Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTEnefit Green takes FID on 43-MW wind project in Lithuania
Wind turbines. Image by: Greta Energy Inc (www.gretaenergy.com).
June 30 (Renewables Now) - Enefit Green, the renewables arm of Estonian state-owned energy company Eesti Energia AS, has taken a final investment decision (FID) on a 43-MW wind project in Lithuania.
Dubbed Silale II, the wind park will be the company’s second one in Western Lithuania’s Silale region, Enefit Green said on Wednesday. The project will require an investment of about EUR 60 million (USD 71.3m).
The wind farm will be equipped with 12 turbines of 3.6 MW each and supplied by GE Renewable Energy. It is scheduled to go online by the start of 2023 and generate roughly 160 GWh of electricity per year, which equals around 14% of Enefit Green’s current annual wind power output.
A three- to ten-year power purchase agreement (PPA) has been offered by Eesti Energia.
Construction works on the project are “about to start,” Enefit Green said. Currently, the company owns 398 MW of wind turbine capacity in Estonia and Lithuania.
(EUR 1.0 = USD 1.189)
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