We are pleased to announce our first sale in Lithuania with the successful divestment of the Kaišiadorys battery energy storage system (BESS) project. The 50 MW / 100 MWh (2-hour duration) late-stage project, developed in a joint venture with Balancy Grid, was acquired by UAB Karjerų linija.

The Kaišiadorys project is strategically located in Central Lithuania and is poised to significantly contribute to the nation's energy independence and grid stability.

"This milestone sale of the Kaišiadorys project underscores Aura Power's commitment to advancing renewable energy infrastructure across Europe," said Peter Sermon, Head of Global Development at Aura Power. "As our first successful transaction in Lithuania, it validates our development strategy and highlights the critical role of BESS in supporting the Baltics' energy transition and enhancing grid resilience, especially following the region's synchronisation with Continental Europe."

Aura Power and Balancy Grid  progressed the project through development securing  land and a near term grid connection date. 

UAB Karjerų linija will now continue with the project into construction and operation.  

Lithuania is a strategic energy hub within Europe, with the government committed to achieving net-zero emissions by 2050 and 100% renewable energy consumption by 2028. The country's increasing reliance on intermittent renewable sources, particularly after the closure of the Ignalina nuclear power plant, has created a strong demand for BESS to ensure grid stability and manage price fluctuations. The Baltic States' balancing capacity demand is projected to reach 1,500 MW by the end of 2025, presenting substantial opportunities in the balancing and ancillary services markets.

This sale represents a key step in Aura Power’s significant presence in Lithuania, where we have developed a 0.8 GW pipeline, including a 375 MWp solar park in Ignalina.