Danish clean energy developer European Energy will use part of a €145 million loan package secured from two Swedish lenders to construct a battery energy storage system (BESS) at its Anykščiai solar park, in Lithuania. . The Danish company has previously stated its intent to invest €1. 6 billion ($1. 8 billion) into wind and solar generation in the Baltic state. The BESS facility is set to open in 2026. The green loan, provided by SEB Lithuania. . A €145 million loan from SEB Lithuania and Swedbank Lithuania is supporting European Energy's hybrid renewable projects meeting 4% of Lithuania's electricity demand. Link copied!Copy failed! The loan supports two 60 MW wind farms and a 78. 5 MW solar park in Telšiai and Anykščiai, respectively. . Copenhagen, Denmark, 3rd June, 2025 – European Energy has closed a EUR 145 million long-term loan agreement with SEB Lithuania and Swedbank Lithuania. The financing will support the continued operation of three renewable energy assets in Lithuania, as well as the development and construction of a. . Summary: Kaunas, Lithuania's second-largest city, is spearheading a groundbreaking energy storage initiative in 2024. This article explores the project's technical framework, its alignment with EU sustainability goals, and how it addresses regional energy challenges. Discover why this project could. . Lithuania's Ministries of Energy and Environment have approved an additional €37 million to expand capital expenditure support for energy storage projects. This funding supplements an existing €102 million fund managed by the Environmental Project Management Agency (EPMA) during its first call. .
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