A unit of Latvian power supply company Latvenergo has signed an off-take deal to buy around 60 GWh of electricity per year from a wind farm in Lithuania.
Elektrum Lietuva said on Friday it will receive the entire output of the wind park under a three-year power purchase agreement (PPA) with the project company, which is in turn owned by Inter RAO Lietuva Group. Power deliveries will commence from the beginning of next year.
Financial details about the deal were not provided.
The Vydmantai wind farm, located in western Lithuania, has an annual output that is enough to supply around 30,000 homes per year.
Elektrum Lietuva will seek to enter similar deals for buying green electricity in the Lithuanian market, said Arturas Zatulin, head of business customers. He added that the company expects to supply the Lithuanian market with a total of over 1 TWh of electricity this year.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.