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Enefit OÜ invests approximately EUR 324 million in the development of Kelmė I and Kelmė II wind farms in Lithuania, adding 167 MW of renewable electricity capacity.
Amount Raised
€324 Million
Round Type
Venture
LithuaniaEnergyRenewable EnergyBiomass EnergyDescription
Enefit OÜ, a wholly owned subsidiary of Eesti Energia AS, opened two new wind farms in Lithuania. The investment of EUR 324 million will significantly enhance the renewable electricity generation capacity in the region. The wind farms are expected to produce around 530 GWh of electricity annually. Additionally, Enefit plans to invest more than EUR 30 million in battery energy storage systems across its Lithuanian portfolio.
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Enefit OÜ raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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