Renewable electricity generation: wind, solar and biomass

E energija group focuses on its mission to contribute significantly to the reduction of CO2 emissions in energy sector and mitigate climate change. Although initially strong in biomass solutions (total built capacity is over 100 MW), since 2012 the group has focused its further business development on new business opportunities in the development of wind and solar energy projects in Lithuania, Poland, and Ukraine.

Leadership in this sector is built using partnership opportunities: technological development, strategic and financial investments. E energija initiates and develops green-field renewable projects or assists early-stage developers with project financing, construction and asset management.

 

Wind

The first wind energy plant in Šilutė region was launched in 2012 with a total 21,5 capacity MW. in partnership with Enercon GmbH. It was sold to the investment fund Quaero European Infrastructure Fund owned by a Swiss investment fund manager Quaero Capital in 2019.

 

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 2020 E energija has teamed up with the global wind energy leader General Electric for developing a 68.9 MW subsidy-free wind park in Telšiai, Lithuania. General Electric Capital Holdings BV has acquired 20,13% of shares in a project and GE Wind GmbH will supply 13 of its most efficient and powerful Cypress GE 5.3-158 wind turbines with a 25-year full-service agreement. Telšiai wind park will be launched by the end of 2021.

 

Solar

In 2019, E energija in a partnership with Sun Investment Group and I+D Energias, 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.