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

Gazprom discovers 2 new fields containing over 500 billion cu m of gas on Yamal shelf

21/05/2019 09:10:00

The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye fields.

<READ MORE

Vestas gets 249-MW turbine order for Texas project from EDF Renewables

21/05/2019 09:06:00

EDF Renewables has ordered more turbines from Vestas Wind Systems A/S for the 273-MW Las Majadas wind project in Texas, the supplier announced today.

READ MORE

Portugal books LNG cargo from Trinidad and Tobago

21/05/2019 09:04:00

REN-operated Sines LNG import terminal in Portugal is set to receive a cargo of liquefied natural gas from Trinidad & Tobago at the end of the week.

READ MORE