Green Genius to mount 700 MW of wind, solar in Lithuania by 2025

• Lithuanian renewables solid Green Genius announced today that it will all at once install 500 MW of solar and also 200 MW of wind farms in its home nation by 2025.

It said that it expects to make an investment of EUR 750 million (USD 791.7 m) by then.

These projects are being created throughout Lithuania. The company will additionally look to establish solar as well as wind hybrid nuclear power plant in an initiative to use land more effectively as well as have the ability to supply its clients mixed solar-wind electrical energy "at a friendlier price", Green Genius CEO Ruslan Sklepovic claimed.

The plants are prepared to start procedures at the end of 2024.

"The European Commission has actually urgently provided a communication to all participants of the EU advertising the development of renewable energy as a matter of particular public interest. And also we take our role in this procedure seriously and properly," commented Sklepovic.

"Until now, renewable resource has actually mostly resolved the problem of sustainability. Nonetheless, today it also attends to the difficulties of power self-reliance as well as socio-economic wellness," Sklepovic included.

According to Green Genius, 700 MW of wind and also solar farms will can creating around 10% of Lithuania's electricity needs.