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Saturday, 20.04.2024, 16:58
Lithuanian Energy paid Gusiatinas 22 mln euros for his wind farms
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Lietuvos Energija acquired
100% shares of Vejo Vatas and Vejo Gusis and the shareholder’s claim
rights. The transaction was finalized on November 5, the company announced via
the Nasdaq Vilnius Stock Exchange.
Vejo Vatas operates
a wind farm of 14.9 MW and Vejo Gusis
operates two wind farms with the capacities of 10 MW and 9.1 MW.
"Such acquisitions correspond to the strategy of the company, expand
and diversify its activities, increase the group’s value, as well as dividends
paid to the State. Following this transaction, the company became the second
largest producer of wind energy in the Baltic States, occupying 9% of the total
market," Lietuvos Energija said.
The acquired winds farms will have an 86.9 euro MW feed-in tariff for
another four or five years. The group has an objective to have 400MW green
energy generation capacities in the Baltic states and Poland by 2020.
«The Baltic Course» Is Sold and Stays in Business!
