Lithuania Expands Solar Program for Renewable Energy Growth
Taking a significant step to promote solar energy, the Lithuanian Ministry of Energy has launched a new support program and is now accepting applications. Officially initiated on September 30, 2024, this initiative offers financial assistance to individuals, communities, and businesses planning to install solar power plants. It is a key part of Lithuania’s broader strategy to increase its renewable energy capacity, reduce dependency on fossil fuels, and achieve its goal of 1 GW of distributed solar capacity by 2025.
Lithuania’s energy strategy is ambitious, and this new program is critical to its vision, offering financial support for installing solar power plants. It’s backed by a substantial 15 million euro budget from the European Union’s Modernisation Fund. Learn more about Lithuania’s solar ambitions.
Financial Incentives Under the Solar Program
The program provides a range of financial incentives to accelerate solar adoption. Individuals are eligible for a subsidy of up to 300 euros per kilowatt (kW) of installed solar capacity, while communities and municipalities can receive a more substantial 500 euros per kW.
Businesses can receive a subsidy of 300 euros per kW, with additional support available for projects in specific regions. For instance, projects located in the Lithuanian–Polish border area are eligible for an extra 200 euros per kW, bringing the total support to 500 euros per kW.
These financial incentives are designed to make solar energy more accessible and affordable, significantly reducing initial installation costs and encouraging wider investment in renewable energy resources.
Progress in Lithuania’s Solar Capacity
Lithuania’s solar power capacity has grown significantly in recent years. By the end of September 2024, the country’s installed solar capacity reached 1.2 GW—a remarkable increase from previous years that highlights the growing importance of solar energy in Lithuania’s energy portfolio.
Despite this progress, Lithuania is still working toward its 2025 target of 1 GW of distributed solar capacity. The new support program is expected to be instrumental in achieving this goal, providing the financial incentives needed to drive further growth in the sector.
Eligibility and Application Requirements
Applicants must meet certain criteria to be eligible for the program. It is open to individuals, communities, and businesses, with requirements and subsidies varying by applicant type. Notably, communities and municipalities are eligible for higher subsidies, reflecting the strategic importance of collective solar projects in meeting Lithuania’s renewable energy goals.
The application process is straightforward, and the Ministry of Energy offers detailed guidelines. The deadline for submissions is December 31, 2024, giving potential applicants ample time to prepare their proposals.
As Lithuania continues to pursue its clean energy goals, more initiatives are expected, reinforcing the country’s commitment to a sustainable energy future. This program not only supports Lithuania’s national energy independence but also contributes to the global effort to combat climate change. For more insights into Lithuania’s solar initiatives, click here.
