Saturday, November 26 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Nov 21
Week of Nov 14
Week of Nov 07
Week of Oct 31
Week of Oct 24
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Lithuania's Ignitis Renewables buys wind, solar project developer in Latvia


    September 7, 2022 - LETA Latvian News Agency

     

      VILNIUS, Sept 6 (LETA--BNS) Ignitis Renewables, a subsidiary of Lithuania's state-controlled energy group Ignitis Grupe, has purchased 100 percent of shares in an unnamed Latvian company that is developing a 200-megawatt wind and solar project in the neighboring country.

      Ignitis Grupe said in a stock exchange release on Tuesday that the deal had been greenlighted by its management board.

      The project is at an early stage of development, with construction scheduled to start in "around 2025-2026" and commercial operations expected to begin in "around 2027-2028", the group said.

      The total investment in the project is estimated at up to 270 million euros, which includes the acquisition price and other investment costs.

      In August 2021, Ignitis Renewables signed conditional agreements to acquire shares in Latvian companies developing three wind farms.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.