BaltCap invests in Lithuanian wind farm
“With the development and construction of 24MW wind farm, we will be able to support Lithuania in meeting its renewable energy targets. This project exemplifies the progress and positive impact that can be achieved when private capital works in partnership with government, entrepreneurs and industry,” said Kornelijus Čelutka, Investment Director at BaltCap. “We are pleased to support strong and experienced entrepreneurs in renewable energy as it perfectly fits our investment strategy.”
Gražvydas Zulanas, the CEO of Renagro said, “We have selected to attract private equity investor not only to raise funding but more importantly, to add competence and experience in financial engineering that is a vital component in successful infrastructure developments.”
Lithuania SME Fund is a growth capital fund established by BaltCap in 2010 as part of the JEREMIE initiative in Lithuania. Total size of the Fund is €20 million and it provides growth equity financing up to €3 million per company for small and medium-sized enterprises.
Further information:
Kornelijus Celutka, Investment Director, BaltCap
Ph +370 5254 6713, e-mail: kornelijus.celutka@baltcap.com
Ph +370 5254 6713, e-mail: kornelijus.celutka@baltcap.com
Photo: Andrea Boldizsar