www.bloomberg.com
13 Jun 2013
Nelja Energia AS, an Estonian renewable-energy developer, opened the biggest wind farm in Lithuania, which will generate enough power for 27,000 homes. The 57.4 million-€ ($76.5 million) Ciuteliai plant has 17 turbines with 39.1 MWs of capacity, according to a statement on Nelja Energia's website. The facility north of Silute is 19 km (11 miles) from the Baltic Sea coast.
Nelja Energia supplied equity and won a 41 million-€ loan from Skandinaviska Enskilda Banken AB (SEBA) and Pohjola Bank Plc (POH1S) to finance the plant, Tadas Navickas, managing director of 4energia UAB, the company's Lithuanian unit, said by e-mail.
Nelja Energia, based in the Estonian capital of Tallinn, is planning about 170 MWs of wind, mostly in Latvia and Lithuania, where installed capacity may double to 500 MWs by 2015, the Baltic nation's wind-energy association said in November. Wind-power expansion will help Lithuania curb its reliance on Russian electricity imports and counter a shortfall caused by closing nuclear capacity, according to the industry group.
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