WALLESS Advised EBRD on Investing in Lithuanian Green Bond to Accelerate Regional Renewables

WALLESS advised the European Bank for Reconstruction and Development (EBRD) on investing in EUR 25 million Green Bond issue by Lithuanian developer UAB Atsinaujinančios Energetikos Investicijos (AEI).

AEI is a Lithuanian fund and renewable energy developer managed by Lords LB Asset Management with an operating portfolio of 68.1MW of solar assets in Poland and Lithuania and a project pipeline nearly ten times that size for construction in 2022-2024.

WALLESS’s role was to support EBRD throughout the issue process and consult on all aspects related to investment into bonds issued by the Lithuanian regulated fund.

 This is the first issuance under a EUR 100 million AEI Green Bond Framework to be listed on the Nasdaq Vilnius Stock Exchange. The EBRD’s participation is 20 percent of this first issuance of EUR 25 million bonds. The proceeds will finance renewable projects in Poland and Lithuania.

The WALLESS team consisted of Partner Gediminas Rečiūnas, Associate Partner Laurynas Narvydas, and Senior Associate Enrika Tamašauskaitė.