European Energy has signed a long-term power purchase agreement (PPA) with Mars for the Skuodas wind farm project in Lithuania. The project will have an installed capacity of 161 MW and is expected to generate around 490 GWh annually. Commercial operations for the project are targeted by 2028. Additionally, the project will help offset roughly 120,000 tonnes of carbon emissions annually.
In April 2026, European Energy divested Jonava hybrid renewable project in Lithuania to Energix. The project has a planned capacity of about 470 MW, combining 140 MW of onshore wind, 330 MWp of solar PV, and 320 MWh of energy storage. The project is scheduled to begin construction soon and is expected to commence commercial operations by 2027.
In January 2026, European Energy A/S and Mitsui & Co., Ltd. arranged a green-financing bridge facility for their joint venture developing the Kassø solar park and e-methanol facility in Denmark. The facility has been secured from Nordea and SMBC, with partial risk coverage provided by EIFO. The bridge financing is intended to support near-term liquidity requirements while the project continues to progress towards securing long-term financing.
Nguồn: https://renewablewatch.in/2026/04/29/european-energy-signs-ppa-for-161-mw-wind-farm-in-lithuania/