European Energy Divests 470 MW Hybrid Project in Lithuania to Energix

European Energy has completed the divestment of the Jonava project in Lithuania to Energix – Renewable Energies. The hybrid project carries a planned capacity of approximately 470 MW, combining around 140 MW of onshore wind, 330 MWp of solar photovoltaics (PV) and 320 MWh of energy storage. In a European market gaining momentum — Germany has just launched a 2.5 GW onshore wind tender —, transactions involving large-scale ready-to-build hybrid assets are attracting growing investor interest. Construction is expected to commence shortly, with full commercial operation targeted for 2027.

An integrated development model

European Energy structured the Jonava project following its integrated development model, which advances assets from early-stage development through to ready-to-build status. The approach covers permitting, design and investment structuring phases. The combination of wind, solar and storage technologies is intended to enhance grid stability and optimise infrastructure utilisation, according to the company. This hybrid configuration addresses growing demand from long-term investors for diversified and resilient assets.

Jens-Peter Zink, Deputy CEO of European Energy, said the company managed a complex development process to deliver a project meeting the technical, regulatory and commercial requirements of international buyers. He added that this model enables rapid deployment of renewable energy while recycling capital into new projects. The Jonava divestment demonstrates, he said, European Energy's ability to clearly define asset value before bringing it to market.

Attractiveness for long-term investors

The Jonava transaction illustrates how European Energy structures its assets to meet the requirements of long-term investors and portfolio operators. The advanced development stage, integrated technology mix and defined construction timeline enabled a clear investment case. This dynamic mirrors what was observed with Doral Renewables' 430 MWac solar project in Texas, which similarly mobilised institutional capital on a ready-to-build asset.

European Energy maintains a pipeline of wind, solar and hybrid projects across its core markets, with a focus on technical robustness, scalability and transaction readiness. The Jonava divestment reinforces the company's track record in delivering large-scale renewable energy projects across Europe.