BaltCap completes acquisition of 70% share in Latvian 4 MW biomass-fired project
BaltCap has completed the purchase of a 70% stake in a Latvian biomass combined heat and power plant Energia Verde from Energoeco.
The facility is equipped with 18 MW HoSt Bio Energy Installations high-pressure water tube steam boiler and a 3.98 MW steam turbine. The plant produces electricity and provides heat to Riga district heating systems. It commenced operations on October 2017.
COBALT advised BaltCap Infrastructure Fund in the acquisition process.
Country updates
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October 15, 2018
BaltCap Infrastructure Fund announces acquisition of 70% stake in biomass-fired power plant in Latvia
BaltCap Infrastructure Fund (BInF) has announced that it has acquired 70% of shares in a biomass-fired combined heat and power plant located in the Riga region of Latvia, from Latvian company AS...
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September 13, 2018
Sweden's Eolus plans EUR-250m wind project in Latvia
Eolus Vind AB plans to build EUR 250 million 51-turbine wind farm project in Dobele and Tukums in western regions of Latvia. The project is supposed to be the largest wind farm in the Baltic country....
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July 30, 2018
Adven to acquire interest in SIA Cēsu Siltumtīkli, AS Valmieras Enerģija
Adven is expanding in Latvia, with the deal Adven will acquire SIA Cēsu Siltumtīkli as a whole, and 52% of AS Valmieras Enerģija, whilst 48% of the company remains in the ownership of the municipality...
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July 12, 2017
BaltCap launches first infra fund
BaltCap, the largest private equity investor in the Baltic region, has launched BaltCap Infrastructure Fund (BIF) with the planned size of €100 million (US$114 million).
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November 10, 2016
EIB considers investing in BaltCap Infrastructure Fund
The European Investment Bank (EIB) has announced it is considering to invest in BaltCap Infrastructure Fund.
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