European Energy, a Danish company that is planning to build wind power farms with a total capacity of around 500 megawatts (MW) in Lithuania, has founded three companies whose names show that it has chosen the districts of Raseiniai, Anyksciai and Rokiskis for its project.
Vėjo jėgainės
© Scanpix

Based on data from the Center of Registers, Rasveja, Anyksciu Vejas and Rokveja were established on November 15 with Knud Erik Andersen, a Danish co-founder of European Energy, as their CEO.

European Energy Lithuania, which is 100 percent owned by European Energy, is the sole shareholder of the new companies.

BNS has reported earlier that the Danish company has plans to build 500 MW wind power farms in Lithuania.

European Energy Lithuania would not comment on how much the company is planning to invest, but Aistis Radavicius, the head of the Lithuanian Wind Power Association, has said the investment cost is around 1 million euros per 1 MW of power. That would put the total cost of the Danish investment at some 500 million euros.

European Energy has developed over 1,000 MW of wind and solar power capacity in total. Currently, it is building farms in Denmark, Finland, Sweden, Germany, Italy, Brazil and Mexico.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Coming soon: Tesla supercharger in Kaunas

It seems that Tesla hopes more its cars in Lithuania.

Sources: Lithuania is offered EUR 97 mln to shift to climate-neutral economy

The European Commission offers to provide 97 million euros to Lithuania to help it transition toward...

Suspicions brought against Grigeo Klaipeda's three employees over pollution

Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...

Counting its chickens: twice as many foreign start-ups chose Lithuania last year

While competition between start-up ecosystems in Lithuania and other countries is growing rapidly,...

Scientists: circular economy is not only about recycling

Lithuania, like other small open economies in Eastern Europe, is often characterized by linear...