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.

Manufacturers

In the simplest terms, manufacturing is the process of producing actual goods or items/products through the use of raw materials, human labour, use of machinery, tools and other processes such as chemical formulation. This process usually starts with product designing and raw material selection, turning them into an actual product output. 

Solar Products Manufacturers and Factories

In terms of solar, manufacturing encompasses the fabrication or production of materials across the solar market chain. The most common product being manufactured by solar companies are the solar photovoltaic (PV) panels, which are made with several subcomponents such as solar wafers, cells, glass, back sheets, and frames. Before a solar panel comes into life, it will undergo a lot of processes, from designing, modelling, choosing what raw materials to use and then assembling them all to make the final product.

More Than Just Solar Panels

Aside from the solar panels, solar companies have many other manufactured products that are required to make solar energy systems work smoothly, like solar inverters, batteries, combiner boxes, and racking and tracking structures.

Having a solar manufacturing sector makes a big difference in supplying affordable solar energy in different areas. Aside from maintaining the rising domestic and global demand for cleaner and renewable energy, they also help the economy grow, particularly the solar industry. If you are in search of a reliable solar manufacturing company, checking out our solar outsourcing company, SolarFeeds, would help you get easy access to reliable information, news, data and a list of solar manufacturers that can help you with solar products.