Renewables
Energix acquires hybrid renewables project in Lithuania
Energix Renewable Energies has completed the acquisition of a ready-to-build hybrid wind, solar and storage project in Lithuania from Evecon.
Key points
- Energix bought the Marijampolė project for €25.4 million from Estonian developer Evecon.
- The site combines approximately 220 MW of wind, 60 MW of solar, and 286 MWh of storage.
- Commercial operations are expected to begin by the end of 2027 with construction costs estimated at €400 million.
What happened
Estonian clean energy developer Evecon finalized the sale of a large-scale hybrid renewable energy project in the Marijampolė region of Lithuania to Tel Aviv Stock Exchange-listed Energix Renewable Energies, according to Mercom India reporting. The transaction was structured through Evecon's Lithuanian subsidiary, UAB Evecon.
The purchase agreement was executed in August and the transaction officially closed in September after all conditions precedent were satisfied. The total purchase price is €25.4 million, with an initial payment of €7.7 million disbursed upon completion. The remaining €17.7 million will be settled incrementally as specific milestones concerning technical working designs are achieved.
The development encompasses approximately 220 MW of wind capacity, 60 MW of solar capacity, and a battery energy storage facility capable of holding around 286 MWh. All three components are co-located at the same site. Evecon is managing the ongoing technical design phase, utilizing equipment preferences specified by the investor.
What comes next
Construction of the facility is projected to require an investment of approximately €400 million. Energix has already secured the necessary wind turbines for the installation, with deliveries scheduled to commence in July 2027. Developers anticipate that the entire hybrid complex will achieve commercial operational status by the end of 2027.
Why it matters
According to World Bank figures, Lithuania recorded a renewable share of electricity output of 65.6 percent in 2021 and electricity use per person of 4,397.4 kWh in 2025. Transactions of this scale illustrate the growing capital intensity and strategic divestments within European renewable energy markets, where specialized developers realize value by transitioning assets to institutional operators. For energy investors and African policymakers, the integration of solar, wind, and storage into single co-located sites demonstrates advanced grid-management strategies aimed at mitigating intermittency. While sub-Saharan African power grids face distinct infrastructure challenges, the deployment of large-scale hybrid systems highlights how modern storage solutions can stabilize high-penetration renewable networks, offering a technical blueprint for emerging markets seeking to expand their clean energy portfolios sustainably.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Renewables are the fastest-growing part of the world’s energy system. The COP28 goal is to triple capacity by 2030, and solar mini-grids are the fastest route to power for millions of people without electricity.
65.6% of electricity in Lithuania was renewable in 2021Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
