LONDON, UK: Ignitis Group through its subsidiary Ignitis Renewables signed an settlement to acquire 100% of shares of the corporate developing an onshore wind farm in Northwest of Lithuania, Plungė region.
The potential capability of acquired wind farm is as much as 218 MW.
The project is currently at early development stage with environmental impact evaluation procedures undergoing. The project’s estimated COD is anticipated round 2026-2030.
Total preliminary investments, together with the acquisition price and the development cost, quantity to round EUR 300 million. The accomplished wind farm will function under market conditions.
The closing of the transaction is anticipated to happen over the subsequent a number of days, no separate announcement will be made. The acquisition is a significant step ahead towards the Ignitis Group‘s goal to attain four GW of put in Green Generation capability by 2030 as set out within the technique (link). With this acquisition, total Ignitis Group’s portfolio of inexperienced generation projects in operations, construction and development quantities to round 4.8 GW.