Porter is a portfolio of three onshore wind farms located in Lithuania with a total capacity of 186 MW. The wind farms are being developed and built by European Energy, who will provide Construction Management services during the construction phase as well as Technical and Commercial management services in the operational phase. General Electric will be responsible for maintaining the turbines under a 30-year full-service contract. All three wind farms are expected be fully operational in 2022/23 and will together produce enough electricity to supply around 128,000 Danish households and will offset the equivalent of 40,000 tonnes of carbon dioxide during each year of operation.
Porter represents AIP’s first renewable energy investment in Lithuania in a partnership with Taaleri Energia, a leading European renewable energy developer and fund manager and Lords LB, a leading investment management firm in the Baltics, in which AIP is providing financing to the construction of the three wind farms.