Lithuania: attractive location and favourable project environment
Lithuania benefits from its central location in Northern Europe. It is the largest country in the Baltic States and one of the fastest growing countries in the European Union and Eurozone. The Ministry of Energy has extended regulatory support in favour of onshore wind development.
What sets Lithuania apart
HIGH WIND SPEEDS
Excellent wind conditions at the project site in the coastal area of the Baltics (7.7 m/s)
HIGH POLITICAL & ECONOMICAL STABILITY
Strong projected GDP growth | Membership in the EU, OECD, NATO | Western standards
WELL-DEVELOPED GRID CONNECTIONS
Energy is traded internationally at Nord Pool Market – Europe’s largest and most liquid pow- er market
AMBITIOUS RENEWABLE ENERGY GOALS
50 % from renewable energies by 2030 (status quo 24 %) | 6 TWh renewable energy production by 2025 (status quo: 3.1 TWh incl. HPSP and Hydro)