Lietuvos Energija finalises acquisition of 34-MW wind portfolio in Lithuania

08/11/2018 10:13 Wind

news

Lithuania’s state-owned Lietuvos Energija has completed the acquisition of a 34-MW wind portfolio in Lithuania from domestic wind farm operator Stemma Group.

 

The power distribution group announced today it has completed the two sale-purchase agreements to buy Stemma Group’s shareholding in UAB Vejo Vatas and UAB Vejo Gusis for the total sum of EUR 21.76 million (USD 25m). The goal of the transaction was to expand and diversify the company’s activities, Lietuvos Energija pointed out.


Vejo Vatas operates a wind farm with total capacity of 14.9 MW, while Vejo Gusis’ wind parks total 10 MW and 9.1 MW, respectively.


Lietuvos Energija noted that the Commission for the Protection of Objects of Importance to Ensuring National Security of the Republic of Lithuania has decided not to start assessing the transaction for compliance with the interests of national security.


Upon completion of the transaction, Lietuvos Energija estimates that it is now the second largest wind power producer in the Baltic States, accountable for 9% of the total market’s generation.

Source: renewablesnow.com

Turkey calls bids for 1 GW of onshore wind

09/11/2018 09:54:00

The Turkish Ministry of Energy and Natural Resources has issued a tender for 1 GW of onshore wind power capacity, with a bidding cap of USD 0.055 per kWh (EUR 0.048).

<READ MORE

Contracts signed for two more Tianwan units

09/11/2018 09:49:00

Contracts have been signed between China National Nuclear Corporation (CNNC) and Russia's state nuclear corporation Rosatom, including for the construction of units 7 and 8 at the Tianwan nuclear power plant in China's Jiangsu province.

READ MORE

Daily (08.11.18): Carbon prices surged by 6% around the 19-euro levels on Wednesday in a strong auction

08/11/2018 10:39:00

Record U.S. crude production and increased concerns of a global oversupply put pressure on oil prices on Wednesday. US sanctions against Iran failed to support the market, as waivers have been offered to 8 eight countries, including three of the world's major importers, allowing them to continue acquiring Iranian crude for six months.

READ MORE