Evecon bags EUR 20m in debt for Lithuanian PV portfolio
- Admin
- May 15, 2024
- 1 min read
Citadele Bank from Latvia provided EUR 19.8 million in debt financing for the construction of solar parks in Lithuania. Estonian renewables developer Evecon will benefit from the financing for PV plants in Birzai and Jurbarka. The solar parks will generate electricity for business clients and the public sector in Lithuania, being used by corporates and public institutions like the Presidency of the Republic of Lithuania and Vilnius University. Evecon has a significant solar PV capacity deployment and development pipeline in the Baltic States.
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