Enefit Green, the largest wind energy producer in the Baltics, has made a final investment decision to build a 43 megawatts (MW) Šilale II wind park in Lithuania which is expected to become operational by the beginning of 2023.
The investment decision will enable Enefit Green to erect 12 wind turbines with a nominal capacity of 3.6 MW. The Šilale II wind park construction will cost about 60 million euros and add each year to the current electricity production of about 160 gigawatt-hours, which is almost 14 per cent of the company’s current annual wind production.
“Our second wind park in Šilale region is significant because it will be created in cooperation with Eesti Energia’s business customers all over the Baltics,” commented Aavo Kärmas, Chairman of the Management Board of Enefit Green. “Businesses are increasingly looking to consume local renewable energy to reduce their environmental footprint. Enefit Green on the other hand has the willingness and ability to produce enough green electricity to meet their expectations. Such a partnership creates a driving force.”
The long-term power purchase agreement offered by Eesti Energia to its customers is a new and useful opportunity for companies to undergo the green transition. Customers can buy renewable energy and know exactly where the electricity they buy comes from. A three- to ten-year power purchase agreement offered by Eesti Energia allows the customer to fix the electricity price on favourable terms for the desired period.
“It is gratifying to see that companies are actively taking steps towards a cleaner future,” continued Mr Kärmas. “The quantities of renewable energy sold in advance support the faster implementation of Enefit Green’s development projects from Finland to Poland.”