Lietuvos Energija finalises acquisition of 34 MW wind portfolio in Lithuania
Lietuvos Energija has concluded two share sale-purchase agreements to acquire 100 percent of shareholding of Vėjo vatas and Vėjo gūsis companies from Stemma Group. Vėjo vatas operates one wind farm of 14.9 MW while Vėjo gūsis operates wind farms with the capacity of 10 MW and 9.1 MW.
After concluding the agreement, an appeal will be made to the Competition Council and the transaction will be finalised upon receipt of the approval thereof. The transaction has been approved by the Commission for the Protection of Objects of Importance to Ensuring National Security of the Republic of Lithuania which made a decision not to commence verification process of the transaction.
All wind farms acquired by Lietuvos Energija have fixed power purchase tariff of EUR 86.9/MWh (US$99.5/MWh) to be valid for another 4-5 years. In total, 18 Enercon wind turbines produce approximately 86.5 GWh of electricity per year.
Country updates
-
-
August 06, 2018
Eesti Energia AS has won clearance for the Nelja Energia acquisition
The transaction started in May 2018 where Eesti Energia AS expressed its interest to buy the Tallinn-based renewable energy producer Nelja Energia AS for EUR289 million (USD335 million) plus the assum...
Read more -
July 02, 2018
Eesti Energia has signed $350 million new debt, partly to fund its purchase of Baltic renewables developer Nelja Energia
-
June 01, 2018
Eesti Energia agrees to third largest acquisition in history of Estonia
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 pr...
Read more -
January 26, 2018
European Commission backs 88 MW CHP project in Vilnius
The European Commission's Cohesion Fund has granted funding for a combined heat and power (CHP) project in Vilnius, the capital of Lithuania, in the south-east of the country. The projec...
Read more -
December 12, 2017
Fortum and Lietuvos Energija have launched construction work of the project
