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Green Genius will build 199 MW of solar capacity in Lithuania and Latvia

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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