New Material Breakthrough: Boosting Efficiency of Silicon Solar Cells
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.
Jan 9, 2024 // Technology, Europe, Lithuania, efficiency, silicon solar cells, Center for Physical Sciences and Technology, FTMC
Modus Secures Debt for 22-MW Lithuanian Solar
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.
Nov 23, 2023 // Markets & Finance News, Europe, Lithuania, modus
Green Genius Raises €6.9M to Power Brewery with Solar
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.
Oct 30, 2023 // Markets & Finance News, Europe, Lithuania, Green Genius
Green Genius: 200MW Solar Power Plants Planned in Baltics
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.
Sep 21, 2023 // Plants, Large-Scale, Commercial, Europe, Lithuania, Green Genius, PV Power Plant, Latvia
Bank Pekao bankrolls 67.8-MW Polish solar project by Lithuanian fund
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.
Apr 7, 2023 // Markets & Finance News, Poland, Europe, Lithuania, Bank Pekao
Lithuania's Solitek intends solar module factory in Italy
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.
Mar 27, 2023 // Manufacturing News, Italy, Europe, Lithuania, SoliTek
Green Genius, RGreen to develop Lithuanian solar farms
The eight projects are slated for construction in 2024
Jan 16, 2023 // Plants, Europe, Lithuania, Green Genius, solar farm, RGreen
Sunly elevates EUR200m in new funding round
The fresh investment will certainly aid IPP expand its renewable energy projects in Poland and also the Baltics
Oct 13, 2022 // Markets & Finance News, Poland, Europe, Lithuania, Mirova, Raphael Lance, Sunly, Latvia, Priit Lepasepp
Researchers produce new materials that could increase the stability of perovskite solar cells
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.
Sep 13, 2022 // Technology, Europe, Lithuania, efficiency, Vytautas Getautis, perovskite solar cells, Kaunas University of Technology
Green Genius protects finance for Lithuania PV
Luminor Bank will give a EUR10.3 m funding for the building and construction of remote solar parks completing 15.7 MW.
Aug 24, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Europe, Lithuania, Green Genius, solar parks, Rokas Bancevičius, Andrius Načajus
Ignitis secures connection for 252MW Lithuania PV
Project in Jonava region is due to go into operation in 2025
Jul 14, 2022 // Plants, Large-Scale, Commercial, Europe, Lithuania, Solar Project, IGNITIS
Building starts on 200MWh Fluence BESS projects in Lithuania for 2022 conclusion
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.
Jun 30, 2022 // Storage, Blockchain, Ukraine, Europe, investment, lithium-ion, Lithuania, EU, Fluence, Siemens Energy, renewables integration
Ignitis develops Lithuania hybrid project
22MW new-build solar will certainly be sited next to an operational 10MW wind farm in Taurage
Jun 7, 2022 // Plants, Large-Scale, Commercial, Europe, Lithuania, Solar Park, IGNITIS
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.
May 11, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Europe, Lithuania, Green Genius, Ruslan Sklepovic
Five EU member specifies urge bloc to get to 1TW of installed solar PV by 2030
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.
May 9, 2022 // Markets & Finance News, Spain, rooftop, Europe, Belgium, European Union, Lithuania, Luxembourg, Austria, european commission, energy transition, deployment target, european manufacturing, domestic manufacturing, REPowerEU