2025 Q2Capacity reservation
01Letter of intent signed with Litgrid
The letter of intent reserved the grid capacity required for the project.
Project progress
Confirmed milestones and updates.
Key information on the delivery of the Rietavas battery energy storage facility.
2025 Q2Development permit
02VERT issued the energy storage development permit
The National Energy Regulatory Council issued the permit required to develop the project.
2025 Q3APVA funding
03Funding agreement signed with APVA
The project was awarded financing from the European Union Modernisation Fund under a measure administered by APVA.
2025 Q4Building permit
04Building permit obtained
The construction permit required to deliver the project was issued.
2025 Q4EPC contract
05€27.8 million EPC contract signed
MT Group will engineer, construct and commission the Rietavas battery energy storage system.
2025 Q4Financing
06Artea Bank finances the project
The financing partnership provides a strong foundation for the delivery of strategically important energy infrastructure.
2026 Q1Earthworks
07TETAS commenced active earthworks on site
Site preparation and the principal earthworks commenced.
2026 Q3Equipment delivery
08All critical equipment delivered to site
Power conversion systems (PCS), batteries and other essential BESS equipment arrived on site.
2026 Q3Cold commissioning
09Cold commissioning begins
System checks and cold commissioning are scheduled to begin before power is supplied to the grid.
2026 Q4Planned
10Energisation
The project’s electrical equipment is scheduled to be energised, enabling the next commissioning stage.
2027 Q1Planned
11Generation permit
The generation permit is planned to be obtained.