The Lithuanian renewable energy company Green Genius has secured permits for the construction of two solar projects totalling 199 MW in Lithuania and Latvia. The company will build a 78 MW solar plant near Seduva in northern Lithuania, as well as a 121 MW solar plant near Jekabpils in southern Latvia. The two projects, which will require an investment of €179m (€70m in Lithuania and €109m in Latvia), are scheduled to begin construction in 2024 and become operational in 2025. They are expected to generate around 245 GWh/year of electricity, enough to power about 82,000 households, and avoid the emission of 102 ktCO2/year.
As of end-2021, solar represented about 6% of Lithuania’s installed capacity with 255 MW and less than 4% of the power mix, while it represented less than 1% of Latvia’s installed capacity with only 7 MW. However, Latvia’s solar capacity grew to 113 MW in 2022. The new solar plant planned by Green Genius would thus become Latvia’s largest.
Latvia targets a share of 50% of renewables in the final energy consumption in 2030, while Lithuania targets a share of 45% of renewables in final consumption in 2030 and 80% in 2050.
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