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European Energy and EIG Global Energy Partners (EIG) have closed a facility of € 130 million for green energy construction. The Portfolio Construction Facility will start financing wind projects in European Energy’s growing renewables business in Lithuania.
European Energy has started the construction of more than 300MW in Lithuania in 2021 and has a development pipeline exceeding 1GW in the country. The facility is multijurisdictional, meaning it may later be applied to finance projects in other countries and markets. EIG is an institutional investor to the global energy sector with $22.5 billion under management as of June 30, 2021. EIG specialises in private investments in energy and energy-related infrastructure.
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