Lithuania's state-run energy group Ignitis Group (formerly known as Lietuvos Energija (Lithuanian Energy) has withdrawn from the contract with Poland's Wento on the acquisition of the latter's wind farm project after the Polish company failed to secure a feed-in tariff.
The Lithuanian group said it had planned to acquire the wind farm on precondition that it would secure a feed-in tariff during an auction. The parties did not suffer any loss due to the end of the contract.
"As this precondition was not met, the contract was ended based ...
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