GE Renewable Energy to deliver Cypress wind turbines for wind farm in Lithuania

• 4 years ago (2020-08-18)
• David Flin

Europe 1089 Wind 257

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GE Renewable Energy has announced it will supply 13 of its 5.3MW Cypress wind turbines and provide a 25-year Full Services Agreement (FSA) to the E enegija Telšiai onshore wind farm in Lithuania. The project is located approximately 250 km northwest of the capital Vilnius. The 68.9 MW project will play a significant role in supporting the country achieve its target of increasing the share of renewable energy sources to 45 per cent by 2030.

GE Capital’s Energy Financial Services and E energija reached financial close last week with SEB Bank , part of the Swedish financial group Skandinaviska Enskilda Banken on a project financing package for the wind farm, which is underpinned by a 10-year PPA with Eesti Energia , an Estonian state-owned utility company. This represents the largest bilateral PPA in the renewables sector in the region to date.

Initial civil and electrical work began in July 2020, and the first turbine delivery of GE’s Cypress platform is expected in April 2021. The project is scheduled to start commercial operation by the end of 2021.