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.

Distributors

Solar Products Distributors

Distributors are those companies working as big warehouses that served as the middlemen between the consumer/customer and the manufacturer. Typically, in distribution, a company is handling the sourcing, stocking and logistics but nowadays they are also helping manufacturers in product designing and solving other business conflicts. 

Aside from other industries, distributors also play a vital role in the solar industry. Solar distributors become long-term partners of solar manufacturing companies and even solar contractors. They are not only serving as warehouse facilities but partners that also provide strategic solutions to help solar companies achieve their desired outcomes. Solar distributors assist solar manufacturing companies by storing. handling and shipping their solar products to their buyers. On the other hand, they help solar contractor companies in outsourcing high-quality solar products. 

These solar distributors are the ones who deal with homeowners who want to go solar, businesses that work with the solar industry and solar installers who offer solar system services to both residential and commercial customers. But on top of that, the solar distributor’s main role is to maintain its commitment to outsourcing and handling high-quality products and delivering them to customers at a good value. 

Up to these days, many solar distributors have been operating and helping many solar companies in distributing their products. So, if you are looking for the most trusted and reliable solar distributor, you can easily find one by checking out solar outsourcing companies that provide easy access to reliable information, news, data and a list of solar suppliers and distributors near you.