E energija group
Renewable energy projects
E energija initiates, develops, finances and builds green-field renewable energy projects in Lithuania, Poland, Ukraine. The group has built a successful track record of partnerships with leading international renewable energy companies. The group maintains strong relations with utilities and investment funds seeking for stable long-term yielding assets in renewables sector.
The first wind park in Šilutė, Lithuania was developed jointly with Enercon GmbH and started its operation in 2012. The wind park was based on Enercon E-82 turbines and had a total capacity of 21.5 MW. In 2019 the wind park was sold to the investment fund Quaero European Infrastructure Fund owned by Swiss investment fund manager Quaero Capital.
In 2018 E energija launched its first PPA backed subsidy-free wind park in Pagėgiai with the capacity of 4 MW which opened an era of subsidy-free renewable energy in the Baltics.
In 2018-2019, in a partnership with Sun Investment Group and I+D Energias, E energija built a total of 43 PV plants in Poland, with a total capacity of 42.4 MW. In 2020 a successfully commissioned project was sold to infrastructure fund managed by Aberdeen Standard Investments.
In 2020 E energija teamed up with the global wind energy leader General Electric for developing a 69 MW subsidy-free wind park in Telšiai, Lithuania. General Electric Capital Holdings BV acquired 20,13% of shares in a project and GE Renewable Energy installed 13 of its most efficient and powerful Cypress GE 5.3-158 wind turbines with a 30-year full-service agreement. 2022 the fully operating wind farm was sold to Encavis AG.
In 2023 E energija completed the construction of 9 MW merchant wind farm in Kelmė region, Lithuania, focused for commercial prosumers. After generation permit the park was handed over to the new owners - Equity United and PE Holding.
In 2023 Ignitis Group acquired the largest greenfield wind farm from E energija. The wind farm, which is already under construction in the Kelme district, will have a capacity of up to 300 megawatts (MW) and is scheduled to start generating electricity in 2025.
E energija group has a portfolio of over 1000 MW of wind, solar and hybrid projects under development.
For more than 20 years E energija has been pioneering in modernisation of heat generation and district heating networks.
Since 2008 The European Bank for Reconstruction and Development (EBRD) has been a strategic investor in E energija for transforming numerous municipal district heating systems in Lithuania, Poland and Ukraine, increasing the efficiency and change to biomass technologies in this sector and building independent biomass plants. The project was completed in 2020 and EBRD exited E energija group.
In 2023 E energija has completed its exit strategy from district heating business and sold its district heating companies and assets in Lithuania.
Currently E energija group operates district heating assets, generates and supplies heat from biomass for the cities in Lithuania and Ukraine and implements boiler house modernisation projects for district heating companies in Poland.
Industrial market & engineering
Industrial market & engineering
E energija has a firm presence in regional industrial market, where biomass is used for heat generation (including steam for industrial plants) and supply to the final customers. Group companies work closely with industrial companies using process steam & heat in the production process, e.g. paper, food processing, metalwork, alcohol and other industries.
Engineering branch of the group is the leader in implementation of turnkey projects: designing and building biomass boiler houses and CHP’s. Manufacturing unit, based in Lithuania, produces biomass boilers, flue gas cleaning equipment and other related boiler house equipment and stainless steel equipment to its local partners and exports its technology to its industrial customers in Poland, Norway, Sweden, Denmark, working in energy, marine, fishing, metallurgic and mining industries.