Green Genius, RGreen to develop Lithuanian solar farms
- The eight projects are slated for construction in 2024
Green Genius and RGreen Invest have actually prepared a financial agreement to develop eight solar PV projects in Lithuania with a complete capacity of 65.7 MW.
The solar farms are arranged to be built by 2024 as well as are projected to create an estimated 82,400 MWh of green energy each year.
The companions intend to sell the electrical energy to the B2B industry.
" The green shift needs funding companies with monetary as well as details technical competence in the renewable energy area. That is what makes our companions so valued. The funding empowers us to deliver extra green and independent generation capacity to Lithuania," stated Rokas Bancevicius, CFO at Green Genius.
" Faced with the important to sever European dependence on energy imports, it is critical to remain functional by locating substitutes to our carbon-intensive electrical energy mix," added Nicolas Rochon, RGreen Invest's CEO.
" Boasting increasingly shorter growth periods as well as price effectiveness, renewables allow us to decarbonise our interconnected European grid and boost our entire continent's energised self-reliance."