• European Commission Approves €385 Million Support for Production of Electricity from Renewable Energy Sources in Lithuania

    /23rd April 2019, European Commission, RENEWABLE MARKET WATCHTM/ The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types of renewable generation, will contribute to the EU environmental objectives without unduly distorting competition. The scheme, with an overall budget of €385 million, will be open to all renewable installations.

  • Lithuanian Floating Solar PV Power Plant in Kruonis PSHP Receives Funding

    Floating Solar Small

    /20th March 2019, RENEWABLE MARKET WATCHTM/ Experimental floating photovoltaic solar power plant project in Kruonis pumped-storage hydroelectric power plant (PSHP), developed by Lithuanian state-owned enterprise Lietuvos Energijos Gamyba has received funding from the Lithuanian Business Support Agency (LBSA). The total amount of 235,000 EUR has been granted. LBSA, together with the Ministry of the Economy and Innovation has decided to fund the project after considering 139 applications, 91 of which received grants. The floating solar power plant project has been rated among the best applications. Lietuvos energijos gamyba is developing the project together with the scientists from Kaunas University of Technology (KTU).

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