Lithuania

/LONDON, June 16, 2026, 13:00 BST, RENEWABLE MARKET WATCH™/ The European Investment Bank (EIB) has finalised a strategic financing package for the Kelmė wind farm in Lithuania—currently the largest operational wind energy facility in the Baltic region—by extending an additional €150 million loan to Ignitis Group. This targeted financial support reinforces the project’s status as […]

/VILNUIS, LITHUANIA, September 1, 2025, 9:00 CET, RENEWABLE MARKET WATCH™/ The Ministry of Energy of Lithuania has launched a support initiative aimed at enhancing the flexibility and reliability of the electricity system by encouraging the installation of high-capacity electricity storage facilities. The previous funding call, which attracted considerable interest from market participants, closed at the […]

/VILNIUS, LITHUANIA, August 29, 2025, 9:15 CET, RENEWABLE MARKET WATCH™/ Ignitis Group, an integrated utility focused on renewable energy, is expected to start construction of battery energy storage systems (BESS) in Lithuania soon. The company will implement these BESS plants in the areas around Kelmė, Mažeikiai, and Kruonis. With a combined capacity of 291 MW […]

/VILNUIS, LITHUANIA, July 25, 2025, 9:00 CET, RENEWABLE MARKET WATCH™/ Lithuania’s Ministries of Energy and Environment have approved an additional €37 million to expand capital expenditure support for energy storage projects. This funding supplements an existing €102 million fund managed by the Environmental Project Management Agency (EPMA) during its first call, which closed on June […]

/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.

/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…