Based on data from the Center of Registers, Rasveja, Anyksciu Vejas and Rokveja were established on November 15 with Knud Erik Andersen, a Danish co-founder of European Energy, as their CEO.

European Energy Lithuania, which is 100 percent owned by European Energy, is the sole shareholder of the new companies.

BNS has reported earlier that the Danish company has plans to build 500 MW wind power farms in Lithuania.

European Energy Lithuania would not comment on how much the company is planning to invest, but Aistis Radavicius, the head of the Lithuanian Wind Power Association, has said the investment cost is around 1 million euros per 1 MW of power. That would put the total cost of the Danish investment at some 500 million euros.

European Energy has developed over 1,000 MW of wind and solar power capacity in total. Currently, it is building farms in Denmark, Finland, Sweden, Germany, Italy, Brazil and Mexico.