News listings

energy-pedia alternative energy

Lithuania flagLithuania

Europe / Caspian / CIS >>> Lithuania

European Energy opens first battery storage project in the Baltics


06 Oct 2026

Photo - see caption

European Energy has opened a 25 MW / 65 MWh battery storage system alongside its 78.5 MW solar park in Anykšciai, Lithuania.

  • The 25 MW / 65 MWh battery energy storage system is European Energy’s first in the Baltics.
  • The battery is located alongside European Energy’s 78.5 MW solar park in Anykšciai.
  • European Energy sees growing investment and transaction opportunities in battery storage and hybrid renewable energy projects.

European Energy has officially opened its first battery energy storage system (BESS) in the Baltics at its renewable energy park in Anykšciai, Lithuania. The 25 MW / 65 MWh battery sits alongside a 78.5 MW solar park, creating a hybrid facility combining renewable generation and storage.

'With the opening of our first battery project in the Baltics, we are adding flexibility to our activities in Lithuania and demonstrating how solar generation and battery storage can work together,' said Tadeušas Konkovskis, Vice President and Head of the Baltic Region at European Energy.

The Anykšciai battery was connected to Lithuania’s electricity transmission grid in spring 2026. It is the second project in Lithuania connected to the transmission grid to combine a large-scale solar power plant and battery energy storage at a single site.

The project covers approximately 120 hectares and is expected to generate around 80,000 MWh of renewable electricity annually, equivalent to the annual electricity consumption of approximately 34,000 households.

The battery adds flexibility by storing and supplying electricity according to the needs of the electricity system. As the share of solar and wind power increases, storage can help balance generation fluctuations and support the integration of additional renewable energy capacity.

European Energy has expanded its battery storage activities across several markets in recent years. The company sees storage as complementary to its solar and wind portfolio and as an increasingly relevant part of the renewable energy investment market, with opportunities to develop and operate projects and bring in long-term investors at different stages of the project lifecycle.

'We see increasing investor interest in storage and hybrid renewable energy assets. This fits well with our business model, where we develop projects, bring them into operation and can introduce long-term owners at different stages of the project lifecycle. Lithuania and the wider Baltic region are markets where we see considerable potential,' said Thorvald Spanggaard, Executive Vice President and Head of Project Development at European Energy.

Lithuania’s Minister of Energy Lukas Savickas, Danish Ambassador to Lithuania Grete Sillasen, Litgrid CEO Andrius Šemeškevicius, Deputy Mayor of Anykšciai District Municipality Audrone Savickiene, representatives from European Energy, project partners and members of the Lithuanian energy sector attended the official opening.

European Energy entered the Lithuanian market in 2018 and currently operates more than 400 MW of renewable energy capacity in the country. Its portfolio of solar, wind and energy storage projects under development in Lithuania amounts to approximately 800 MW.

European Energy has invested approximately EUR 480 million in renewable energy projects in Lithuania and plans to continue expanding its battery storage activities in the country. A further battery project with approximately 12 MW of power and 50 MWh of energy capacity is under construction in Telšiai.

In the Skuodas district, European Energy is also developing the Skuodas Renew project, planned to combine onshore wind, solar power and battery storage at a single site.

Original announcement link

Source: European Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 195

Completed Deals

Completed Upstream Deals: 6640

Company Profiles

Current Company Profiles: 2933

Corporate Activity

Current Corporate Activity articles: 4197

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1674

Geostudies

Current Geostudies articles: 1003

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Merlin
OPC
Telos NRG
Bayphase
Borchwix
Rose & Assocs
Syntillica
energy365
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com