Saturday, June 25 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Lithuania : Green Genius to invest 750 m euros in Lithuanias solar and wind power plants


    May 20, 2022 - Al Bawaba Business

     

      Renewable energy company Green Genius will install 500 MW of solar power plants in Lithuania no later than 2025. It will also install 200 MW of wind farms simultaneously, making a total of 700 MW of wind and solar power plants in Lithuania by 2025.

      The European Commission has urgently issued a communication to all members of the EU promoting the development of renewable energy as a matter of particular public interest. And we take our role in this process seriously and responsibly,- says Ruslan Skelpovic, CEO of Green Genius. Until now, renewable energy has largely addressed the issue of sustainability. However, today it also addresses the challenges of energy independence and socio-economic well-being.

      The companys solar and wind power plants are being developed in the whole territory of Lithuania. Their operational start is planned for the end of 2024. The company aims to develop a combined solar-wind power plant model too. This kind of solution would use land more efficiently and ensure the optimal use of electricity networks, thus addressing countrys grid capacity matter. In addition, it will allow us to offer our customers mixed solar-wind electricity at a friendlier price,- R. Sklepovic points out.

      500 MW of solar and 200 MW of wind power plants will produce about 10% of Lithuanias electricity needs. It will help prevent ~556,000 tons of CO2 emissions in a single year. This amount of CO2 could be absorbed by 26.5 million young trees. Until 2025 Green Genius intends to invest about 750 m euros in Lithuanias solar and wind power plants.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.