European Energy completes its biggest sale to date

Only three years after the Danish developer entered the Lithuanian market, European Energy now closes a divestment of wind farms totaling 185.5MW. We're far from done in the Baltics, says CEO.

Photo: GE Renewable Energy / Zout Fotografie (Rein Rijke)

With a slight rephrasing of Julius Caesar's report to the Roman Senate after the Battle of Zela, after only three years of presence in the Lithuanian market, European Energy Chief Executive Knud Erik Andersen is able to say Veni, vidi, vendidi – or, I came, I saw, I sold, in plain English.

However, the sale that European Energy has just signed with an undisclosed asset manager is a little more than just plain. With 185.5MW spread out across three newly installed wind farms, Anykščiai, Jonava and Rokiškis, this deal marks the largest divestment ever carried out by the Danish renewable power developer.

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