Estonian energy group Utilitas acquires Grobina Wind Farm

PwC Latvia’s due diligence team advised Utilitas, an Estonian energy group, in the process of acquiring Grobina Wind Farm (Inpo 24 SIA). Our team carried out financial and tax due diligence reviews.

PwC Latvia team was represented by Gerds Ivuskans, Eliza Rusmane, Elvis Ancans from the financial stream and Agate Ziverte, Alise Dzintare from the tax stream.

A major wind farm in Latvia, Grobina Wind Farm consists of 33 Enercon wind turbines with a total power output of 19.8 MW. Utilitas expects to continue operating the wind turbines and use the farm as a platform for further development in the region.

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Raimonds Dauksts

Raimonds Dauksts

Director, Head of Advisory, PwC Latvia

Gerds Ivuskans

Gerds Ivuskans

Director, Head of Deals, PwC Latvia

Vita Vilka

Vita Vilka

Senior Manager in Deals, PwC Latvia

Eliza Rusmane

Eliza Rusmane

Manager in Deals, PwC Latvia

Arsenijs Dobrovolskis

Arsenijs Dobrovolskis

Manager in Deals, PwC Latvia