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Lithuania
Solar Market Outlook in Lithuania
The future of the solar power market in Lithuania is shaped by a wide range of factors such as feed-in tariff, availability of financing, incentives, and other key players. There are also factors that hinder the growth of the country’s solar power market including the uncertainty of large-scale developments, high capital expenditure, and increasing competition.
Despite the challenges and hurdles that are present, the Lithuanian government along with the Lithuanian Business Support Agency continues to support any step forward in the country’s solar energy sector. One of the major breakthroughs for the solar industry is the construction of a floating solar PV power plant. The construction of this facility cost $270,000 and is expected to produce 900 MW of power.
The first stage of the said project is set to be completed by the end of 2021. There are also more projects lined up to facilitate more solar power generation in the country that would be enough to power 120,000 households.
Since this floating power plant is the first of its kind in the region, the Lithuanian government is hoping that it will attract more investments in the solar power market.
Solar Energy Equipment Supply Capacity in Lithuania
The growth rate of the solar energy sector in Lithuania has been slow and steady. This is made possible by the availability of solar power equipment from international suppliers and distributors.
Top Major Seaports & Logistics in Lithuania
Its proximity to the Baltic Sea means that there are many ports serving Lithuania for the logistics and trade activity. The following ports serve as access points in the transport of solar power equipment:
- Klaipeda,
- Vilnius,
- Kaunas,
- Panevezys.
Mounting Clamps used for below projects in Lithuania
No Projects Found