Aquila Clean Energy ("Aquila") and Energy Gates are pleased to announce the successful closing of a transaction involving a ready-to-build (RTB) 50 MW / 100 MWh battery energy storage system (BESS)Â project located in Lithuania. The transaction was completed on 31 December 2025.
The project has reached RTB status, with all key development milestones secured, positioning it for near-term construction and subsequent operation. The asset is designed to deliver two-hour storage capacity and will provide essential flexibility services to the Lithuanian power system, supporting grid stability, renewable energy integration, and enhanced energy security across the Baltic region.
"The successful closing of the project underscores our ability to identify and develop high-quality energy infrastructure assets that meet the evolving needs of European electricity systems. This divestment is a part of our portfolio strategy to realize value from our development pipeline and to further drive the energy transition."
Aquila Clean Energy CEO, Andrew Wojtek.
For Energy Gates, the acquisition represents a strategic investment in a ready-to-build energy storage asset, demonstrating confidence in the Lithuanian power market and the growing role of battery storage in enabling decarbonisation, market-based flexibility, and resilient energy systems.
"This acquisition further strengthens Energy Gates renewable projects' development in the Baltics. The project is the third BESS asset in our portfolio and an important milestone reflecting our confidence in the Lithuanian market and our ability to develop, invest in, and realize value from high-quality storage assets that support grid flexibility, renewable integration, and long-term energy security."
Energy Gates CEO, Arminas Petraitis.
The transaction reflects a shared commitment of both parties to disciplined infrastructure investment, strong ESG integration, and the delivery of long-term sustainable energy solutions, in line with European climate and energy objectives. Battery energy storage is expected to play an increasingly critical role in reducing system-wide emissions and supporting the efficient deployment of renewable generation. Aquila Clean Energy and Energy Gates thank their internal teams and external advisors for their professionalism and collaboration throughout the transaction.
Transaction & Project Overview
Asset Type:Â Battery Energy Storage System (BESS)
Capacity:Â 50 MW / 100 MWh (2-hour duration)
Project Stage:Â Ready-to-Build (RTB)
Location:Â Lithuania
Sell side:Â Aquila Clean Energy
Buy side:Â Energy Gates
Transaction Closing Date:Â 31 December 2025
Advisors
Aquila Clean Energy was advised by EY Parthenon (Financial Advisor), Esteem and COBALT (Legal Advisors). Energy Gates was advised by WIDEN (Legal Advisor).
About Aquila Clean Energy
Aquila Clean Energy EMEA is a developer of integrated & hybrid clean energy solutions. We deliver affordable, clean energy to European markets through innovative, technology enabled solutions.
Since 2006, we've developed and operated renewable energy projects, bringing over 3.0 GW into commercial operation to date. Our advanced development and construction pipeline consists of over 12 GW in solar PV, BESS and onshore wind across 13 countries.
About Energy Gates
Energy Gates is an investment management hub focused on the development of large-scale renewable energy projects across the Baltic countries.
By combining technical expertise with investment capacity, we develop projects that integrate renewable generation, improve electricity grid resilience, and contribute to a sustainable energy future.
