Free Trial

Latvian Firm Eyes 124MW Lithuanian Wind Farm

POWER

Latvia state-owned firm Latvenergo has acquired a 100% stake in the 124MW Telsia wind farm in Lithuania, with the plant expected first to start delivering power in 1Q26, according to ReNews.biz.

  • The project will have 20 - 6.2MW Vestas turbines- and is expected to cost around €200mn to complete.
  • Latvenergo acquired the project from the firm Utilitas Wind.
  • In 2030, the consumption and export possibilities of the Lithuanian electricity market will allow the connection of at least 4.4GW of solar and 5GW of wind power generation capacity, according to Lithuanian TSO Litgrid.
90 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Latvia state-owned firm Latvenergo has acquired a 100% stake in the 124MW Telsia wind farm in Lithuania, with the plant expected first to start delivering power in 1Q26, according to ReNews.biz.

  • The project will have 20 - 6.2MW Vestas turbines- and is expected to cost around €200mn to complete.
  • Latvenergo acquired the project from the firm Utilitas Wind.
  • In 2030, the consumption and export possibilities of the Lithuanian electricity market will allow the connection of at least 4.4GW of solar and 5GW of wind power generation capacity, according to Lithuanian TSO Litgrid.