Vireo Energy Invests in Renewable Energy in Belarus
OREANDA-NEWS. February 29, 2012. SORAINEN is assisting Vireo Energy (Sweden) on its energy projects in Belarus, involving construction of landfill gas installations at Belarusian landfills and green energy production, reported the press-centre of SORAINEN.
So far SORAINEN has advised the client on investment agreements with the Republic of Belarus for implementation of projects in the Vitebsk, Orsha and Polotsk regions and assisted with arranging the contractual framework of local operations as well as in regulatory matters and negotiating particular contracts.
Vireo Energy invests in renewable energy production, with a particular focus on bioenergy opportunities where it can convert "waste streams" such as landfill gas, municipal waste and organic industrial and agricultural residues into cost-effective heat and electricity. Vireo Energy is a part of the Kinnevik Group, a major Swedish investment company with a 75 year history of building successful new businesses.
Implementation of Belarusian projects will reduce emissions of carbon dioxide into the atmosphere as well as dependence on imported fuels and will increase regional and national self-sufficiency.
The client was assisted by a team of lawyers, led by partner Kiryl Apanasevich and senior associate Ann Laevskaya.
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