Two bidders have submitted applications to develop up to 700MW site in Baltic Sea Lithuania’s State Energy Regulatory Council has revealed two bids have been submitted in its first offshore wind tender (without state aid). The process ran from 31 March to 29 May 2023 and is for a site which will have an installed […]
Lithuania kicks off 700-MW offshore wind tender – EQ Mag
Lithuania on Friday launched its maiden offshore wind tender, seeking a developer to install up to 700 MW of generation capacity in its territorial waters in the Baltic Sea. The competition for the site nearly 36 km (22.4 miles) off the coast that will host Lithuania’s first offshore wind farm will take place in several […]
Lithuania Outlines Offshore Wind Auction Plans – EQ Mag
The Lithuanian Government has approved the requirements for developers for the country’s first-ever offshore wind auction, expected to be announced by the National Energy Regulatory Council (VERT) on 30 March. According to the government’s decision, prospective bidders will have to have an average revenue of at least EUR 250 million in the last three years […]
Lithuania preps 700-MW offshore wind tender at end-March
The Lithuanian government is getting ready to launch a tender for a site in the Baltic Sea that could become home to a 700-MW wind farm, the Ministry of Energy said last week. The Ministry of Energy has released the drafts of the government’s resolutions regarding the proposed project location for public consultation. The requirements […]
Demand for SoliTek Solar Modules Grows – EQ Mag Pro
Vilnius-based solar module manufacturer SoliTek increased sales revenue by 273% in the first half of 2022 compared to the same period in 2021. This is mainly due to the growing interest in solar PV not only in Lithuania but also across Europe. Growing export volumes also contributed to the company’s strong performance. In the first […]
Ignitis Group secured grid connection capacity for 252 MW solar park in Lithuania – EQ Mag Pro
Ignitis Renewables Projektai, a subsidiary of Ignitis Renewables, which is owned by AB “Ignitis grupė” (hereinafter – the Group), on 13 July has signed a letter of intent with electricity transmission system operator Litgrid AB securing grid capacity in Jonava region, Lithuania for connection of 252 MW capacity solar park which is under development. Project’s […]
Lithuania welcomes world’s first online consumer platform for purchasing remote solar panels
Sun Investment Group has launched the first online consumer platform where everyone can purchase a remote solar panel, benefiting individual consumers and helping to expand solar energy production globally. Changing consumer needs and growing demand for solar energy inspired a project called ‘Solar Community’ (‘Saulės bendruomenė’ in Lithuanian). . The project is unique as it […]
EU regulators approve 385 mn euro Lithuania renewable power scheme
The project, which will run from May 1 to July 1, 2025, will help Lithuania reach its goal of producing 38 percent of its energy from renewable sources by 2025 BRUSSELS: EU state aid regulators cleared on Tuesday a 385-million-euro ($433.28 million) Lithuanian scheme to produce electricity from renewable sources, saying that it was in […]