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  1. Market Data
February 9, 2022

Mazeikiai Wind Farm-UAB, Lithuania

By Carmen

Mazeikiai Wind Farm-UAB is a 63MW onshore wind power project. It is planned in Telsiai, Lithuania. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2022.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 63 63 Permitting Telsiai, Lithuania VVP Investment

Description

The project is being developed and currently owned by VVP Investment. The company has a stake of 100%.

The project cost is expected to be around $126.971m.

The Mazeikiai Wind Farm-UAB (Mazeikiai Wind Farm-UAB-I), will have 155m high towers.

The Mazeikiai Wind Farm-UAB (Mazeikiai Wind Farm-UAB-II), will have 145m high towers.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2022.

Contractors Involved

Nordex is expected to render EPC services for the wind power project.

Nordex will be the turbine supplier for the wind power project. The project consists of 14 units of N149/4.0-4.5 turbines, each with 4.5MW nameplate capacity.

Nordex is expected to perform operations and maintenance for the wind power project for a period of 15 years.

About VVP Investment

VVP Investment JSC is a developer of wind farm of 20 turbines with capacities of 60 mega-watts based in Lithuania.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

Related Companies

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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