GE Renewable Energy will supply 13 of its 5.3 MW Cypress wind turbines, its largest onshore wind turbine in the field, and provide a 25-year Full Services Agreement (FSA) to the E Energija Telšiai onshore wind farm in Lithuania. Located approximately 250km northwest of the capital Vilnius, the 68.9 MW onshore wind farm will generate enough renewable energy to power the equivalent of around 78,300 homes in Lithuania.
Co-sponsors GE Capital’s Energy Financial Services and E Energija recently reached financial close with SEB Bank, part of Skandinaviska Enskilda Banken AB, on a project financing package for the 68.9 MW wind farm, which is underpinned by a 10-year Power Purchase Agreement (PPA) with Eesti Energia AS, the Estonian state-owned utility company.
Initial civil and electrical work commenced in July 2020, and the first turbine delivery of GE’s Cypress platform is expected in April 2021. The project is expected to reach commercial operations by the end of 2021.
