Brief: Ignitis Group Announces Acquisition Of Hybrid Power Plant In Lithuania

Ignitis Grupe AB

12/03/2025 14:08

March 12 (Reuters) - Ignitis Grupe AB IGN1L.VL:

IGNITIS GROUP SIGNS AN AGREEMENT TO ACQUIRE A HYBRID POWER PLANT DEVELOPMENT PROJECT IN LITHUANIA

HYBRID POWER PLANT CONSISTS OF A 200 MW WIND FARM A 50 MW SOLAR FARM AND A 20 MW (80 MWH) BATTERY ENERGY STORAGE SYSTEM

IGNITISCLOSING OF THE AGREEMENT IS EXPECTED WITHIN 1 WEEK OF THIS ANNOUNCEMENT

PROJECT IS DUE TO SECURE CONNECTION CAPACITY TO THE GRID AND THE GROUP IS YET TO FINALIZE DUE DILIGENCE PROCEDURES

Source text: ID:nGNE9PyQTw

Further company coverage: IGN1L.VL

 (Gdansk Newsroom)

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