European Energy has entered into a long-term power purchase agreement (PPA) with Mars for most of the project’s annual generation. The project is expected to generate around 490 GWh per year, and the agreement includes bundled guarantees of origin.
Based on this expected annual generation, the project is estimated to avoid approximately 120,000 tonnes of CO₂ equivalent per year. The PPA provides long-term revenue security for the project and gives Mars Guarantees of Origin for new-build power capacity for its consumption in the region.
Skuodas Wind Farm will have an installed capacity of 161 MW. The project has not yet reached financial close, and the PPA is intended to support its commercial and financing structure. Commercial operation is planned for 2028.
The project will also support the Mars pet food manufacturing facility in Lithuania, providing a secure, long-term source of renewable electricity while reinforcing the site’s role as a key contributor to the company’s export performance.
The European Investment Bank (EIB), Nordic Investment Bank (NIB) and UAB VVP Investment, part of Ignitis Group, have signed a financing agreement for the 63 MW Mažeikiai onshore wind farm in Lithuania.
Read moreEnersense International Plc has entered into an agreement with Fluence Energy GmbH for the maintenance of battery energy storage system (BESS) in Lithuania.
Read morePSE and Litgrid, the transmission system operators of Poland and Lithuania, have made final investment decisions regarding the implementation phase of the Harmony Link interconnector project - a submarine power line between Poland and Lithuania.
Read moreA study conducted by Marine Research Institute of Klaipeda University on behalf of the Ministry of Energy in Lithuania has identified up to 3.35 GW of offshore wind energy capacity that could be built in its waters. The work undertaken by the university will help the government to formulate an offshore wind development plan.
Read more
Eesti Energia AS has announced that its fully owned subsidiary Enefit Green AS has entered into a share purchase agreement regarding all the shares in Nelja Energia AS, a renewable energy producer and developer in the Baltic region of Europe.
Read more