17 APR 2025Capacity 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.
29 MAY 2025Development permit
02VERT issued the energy storage development permit
The National Energy Regulatory Council issued the permit required to develop the project.
15 OCT 2025Building permit
03Building permit obtained
The construction permit required to deliver the project was issued.
06 NOV 2025EPC contract
04€27.8 million EPC contract signed
MT Group will engineer, construct and commission the Rietavas battery energy storage system.
09 DEC 2025Financing
05Artea Bank finances the project
The financing partnership provides a strong foundation for the delivery of strategically important energy infrastructure.
01 MAR 2026Earthworks
06TETAS commenced active earthworks on site
Site preparation and the principal earthworks commenced.
07 JUL 2026Equipment delivery
07All critical equipment delivered to site
Power conversion systems (PCS), batteries and other essential BESS equipment arrived on site.
07 SEP 2026Cold commissioning
08Cold commissioning begins
System checks and cold commissioning are scheduled to begin before power is supplied to the grid.