Vėjų Spektras sells its 30 MW wind park

After all necessary regulatory approvals on July 15th the sale of 30 MW wind park owned by UAB Vėjų Spektras has been closed. 30 MW wind park, situated near Kretinga, Lithuania is operational since the end of 2006. It was the largest wind park in the Baltic states at the time of launch and remains one of the largest parks currently in operation. The buyer of the wind park is IRL Wind, a daughter company of INTER RAO Lietuva. UAB Vėjų Spektras is planning to work on other wind energy projects.

LHV Capital invested in Vėjų Spektras in 2005 and realised 2,3 times money multiple on the current exit.