Danish Sun Energy Sells Solar and BESS Project to Sunotec in Latvia
Deal News | Jul 10, 2025 | CEE Legal Matters
Danish Sun Energy, a prominent renewable energy developer with projects spanning across Denmark, Spain, and the Baltics, has sold a significant co-located solar and battery energy storage project in Latvia to Sunotec, a European renewable energy construction company. The transaction facilitated by Sorainen includes the full acquisition of SIA DSE Lazas Solar, which has development rights for a 400 MW-peak photovoltaic plant, along with an integrated 600 MWh battery storage system, all set to be developed near Padure, Latvia. The total estimated investment for the project is up to EUR 245 million, with commissioning expected by March 2027. The first phase reached ready-to-build status in June 2025, and construction is scheduled to commence in July 2025, including collaborative efforts with the Latvian TSO AS Augstsprieguma Tikls.
Sectors
- Renewable Energy
- Legal Advisory
Geography
- Latvia – The location where the solar and BESS project is to be developed by Sunotec.
- Denmark – Home country of Danish Sun Energy, the seller of the project.
Industry
- Renewable Energy – Involves the development and management of renewable energy sources such as solar power and battery energy storage systems, as seen in the transaction between Danish Sun Energy and Sunotec.
- Legal Advisory – Refers to the legal and consultancy services provided by Sorainen in facilitating the transaction.
Financials
- EUR 245 million – The total estimated investment for the solar and BESS project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Danish Sun Energy | Seller | Company | A greenfield renewable energy developer headquartered in Denmark. |
| Sunotec | Buyer | Company | A European renewable energy construction company acquiring the solar and BESS project. |
| SIA DSE Lazas Solar | Target Company | Company | Holds the development rights for the solar and BESS project near Padure, Latvia. |
| Sorainen | Legal Advisor | Company | Advised Danish Sun Energy on the sale to Sunotec. |
| AS Augstsprieguma Tikls | Partner | Company | Latvian TSO partnering in the project with a new substation construction. |