European Energy Divests Jonava Renewable Project To Energix, Reinforcing Its Strategy Of Delivering Investment-Ready Clean Energy Assets

European Energy has completed the sale of its Jonava renewable energy project in Lithuania to Energix – Renewable Energies. The transaction underscores the company’s continued success in developing large, high-quality renewable energy assets across its global markets. The Jonava project is designed as a hybrid renewable energy development with a planned capacity of approximately 470 MW. It brings together around 140 MW of onshore wind power, 330 MWp of solar PV, and 320 MWh of energy storage. Construction is expected to begin in the near future, with the goal of reaching full commercial operation by 2027.

The project reflects European Energy’s integrated development model, in which the company guides projects from early-stage concept and permitting through technical design and preparation for construction. This approach ensures that assets are fully developed, investment-ready, and meet the regulatory and technical standards required by international buyers. By structuring Jonava as a hybrid project, European Energy has created a diversified asset that fits well with changing energy market needs. The combination of wind, solar, and storage technologies supports better grid stability and enables more efficient use of shared infrastructure. This integrated setup makes the project more resilient and attractive to long-term investors seeking stable renewable energy portfolios.

According to Jens-Peter Zink, Deputy CEO of European Energy, the company successfully navigated a complex development process to deliver a project that satisfies key technical, regulatory, and commercial requirements. He noted that European Energy’s ability to advance projects to a stage where major risks are addressed and long-term value is clearly defined allows the company to accelerate renewable energy deployment while reinvesting capital into new developments. The sale of the Jonava project demonstrates how European Energy structures its developments to support large-scale acquisitions by institutional and strategic investors.

The project’s advanced planning status, clear timeline for construction, and combination of complementary technologies helped create a solid and straightforward investment case. This transaction further strengthens European Energy’s track record of delivering well-prepared renewable energy projects across Europe, suitable for portfolio transactions and long-term investment strategies. The company continues to progress a broad pipeline of wind, solar, and hybrid developments across its core markets, focusing on creating assets that combine strong technical foundations, scalability, and readiness for future transactions.