Will Energix sell 470mw wind & solar project in Lithuania?

Credit: European Energy. European Energy has signed an agreement with Energix to sell a 470MW wind and solar project in Lithuania. The project, which is in the pre-ready-to-build stage, comprises a 140MW wind farm and a 330MW photovoltaic (PV) facility. The transaction is set for completion during 2025.

What are Lithuania's energy independence projects?

Lithuania's offshore wind parks is one of the most important Lithuanian energy independence projects. The projects will significantly increase the production of electricity from renewable energy sources, thus reducing Lithuania's dependence on electricity imports and ensuring low electricity prices for residents.

Will Lithuania's offshore wind farms generate a lot of green electricity?

The offshore wind farms, which will begin to operate by 2035 in the part of the exclusive economic zone of the Republic of Lithuania in the Baltic Sea near Palanga with a capacity of approximately 1,4 GW, are expected to generate up to 6 TWh of green electricity per year, which would meet up to a half of Lithuania’s current electricity demand.

How does Lithuania use electricity?

Lithuania currently meets 50% of its power consumption through imports and is aiming for 45% of its electricity to be sourced from renewables by 2030. The country trades electricity through the Nord Pool, claimed to be the world’s largest electricity exchange, and links Lithuania’s grid with the European network, including Poland.

What is Lithuania's first commercial battery storage facility?

Located near Vilnius, this project will be the country’s first commercial battery storage facility and is expected to increase Lithuania’s total storage capacity by approximately 50%. The system is scheduled to begin operations by the end of 2025.

What is E-Energija group's Vilnius Bess?

The Vilnius BESS is designed to address these dynamics, ensuring a reliable energy supply for consumers. E-energija Group’s initiative reflects a practical approach to integrating renewable energy into Lithuania’s grid, with the system set to play a vital role in balancing supply and demand once operational.