The alternative energy industry is rapidly developing in Lithuania. The country continuously fosters renewable energy deployment (hydro, wind, biomass, and solar) with targets of approximately 23% RES by 2020. Clean energy technologies are also becoming an increasingly significant portion of Lithuania’s exports. A number of Lithuanian companies are launching photovoltaic cell production and module assembly at Visoriai Information Technology Park, with supply capacity of approximately 120 MW.
Similar to other European models, Lithuania uses feed-in tariffs to promote the renewable energy industry. Targeting the most cost-efficient energy production, the National Control Commission for Prices and Energy sets the purchase prices of green electricity.
Solar Energy Cluster
The Lithuanian Government has been promoting the rapid growth of the cleantech industry by providing grants for a number of companies to implement experimental (c-Si) photovoltaic cell production projects and to develop a solar energy cluster in the country. Precizika-MET SC, part of Hexagon global measurement technologies group, pioneered the solar industry development in Lithuania by launching an Industrial Photovoltaic Laboratory in Vilnius. BOD Group, Baltic Solar Energy, and Baltic Solar Solutions will also construct a 25,000 m2 facility for solar cell and solar module production.
Approximately 500 new jobs are expected to be created by 2016-2018, and approximately EUR 58 million in investments are anticipated.
Success stories: Solar cluster Visoriai etc. More success stories