European Energy to add 500 MW of wind in Lithuania - report

Danish renewables developer European Energy A/S has plans to build 500 MW of wind parks in Lithuania, where it has already picked three sites for its ambitious project.

Local news agency The Baltic News Service (BNS) reports that the company has chosen the districts of Raseiniai, Anyksciai and Rokiskis, in the northwestern part of the country. It will implement the project through three newly-established firms called Rasveja, Anyksciu Vejas and Rokveja, wholly owned by European Energy Lithuania.

While it is not clear how much the Danish firm will spend on the project, Aistis Radavicius, the head of the Lithuanian Wind Power Association, told the news agency that the investment cost could amount to EUR 500 million (USD 550.9m) based on EUR 1 million per MW.

European Energy says on its website it has installed and invested in more than 1,200 MW of wind and solar parks globally.

(EUR 1.0 = USD 1.102)

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