29.5 MW Wind Farm in the Akmene Region
Akmene Free Economic Zone (FEZ), Lithuania
The 29.5 MW Wind Farm in the Akmene Region is a strategically important renewable energy project designed to strengthen Lithuania's energy independence and support sustainable industrial development within the Akmene Free Economic Zone (FEZ).
The project required the integration of land use, territorial planning, environmental, energy infrastructure, financing, and regulatory requirements into a single legal and operational framework. Lex Consulta provided comprehensive legal support throughout the entire project lifecycle, from development and financing to implementation and regulatory compliance.
Project Value: approximately €65 million (excluding VAT).
Financing: €44.25 million financing provided by the national development bank ILTE, with the remaining investment contributed by project shareholders.
Infrastructure: development of wind energy generation facilities and integration into the Akmene FEZ energy infrastructure.
Timeline: project development, permitting, financing, and implementation carried out through multiple project phases.
Energy Infrastructure: strengthens the region's renewable energy capacity and supports Lithuania’s energy transition goals.
Industrial Development: provides sustainable energy solutions for businesses operating within the Akmene FEZ.
Environmental Value: increases the share of renewable energy and contributes to reducing carbon emissions.
Strategic Value: enhances the attractiveness of the Akmene FEZ for future industrial and infrastructure investments.
Financial Value. Significant long-term investment in renewable energy infrastructure supported by a combination of institutional financing and private capital.
Economic Value. Increased regional competitiveness, attraction of new investment, and support for sustainable industrial growth within the Akmene region.
Legal / Regulatory Value. Successful coordination of land use, planning, environmental, energy, financing, and regulatory requirements within a complex infrastructure project.
Social / Regional Value. Contribution to regional development, energy security, sustainable growth, and the long-term development of the Akmene FEZ ecosystem.