Eesti Energia signed record green energy purchase agreement in Lithuania
Eesti Energia, the largest oil shale energy producing company in Estonia, has signed a record green energy purchase agreement with a windfarm in Lithuania.
Eesti Energia signed an agreement (PPA) with the Lithuanian wind energy company E energija, with which it will purchase all the green energy produced by the future wind farm within ten years. In the Baltic countries, this is the largest transaction of its type in history.
The new E energija Telšiai 68,9 MW wind farm, which will be launched in 2022, will produce 235 GWh of green electricity per year, which would cover the annual electricity consumption of nearly 80,000 households. This will be the largest wind park in Lithuania in terms of electricity output.
In addition to household customers, Eesti Energia will supply wind energy to business customers to create better opportunities for companies to make their operations more environmentally friendly.
Previously, such a long-term and large-scale green energy purchase agreement has never been concluded in the Baltics. Eesti Energia's willingness to buy the entire production of the wind farm within 10 years was the key factor in financing the park. The largest green energy purchase agreement in the Baltics was made possible thanks to good cooperation with E energija, SEB and GE.
Eesti Energia is the leading developer of renewable energy in the region through its subsidiary Enefit Green, but through cooperation and long-term power purchase agreements with other developers, according to Margus Vals, the member of the company's Management Board, it is possible to make an even greater contribution to Baltic countries in order to become the leading emissions reducer in Europe and at the same time, increase the region's energy independence.
"As an international energy company, our task in every home market is to strive for smarter customer solutions and cleaner energy production," Vals said. "We want to do this in many ways, which is why we contribute both as a developer of renewable energy and as a buyer of it, in order to offer our customers even more clean energy. We are constantly looking for new ways to grow our green energy portfolio."
The 68,9 MW wind farm to be built by E energija is located in the Tryškiai region of western Lithuania and will start operating in 2022. The energy purchase agreement is valid until 2032.
Eesti Energia has a long-term experience of operating in Lithuania. Energy sales have been provided there for more than 10 years, and the group's renewable energy company Enefit Green owns five wind farms there, and specifically, almost half of the company's annual wind electricity production is generated in Lithuania.
Eesti Energia's strategic goal is to offer an excellent customer experience with the help of digital solutions and to reach 1 million customers in the Baltic Sea region by 2024.
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Editor: Roberta Vaino