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Elektrum to build new solar parks in Lithuania

Elektrum Lithuania is an electricity provider that is part of the Latvian energy group Latvenergo, and it announced on  Friday that it plans to install three solar parks with a total capacity of 176 megawatts in the western Lithuanian district of Klaipėda.  The company expects the solar plants to be online by September 2025 at the latest.

“We consider the growing investment in our local power generation as a strategically necessary step,” Elektrum Lithuania CEO Martynas Giga said in a news release.

The overall capacity of the company’s solar parks that are currently under development will be 504 MW.

Giga said that his company invested more than EUR 34 million during the first half of 2024 in new solar and wind farms, as well as infrastructure for the charging of electric vehicles.

Source: BNS

(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)

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