Green Genius protects finance for Lithuania PV
funding from Luminor Bank for the building and construction of solar parks in Lithuania. The EUR10.3 m facility will be used for the building and construction of
Aug 24, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Europe, Lithuania, Green Genius, solar parks, Rokas Bancevičius, Andrius Načajus
Ignitis develops Lithuania hybrid project
Renewables is initiating the growth of a solar park in Taurage region of Lithuania, having actually protected a permit from the State Energy Regulatory
Jun 7, 2022 // Plants, Large-Scale, Commercial, Europe, Lithuania, Solar Park, IGNITIS
Lithuania prepares large-scale battery storage space for grid switchover
Government of Lithuania reportedly plans to build among the world's biggest battery parks as it detaches from the Russian-controlled power grid. Reuters reported
Oct 12, 2020 // Storage, Grids, Europe, Lithuania, ignitis group, Zygimantas Vaiciunas
Customer system for buying remote solar in Lithuania
solutions. Promoted as a globe initially, an on-line system released in Lithuania is providing individuals the possibility to buy remote photovoltaic panels
Mar 26, 2020 // Residential, Markets & Finance News, Europe, Lithuania, covid-19, Deividas Varabauskas, Sun Investment Group
Building starts on 200MWh Fluence BESS projects in Lithuania for 2022 conclusion
Ministry of Energy of the Republic of Lithuania revealed the launch the other day (June 29) of "one of the most crucial energy projects in regards to national
Jun 30, 2022 // Storage, Blockchain, Ukraine, Europe, investment, lithium-ion, Lithuania, EU, Fluence, Siemens Energy, renewables integration
Green Genius to mount 700 MW of wind, solar in Lithuania by 2025
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
May 11, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Europe, Lithuania, Green Genius, Ruslan Sklepovic
Green Genius Raises €6.9M to Power Brewery with Solar
Genius, a renewable energy company, and Citadele Bank in Lithuania have agreed on a 6.9 million euro financing agreement for the installation of a solar power
Oct 30, 2023 // Markets & Finance News, Europe, Lithuania, Green Genius
Lithuanian company AEI Raises EUR 92 Million For Renewable Energy Investments
will certainly be invested in various other solar and also wind projects in Lithuania and Poland. Lithuania based investment company Atsinaujinančios
Apr 20, 2023 // Markets & Finance News, solar power plants, wind power, AEI, Atsinaujinančios Energetikos Investicijos, Grėtė Bukauskaitė, Lords LB Asset Management
65MW Baltics Solar Farm Unveiled by European Energy
plans for the largest solar farm to date in the Baltics located in Anyksciai, Lithuania. It will have a capacity of 65MW and be connected to the grid in Q4 2023. The
Aug 25, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, european energy, solar farm, Baltics
51 MW of Romanian Solar Power Secured by INVL Fund
Renewable Energy Fund I, managed by Lithuania’s INVL Asset Management, has secured a EUR 25 million loan from infrastructure lender Kommunalkredit Austria AG
Nov 21, 2023 // Markets & Finance News, Poland, Europe, Romania, INVL Renewable Energy Fund I
Lithuanian energy ministry issues timeline for renewables auctions
Lithuania is set to hold technology-agnostic renewable energy auctions. After plans announced in April secured EU approval, the country’s Ministry of Energy has now issued a timeline for the exercise. Lithuanian energy minister Žygimantas Vaičiūnas said annual auctions, each for 700 GWh of renewables generation capacity, will be held from next year to 2022. A first auction was announced by the State Energy Regulatory Authority on September 2, said a statement from the ministry. The proposed tender timeline is yet to be approved by the government. “Lithuania has set ambitious targets for the development of renewable energy and a clear plan for achieving them,” said Vaičiūnas. “It is our ambition to have as much clarity and transparency as possible for those investing in green energy in Lithuania and to maximize the number of bidders and competition. The approved auction schedule will allow investors to evaluate their options and prepare properly for all auctions.” The plan to attract investors includes action from electricity distribution and transmission system operators which are ordered to publish details online of spare capacity in their networks. Such information will show investors which regions have capacity immediately available and which areas will involve a wait for new infrastructure. Import dependency Lithuania plans to reduce electricity imports and achieve 38% energy independence by 2025. The government assumes it will need around 5 TWh of electricity generation capacity to achieve that goal. In the announcement in April, the government disclosed it would provide a 12-year feed-in premium tariff. “The key criterion that will determine new auction winners will be the lowest premium [offered by the bidders] … to the hourly electricity market price in the day-ahead Nordpool spot,” the government said. Lithuania’s installed renewable energy capacity totaled just 832 MW last year, of which 86 MW were PV. The country’s regulatory framework only supports residential and commercial systems, through a net metering scheme. The government has put aside €385 million to stage the tenders which form part of a bid to eliminate power imports by 2050. By 2030 the administration aims to halve imports, with two-thirds of its electricity consumption to be produced domestically. The government calculates around 35% of Lithuania’s power demand can be met by domestic generation by next year.
Sep 10, 2019 // Markets & Finance News, Europe, Lithuania, Žygimantas Vaičiūnas
Green Genius safeguards EUR 20m in funding for solar projects in Spain, Italy
Genius carried out a varied series of solar energy projects in Lithuania, Ukraine, Poland as well as Belarus, according to its internet site.
Oct 25, 2021 // Markets & Finance News, Spain, Italy, Europe, Green Genius, Rokas Bancevicius
Green Genius, RGreen to develop Lithuanian solar farms
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
Jan 16, 2023 // Plants, Europe, Lithuania, Green Genius, solar farm, RGreen
Bank Pekao bankrolls 67.8-MW Polish solar project by Lithuanian fund
was signed with PV Energy Projects Sp zoo, an unique purpose vehicle had by Lithuanian closed-end investment fund UAB Atsinaujinancios Energetikos Investicijos,
Apr 7, 2023 // Markets & Finance News, Poland, Europe, Lithuania, Bank Pekao
Developer secures financial investment for Polish PV buildout
park in Poland. JSC runs 68.1 MW of solar energy plants in Poland as well as Lithuania. It also co-owns a 185.5 MW wind power plant portfolio in Lithuania
Apr 6, 2023 // Plants, Markets & Finance News, Poland, Europe, JSC