BaltCap Infrastructure Fund has begun work on a 30 MW wind project in the town of Zvirgzdaiciai in Lithuania’s Sakiai district. The EUR42 million (US$45 million) wind project comprises six wind turbines with a 5.5 MW capacity for each turbine.
The project will be funded by a EUR15 million (US$16 million) investment from BaltCap and a EUR27 million (US$29 million) credit from Luminor bank.
The project is expected to begin operation in the second quarter of 2023.
Country updates
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January 17, 2022
Enefit closes EUR80mn funding for 138 MW wind projects in Lithuania and Estonia
Enefit Green AS has closed a EUR80 million (US$91 million) debt financing to support the construction of wind farm projects in Lithuania and Estonia. Nordic Investment Bank (NIB) has awarded th...
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October 13, 2021
Enefit Green closes final investment decision for 75 MW Akmene wind project
Enefit Green AS, a subsidiary of Eesti Energia, has made the final investment decision for the development of the 75 MW Akmene wind farm project in Lithuania. The developers have also s...
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July 28, 2021
INVL Asset Management launches INVL Renewable Energy Fund I (REFI)
INVL Asset Management, one of the leading asset management companies in Lithuania, has established INVL Renewable Energy Fund I (REFI), which will invest in renewable energy facilities in the European...
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July 13, 2021
Enefit Green to build 43 MW Silale II wind project
Eesti Energia Group has given consent to the final investment decision for the construction and commissioning of the 43 MW Silale II wind park in Lithuania developed by Enefit Green AS, 100% subsidiar...
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June 14, 2021
European Energy starts construction of 49.5 MW Anyksciai wind project in Utena
European Energy has started the construction of the 49.5 MW Anyksciai wind project at Anykščiai district municipality, Utena County, Lithuania. The 49.5 MW Anyksciai wind project will be conne...
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