Lithuanian company AEI Raises EUR 92 Million For Renewable Energy Investments

Apr 20, 2023 11:29 AM ET
  • AEI has actually already made investments in the development of solar energy plants in Poland and wind power projects in Lithuania.

EUR 92 million will certainly be invested in various other solar and also wind projects in Lithuania and Poland.

Lithuania based investment company Atsinaujinančios Energetikos Investicijos (AEI) has revealed that it has actually raised EUR 92 million in previous two years and also the investments will be made in the renewable energy industry.

AEI is handled by Lords LB Asset Management. The company has actually made investments in the development of solar power plants in Poland and also wind power projects in Lithuania.

"The remainder of the 92 million EUR will certainly be bought other solar and also wind projects in Lithuania as well as Poland," said Grėtė Bukauskaitė, supervisor of AEI.

"We developed JSC "Atsinaujinančios Energetikos Investicijos" (AEI) because we saw excellent possible in the renewable energy market, which has actually come to be even more appropriate recently. We offer financiers an attractive chance to participate in the environment-friendly energy shift," stated Bukauskaitė.

According to her, it's an exceptional opportunity for specific and institutional investors to get eye-catching returns from an actively establishing sector, as the area's need for renewable energy projects remains high.

"The worldwide electrical power usage as well as demand for renewable energy generation remain to expand. It's a long-term pattern that ensures a secure demand for clean energy projects. This particular is extremely vital, since the investment firm has a restricted maturity term and also the projects will certainly be divested at some time in the future as we close the investment firm", observed Bukauskaitė.

AEI lately partnered with Taaleri SolarWind II, a fund taken care of by Taaleri Energia, to get wind farms under development from the Danish renewable energy business European Energy.

To date, AEI handles 68.1 MW capacity solar power plants in Lithuania as well as Poland and also, with its partners, manages a 185.5 MW wind power plant portfolio in Lithuania.

The fund's manager says the investment company will certainly remain to proactively create and also buy solar as well as wind energy projects in the Baltic as well as Polish markets-- which is its focus area.

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