GE Renewable Energy and European Energy add substantial wind power to Lithuania

• GE Renewable Energy selected by European Energy to supply 22 Cypress onshore wind turbines units for three wind farms in Lithuania
• The 121 MW project strengthens GE Renewable Energy’s position in the country
• Deal includes a 25-year service contract

GE Renewable Energy announced that it has been selected by European Energy as the supplier for three windfarms in Lithuania, located about 80 kilometers North of the capital Vilnius. The 121 MW project, which will use 22 GE Cypress onshore wind turbine units, will add 23% of green power capacity to the country’s current wind power production. The deal also includes a 25-year full-service contract.

European Energy will operate the Cypress turbines at 5.5 MW, with a rotor diameter of 158m and blades provided by LM Wind Power, a GE Renewable Energy business. All turbines will be erected on a 151m tower. The installation of the wind turbines at the project site will take place in H2 2021.

Knud Erik Andersen, CEO of European Energy, said: “We are delighted to sign this important deal with GE Renewable Energy thereby ensuring 22 state-of-the-art Cypress turbines perfectly designed for our three Lithuanian projects. This deal will ensure 121 MW of green power capacity and be central to driving the green transition and support the local production of renewable energy in a country currently heavily dependent on the import of energy.”

Peter Wells, GE’s CEO of Onshore Wind in Europe, commented: “We’re delighted to partner with European Energy on this project, and we are thrilled they’ve selected our Cypress platform. European Energy is a fast-growing and innovative player in Europe with whom we have built a very strong relationship in multiple countries by now. Together we will bring additional clean, affordable, renewable energy to Lithuania.”

According to the Lithuanian wind power association, Lvea, Lithuania has set the goal to produce 100 percent of the country’s electricity from renewable sources by 2050. There are currently 23 wind parks operating in Lithuania with a combined capacity of 480 MW. Together with the individual wind turbines, there is a total of 534 MW of wind power installed today. GE Renewable Energy’s Cypress turbine enjoys a growing position in the country with two major orders booked this year, including today’s announcement.

The Cypress onshore wind platform enables significant Annual Energy Production (AEP) improvements, increased efficiency in service ability, improved logistics and siting potential, and ultimately more value for customers. The two-piece blade design enables blades to be manufactured at even longer lengths, improving logistics to drive costs down and offer more siting options in locations that were previously inaccessible.

About European Energy
European Energy constructs wind and solar farms as well as large scale green energy storage. Based in Copenhagen, Denmark, the company has a strong track record in the successful development, financing, construction and operation of wind and solar assets across its eleven countries of operation. Since the company’s inception in 2004, EE has delivered 1,153MW of Wind and 510 MW of Solar assets, totaling a cumulative investment of €2,290 million. EE’s current development pipeline totals 16GW across four phases – screening, development, ready-to-build and under construction – with 1GW in ready-to-build status and more than 300MW currently under construction. 5GW of the current pipeline consists of wind projects, 11GW is PV and 150MW is battery storage. EE’s building program for 2021 is 750MW, and the company’s ambition is to build another 1GW of projects in 2022.

About GE Renewable Energy
GE Renewable Energy is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.
Follow us at www.ge.com/renewableenergy, on www.twitter.com/GErenewables or on www.linkedin.com/company/gerenewableenergy.