PwC advises Latvenergo AS during acquisition of wind, solar and hybrid power plants

To achieve green generation targets set as part of Latvenergo Group’s medium-term strategy, Latvenergo AS plans to acquire photovoltaic power stations, wind farms and hybrid parks for generating energy from renewable sources. To diversify its generation portfolio, meet EU-wide decarbonisation goals and deliver long-term shareholder value, Latvenergo AS has set ambitious targets for expanding its green generation capacity through an active M&A strategy, among other things.

PwC Deals in cooperation with PwC Legal has been engaged as an independent adviser during the acquisition to assess and select projects according to agreed conditions, while ensuring the protection of confidential information and process management.

For more information on the procedures and requirements for participation and project selection, please visit Latvenergo’s website or contact roberts.berzins@pwc.com. Projects can be registered for evaluation by 31 July 2023.

Latvenergo Group is a leading Baltic energy supplier involved in electricity and thermal energy generation and trade, natural gas trade, and electricity distribution services. Latvenergo AS has been recognised as the most valuable Latvian company several times. Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.