Cobalt has advised Danish renewable energy producer European Energy on its acquisition and development of wind and solar farms in Lithuania.
According to Cobalt, “European Energy will install wind farms with a total electricity generation capacity of 49.5 megawatts in the Dejunai village, Anyksciai district,” with the park planned to begin commercial operations in the first quarter of 2022 and generate approximately 150 gigawatt hours of electricity annually. Cobalt also reported that European Energy plans to invest EUR 1.5 billion in wind and solar power farms in Lithuania by 2024.
Cobalt’s team consisted of Partner Paulius Markovas, Associate Partner Vydmantas Grigoravicius, Senior Associate Julija Aleska, and Associate Ignas Jurkynas.
