Lietuvos Energija to build 94MW wind farm in Poland

WCN Editorial Team 29 May 2019 EUROPE ENERGY & UTILITIES

Lietuvos Energija Renewables, a subsidiary of Lithuania-based energy company Lietuvos Energija, has agreed to acquire a yet-to-be built 94MW wind farm in Poland.

The company plans to build the Pomerania wind farm in the country at a cost of €127m (£112m) and expects the wind farm to be online by 2021. The plant will be powered by 29 wind turbines.

Lietuvos Energija will acquire the wind farm from Spanish company IGE, owed by environmental impact fund SI Capital. Construction on the wind farm is expected to commence in the second quarter of 2019.

The company said that agreements with the main contractors and suppliers, required to begin the wind farm’s construction, are in place.

In November 2018, the wind farm was selected in Poland‘s auction for renewable energy projects organised by Polish Energy Regulatory Office and secured a 15-year guaranteed tariff of PLN214.98 (£44.1) per MWh.

Lietuvos Energija board member and infrastructure and development director Dominykas Tučkus said: “Building renewable energy capacity and competences is among the pillars of the strategy LE 2030 – we plan to expand our green generation capabilities in the Baltics and Poland up to 400 MW by 2020 and own as much as 3 GW by 2030 globally. Pomerania wind farm will make a strong move in Poland’s renewable energy market.

“Poland is among our key strategic markets – Lietuvos Energija has already established GetOn Energy Sp. z o. o., a wholesaler of energy products in Poland, and currently looks for growth opportunities that the synergy between energy production and trading activities may open up to us.”

In November, the company also agreed to acquire a yet-to-built 50MW wind farm from Wento in Poland. The wind farm will be powered by 19 turbines and construction is expected to begin in 2019, with operations scheduled to begin in 2021.

Similar to the Pomerania wind farm, the 50MW wind farm will also participate in the feed-in-tariff auction. The transaction is set to be completed in 2019, when all the preconditions are met. Securing the CfD tariff in the auction is one of the preconditions.

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Image: Lietuvos Energija plans to build 94MW wind farm in Poland. Photo: Courtesy of Lietuvos energija.

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