Nelja Opens Biggest Lithuania Wind Farm for 27,000 Homes

Nelja Energia AS, an Estonian renewable-energy developer, opened the biggest wind farm in Lithuania, which will generate enough power for 27,000 homes.

The 57.4 million-euro ($76.5 million) Ciuteliai plant has 17 turbines with 39.1 megawatts of capacity, according to a statement on Nelja Energia’s website. The facility north of Silute is 19 kilometers (11 miles) from the Baltic Sea coast.

Nelja Energia supplied equity and won a 41 million-euro loan from Skandinaviska Enskilda Banken AB (SEBA) and Pohjola Bank Plc (POH1S) to finance the plant, Tadas Navickas, managing director of 4energia UAB, the company’s Lithuanian unit, said by e-mail.

Nelja Energia, based in the Estonian capital of Tallinn, is planning about 170 megawatts of wind, mostly in Latvia and Lithuania, where installed capacity may double to 500 megawatts by 2015, the Baltic nation’s wind-energy association said in November. Wind-power expansion will help Lithuania curb its reliance on Russian electricity imports and counter a shortfall caused by closing nuclear capacity, according to the industry group.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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