European Energy divests 470 MW Lithuanian hybrid renewables project to Energix

European Energy has sold the Jonava hybrid renewable project in Lithuania to Energix, featuring 140 MW of wind, 330 MWp of solar, and 320 MWh of storage. The 470 MW development, scheduled for construction shortly with commercial operations targeted for 2027, demonstrates the company's project monetisation model.

European Energy has completed the divestment of the Jonava renewable energy project in Lithuania to Energix - Renewable Energies, according to an official announcement. The hybrid development combines approximately 140 MW of onshore wind, 330 MWp of solar PV, and 320 MWh of energy storage, with total planned capacity of approximately 470 MW.

Construction is expected to commence shortly, with full commercial operation targeted for 2027. European Energy is a Danish renewable energy developer with operations across Europe and the Americas. The Jonava project was advanced from early-stage development through permitting and design to a construction-ready asset.

The hybrid configuration combines wind, solar, and storage to enhance grid stability and enable more efficient infrastructure utilisation. This development matters for the European renewable energy market, where hybrid projects are increasingly attractive to long-term investors seeking diversified generation profiles and storage integration.

The transaction highlights developer monetisation strategies that recycle capital into new project pipelines while enabling institutional buyers to acquire de-risked assets. For the renewable energy industry, the divestment demonstrates how hybrid configurations can command interest from international buyers. Stakeholders including equipment suppliers, engineering contractors, and grid operators stand to benefit from project construction. The transaction also reinforces Lithuania's position as a growing market for utility-scale renewables in the Baltic region.