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Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW

TAALERI PLC                       PRESS RELEASE         26 NOVEMBER 2021 AT 15:00 (EET)


Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW

The Taaleri SolarWind II fund has, together with an investment company, Atsinaujinančios Energetikos Investicijos, managed by Lords LB Asset Management, a leading investment management firm in the Baltics, acquired 100 percent ownership of the Anykščiai, Rokiškis, and Jonava wind farms from European Energy, a Danish renewable energy company. Lords LB is Taaleri Energia’s joint venture partner in the Baltics.

The Anykščiai and Rokiškis wind farms are located in the counties of Utena and Panevėžys, around 100 km and 150 km north of the city of Vilnius respectively. The Jonava wind farm is located in the county of Kaunas, approximately 100 km northeast of the city of Vilnius.

With a total of 34 General Electric 5.5 MW turbines, the wind farms will have a combined installed capacity of 186 MW and the combined annual production of electricity will be approximately 560 GWh. The wind farms will together produce enough electricity to supply around 270 000 households and will offset the equivalent of 170 000 tonnes of carbon dioxide during each year of operation.

Construction works on the Anykščiai, Jonava and Rokiškis wind farms commenced in January, March and July 2021 respectively. All three wind farms are expected to be fully operational in 2022 with the Anykščiai wind farm reaching its commercial operations date by the end of the first quarter, the Jonava wind farm by the end of the second quarter and the Rokiškis wind farm by the end of the fourth quarter.

The wind farms were developed by European Energy, who will also provide Construction Management services during the construction phase as well as Technical and Commercial Management services in the operational phase. General Electric will be responsible for maintaining the turbines under a 30-year contract.

The three wind farms have entered into long-term power purchase agreements for a substantial proportion of the electricity generated with Axpo Nordic, which is part of the Axpo Group, the largest energy company in Switzerland. Long-term project financing for these investments has been provided by the Danish investment manager AIP Management on behalf of its investors.

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26.11.2021, 14:00  |  101   |   |   

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Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW TAALERI PLC                       PRESS RELEASE         26 NOVEMBER 2021 AT 15:00 (EET) Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW The Taaleri SolarWind II fund has, together with an …

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