
According to Will Herlinger, Head of Investments at Nala: “The Baltic States are our core market, and we look forward to continuing our cooperation with Luminor, realizing the potential of the region, and expanding Nala’s portfolio of projects.”
Luminor is the leading independent bank in the Baltic States and the third-largest financial services provider in the region.
Nala Renewables is a global energy and renewable energy platform and independent power producer, focused on solar, wind, and battery projects across Europe, Latin America, and the US.
Nala Renewables was advised on all legal matters by TGS Baltic lawyers: Žygimantas Stankevičius, Sebastian Okinczyc, Evelina Savickaitė and Samanta Sluoksnaitytė. TGS Baltic M&A team – Dalia Tamašauskaitė-Žilienė, Simas Paukštys, Deividas Jokšas, and Meda Stankutė – supported Nala Renewables in the acquisition of the power plants.
