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will certainly be invested in various other solar and also wind projects in Lithuania and Poland. Lithuania based investment company Atsinaujinančios

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

capacity—equivalent to 582 MWh—across three strategic locations in Lithuania. The investment, estimated at roughly €130 million, underscores the

Grupe AB has completed the commissioning of a 22-MW solar farm in Lithuania, located next to an existing wind farm in Taurage. The solar project is expected to

Renewable Energy Fund I, managed by Lithuania’s INVL Asset Management, has secured a EUR 25 million loan from infrastructure lender Kommunalkredit Austria AG

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.

Genius carried out a varied series of solar energy projects in Lithuania, Ukraine, Poland as well as Belarus, according to its internet site.

team of chemists from Kaunas University of Technology in Lithuania has developed a novel material for perovskite solar cells, which can improve their stability and

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

range to support the construction of an 80-MWp photovoltaic project in Lithuania. This financial backing is crucial for the ongoing development of the solar

Lithuanian renewables developer Green Genius has secured EUR 36.66 million from French asset manager Rgreen Invest to fund a 78-MW solar-plus-storage project in Lithuania. The financing comes from Rgreen Invest's INFRABRIDGE IV debt fund, which has previously supported Green Genius projects totaling over 60 MW. The project, located near Seduva, spans over 150 hectares and is one of the largest in the company's portfolio.The Seduva solar plant is expected to connect to Litgrid’s transmission network by spring 2027, with a co-located battery energy storage system planned for the same period. The project aims to cut 60,457 tonnes of CO2 emissions annually. Green Genius received a construction permit in September 2023, estimating a total investment of EUR 70 million. How will Green Genius's Seduva project impact Lithuania's renewable energy landscape? Increased Renewable Capacity: The Seduva project will significantly boost Lithuania's renewable energy capacity, contributing an additional 78 MW to the national grid. Energy Independence: By expanding its renewable energy infrastructure, Lithuania can reduce its reliance on imported fossil fuels, enhancing energy security and independence. CO2 Emission Reduction: The project is expected to cut 60,457 tonnes of CO2 emissions annually, aligning with Lithuania's climate goals and commitments to reduce greenhouse gas emissions. Economic Growth: The investment and development of the Seduva project will create jobs and stimulate economic activity in the region, contributing to local and national economic growth. Technological Advancement: The integration of a battery energy storage system with the solar plant will enhance grid stability and reliability, showcasing advanced renewable energy technologies. Strategic Location: Situated near Seduva, the project leverages a strategic location for optimal solar energy capture, maximizing efficiency and output. Long-term Sustainability: The project supports Lithuania's long-term sustainability goals by increasing the share of renewables in the energy mix and promoting sustainable development practices. Regional Leadership: By undertaking large-scale projects like Seduva, Lithuania positions itself as a leader in renewable energy within the Baltic region, potentially influencing neighboring countries to adopt similar initiatives.

confirmed its largest battery-energy storage order to date: 291 MW/582 MWh for Lithuania’s Ignitis Group. The multi-site portfolio will help the Baltic state

was signed with PV Energy Projects Sp zoo, an unique purpose vehicle had by Lithuanian closed-end investment fund UAB Atsinaujinancios Energetikos Investicijos,

energy storage system (BESS) at its 78.5-MW Anykščiai solar park in Lithuania, moving the project from pure generation to a hybrid capable of shifting

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