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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.

Mono used for below projects in Lithuania

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Mono

Why Buy Wholesale Monocrystalline Solar Panels from Us?

Our website lists all sorts of monocrystalline solar panels from established and well-respected manufacturers and brands all over the world. As a result, you can expect that the monocrystalline solar panels that we offer are of the best variety. They are characterized by numerous remarkable features, such as higher efficiency, sturdy construction, and a longer lifespan. Therefore, all the monocrystalline solar panels that we offer will undoubtedly have the ability to fulfill all your solar power needs. 

If you want to buy monocrystalline solar panels for PV systems at low wholesale prices, then go through our website to explore products with profitable deals. You can also choose to send in your query at info@solarfeeds.com

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