emerging markets
On the COP27 Agenda: How Public Financing Can Help Developing Countries Make the Energy Transition
One reason the energy transition is hard is because the old systems need care and maintenance while the new systems are being born. Those challenges are even more pronounced for developing economies in Africa, Asia, and Latin America. In many of those emerging countries, transmission infrastructure, political uncertainty, and capital markets can be lacking, creating unique hurdles for development.
- GE Renewable Energy to deliver 13 of its Cypress 5.3MW turbines, its largest onshore wind turbine technology in the field, to E energija Telšiai wind farm in Lithuania.
- The 68.9 MW onshore wind farm is the first significant subsidy free development in the Baltic states and will power the equivalent of 78,300 homes in Lithuania.
- GE Capital’s Energy Financial Services and E energija partner to co-sponsor the onshore wind farm project.
- Co-sponsors reach financial close with SEB Bank on senior debt financing solution and sign the largest wind farm PPA in the
For media inquiries, please contact:
Antoine Balas
Communications, Onshore Wind
GE Vernova
+33 6 89 69 41 10
[email protected] Arti Mohan
Media Relations, Electrification Software
GE Vernova
+44 7468 351586
[email protected] Raminta Barauskiene
E energija Group
+370 682 71109
[email protected]
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