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.