Lithuania

Lithuanian researchers have developed a new material, tin zirconium titanium selenide, that could significantly improve the efficiency of silicon solar cells by converting previously unused light into extra energy.

Modus Asset Management secures EUR 14 million from SEB Bank to finance the purchase of a solar portfolio in Lithuania with bifacial photovoltaic panels and single-axis trackers. This acquisition brings Modus' solar portfolio up to 76 MW and is expected to generate 26 GWh of electricity annually.

Green Genius & Citadele Bank join forces to power Svyturys-Utenos alus brewery - 100% Renewable Energy. A 6.9 million euro financing agreement to install solar power plants & energy-as-a-service solution to meet electricity needs. 2.6 million euro funded by European Climate, Infrastructure & Environment Executive Agency.

Green Genius to build two solar power plants in Lithuania and Latvia with combined capacity of 200 MW. €179m investment to help decentralise energy sources and strengthen energy independence. Construction planned to start in 2024 and be operational in 2025.

Polish lender Bank Pekao (WSE: PEO) will extend PLN 105 million (USD 24.5 m/EUR 22.4 m) in debt financing to back the building of 67.8 MW of solar photovoltaic (PV) plants in its home country, it claimed previously this week.

Lithuanian photovoltaic panel maker Solitek will certainly invest virtually EUR 50 million (USD 53.9 m) to set up a solar module manufacturing facility in Italy, it said on Monday.

The eight projects are slated for construction in 2024

The fresh investment will certainly aid IPP expand its renewable energy projects in Poland and also the Baltics

A group of chemists from Kaunas University of Technology in Lithuania, the programmers of numerous development developments in the solar power area, suggested yet an additional service to raise the stability and also efficiency of perovskite solar elements. They synthesized a new class of carbazole-based cross-linkable materials, which are resistant to various environmental effects, including strong solvents made use of in the production of solar cells.

Luminor Bank will give a EUR10.3 m funding for the building and construction of remote solar parks completing 15.7 MW.

Project in Jonava region is due to go into operation in 2025

Building has started on the initial of four battery energy storage space systems (BESS) amounting to 200MW/200MWh from worldwide system integrator Fluence in Lithuania.

22MW new-build solar will certainly be sited next to an operational 10MW wind farm in Taurage

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.

The European Union (EU) need to establish greater solar PV release targets as well as speed up the energy shift to phase out its energy dependency on Russia immediately, according to 5 member states of the bloc.