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  • Lithuania
  • Lithuania

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.

Floating Solar Mounting System used for below projects in Lithuania

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Floating Solar Mounting System

Floating Solar Mounting

If you want to take advantage of the solar energy and don’t have land property, but have a huge aquatic space, a floating solar mounting system is perfect for you. It is now made possible to install solar PV systems even on water surfaces. Generally, this solar mounting system is uniquely designed for solar PV plants or farms that are deployed on water surfaces such as ponds, dams, lakes and other bodies of water.

Benefits of Floating Solar Mounting

Opting for a float solar mounting can free you from using huge land areas for solar deployment. It can also help in saving water resources in dams by covering the water surfaces and minimizing water evaporation. The material used is recycled, non-pollution and made sturdy so it can withstand wind pressure and can last longer. It is also convenient to use and easy to install.

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