Linklaters and Cobalt have advised Mirova on its investment in the Estonia-based Baltic Storage Platform energy storage project, a joint venture between Corsica Sole and Evecon established in 2023.
According to the law firms, Mirova’s investment, channeled through its dedicated Mirova Energy Transition 5 fund, will help facilitate the Baltic Storage Platform’s planned rollout of two large capacity storage parks in Estonia with a total capacity of 200 megawatts and a total production capacity of 400 megawatt-hours, which are planned to be built by 2025. "These storage plants will help the Estonian and Baltic electricity grid in disconnecting from the Russian grid and synchronizing it with the European grid," Cobalt reported.
Mirova, an affiliate of Natixis Investment Managers, is a French asset manager.
Corsica Sole is an independent producer of solar energy and an energy storage company.
Evecon is a developer of renewable energy in the Baltics.
The Linklaters team included Warsaw-based Partner Patryk Figiel and Counsel Christopher Quinn.
The Cobalt team included Partners Martin Simovart and Aivar Taro, Managing Associate Jesse Kivisaari, and Senior Associates Getter Villmann-Nogene, Siim Vahtrus, Sandra Sillaots, and Helen Sool.