European Energy has signed a long-term power purchase agreement with Mars for most of the output from the 158MW Skuodas wind project in Lithuania.
The company said the project is expected to generate around 490GWh annually and the agreement includes bundled guarantees of origin linked to the output.
It added the project is estimated to avoid approximately 120,000 tonnes of CO₂ equivalent per year and commercial operation is planned for 2028.
Skuodas has not yet reached financial close and the PPA is intended to support its commercial and financing structure.
“This agreement shows how companies like Mars are actively enabling new renewable generation,” said Jens-Peter Zink, deputy chief executive officer of European Energy.
“Through this collaboration, we are advancing the Skuodas wind farm and adding substantial new domestically produced capacity to Lithuania’s energy mix.”
“We’re proud to partner with European Energy to help bring the Skuodas wind project to life,” said Kevin Rabinovitch, global vice president sustainability at Mars.
“By working together on this long-term PPA, we’re not only securing renewable electricity for Mars operations and value chain in the region but also supporting new investment in Lithuania’s energy infrastructure.”