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    Lithuania : Green Genius by 2025 750 million will be invested in solar and wind power plants in Lithuania. euros


    August 7, 2022 - TendersInfo - News

     

      Renewable energy company "Green Genius" by 2025 500 MW solar parks will be installed in Lithuania. By the same year, Green Genius plans to install another 200 MW of wind power plants. Total Green Genius green energy capacity in Lithuanian solar and wind power plants in 2025. will reach 700 MW. "The European Commission urgently issued a communication to all Community members, encouraging the development of renewable energy to be considered a special public interest. And we take our role in this process seriously and responsibly, - says Ruslanas Sklepovi?ius, head of Green Genius. "Until this year, renewable energy essentially solved the issue of sustainability, and today it additionally solves the challenges of energy independence and socioeconomic well-being." The company's solar and wind power plants are installed throughout the territory of Lithuania. They should start operating at the end of 2024. Until then, the company aims to perfect the plant planning model, where solar and wind farms are installed in the same area. "Such a decision would not only save local resources, but would also ensure optimal use of electricity networks, thus solving the issue of the power of the country's networks. In addition, it will allow our customers to offer mixed solar and wind electricity at a friendlier price," points out R. Sklepovi?ius. In total, 500 MW of solar and 200 MW of wind power plants will produce about 10 percent. Lithuania needs electricity and it will help to avoid the emission of ~556,000 t of CO 2 into the environment per year. This amount of CO 2 can be processed by 26.5 million. young trees. Until 2025 "Green Genius" intends to invest about 750 million in solar and wind power plants in Lithuania. euros.

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