Nasdaq Welcomes Enervia to the First North Market

28.10.2025 RIG, TLN, VLN

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, October 27, 2025 – Nasdaq (NDAQ) announces that bonds issued by UAB Enervia, a company managed by the Dutch investment fund Nordic Investment Fund I, are now listed on the Nasdaq Vilnius First North market. The proceeds from this bond issue will be used to finance a hybrid wind and energy storage park in Latvia.

Through the bond offering, Enervia raised EUR 20 million. The bonds, with a nominal value of EUR 1,000, offer a fixed annual interest rate of 11%, paid semi-annually. The maturity of the issue is 2 years, with redemption scheduled for October 2027. The bonds are secured by a first-ranking pledge on 100% of the shares of UAB Enervia.

Legal advisor for the bond issuance was the law firm Ellex Valiunas.

“We are pleased to welcome Enervia to the Nasdaq First North market. This is not only a step for the company’s growth, but also an important contribution to the development of green energy in the region,” said Gediminas Varnas, President of Nasdaq Vilnius.

“This project is significant not only for our group, but also for the entire Latvian energy market. The modern wind park combined with a battery storage system will be the first of its kind in the country, ensuring reliable and flexible electricity supply and offering investors an attractive opportunity to participate in the green transformation,” said Justinas Klimašauskas, CEO of Enervia.

About Enervia

Enervia is a holding company owned by the Dutch investment fund Nordic Investment Fund I, established to finance the hybrid energy park being developed by its subsidiary Rapsoil, near Liepāja, Latvia. The project includes a 57.6 MW wind farm and a 60 MW / 120 MWh battery energy storage system. It is one of the first large-scale projects of its kind in Latvia, contributing to the country’s energy independence and green transition.

About Nasdaq

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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com