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Danish clean energy developer European Energy will use part of a €145 million loan package secured from two Swedish lenders to construct a battery energy storage system (BESS) at its Anykščiai solar park, in Lithuania.. Danish clean energy developer European Energy will use part of a €145 million loan package secured from two Swedish lenders to construct a battery energy storage system (BESS) at its Anykščiai solar park, in Lithuania.. Lithuania's Ministries of Energy and the Environment have jointly approved an additional €37 million in funding to expand the country's capital expenditure (capex) support for energy storage projects. The announcement, made on July 18, supplements an existing €102 million fund administered under. . The Danish company has previously stated its intent to invest €1.6 billion ($1.8 billion) into wind and solar generation in the Baltic state. Supported by the InvestEU programme, the projects include an 18 MW battery storage system to enhance grid integration and stability.. bility of energy supplyin Lithuania. It will also enable Lithuania to disconnect from the Russian controlled electricity grid and synchronize with the c e an investment of $117.6m(EUR100m). This will see the installation of four 50MW batteries,with a minimum of 200MWh of power storage capacity.. Park, one of the four under construction. In l combined capacity of 200 MW and 200 MWh. The battery energy storage system project is needed to synchronise with the continental European networks, and will contribute to Lith d booster concept in three different ways. The battery can react to the. . The loan, provided by SEB Lithuania and Swedbank Lithuania, will support three renewable energy assets, including two wind farms. Image: European Energy. Danish renewables firm European Energy has secured a €145 million (US$158 million) long-term loan to finance a 78.5MW solar park co-located with.