European Energy, a Danish renewable energy company, is planning to build a 65MW solar project in the municipality of Anyksciai, Lithuania.

Considered to be one of the largest solar farms till date in the Baltics, the new plant is expected to be operational in the fourth quarter of this year.

Featuring more than 140,000 solar panels, the plant will span more than 120ha and generate about 90,000MWh annually. This is expected to meet the power needs of nearly 24,000 homes.

The solar panels will be mounted on tracker systems, which will adjust the panels according to the sunlight, thereby helping generate optimal power generation throughout the day.

European Energy Lithuania country manager Tadeusas Konkovskis said: “It is a milestone for European Energy to have reached so far in pushing the renewable energy development in Lithuania. We are happy that together with the help of our local partners in Anyksciai and the Lithuanian government, we can implement this.”

In addition to this solar farm, the company has other solar projects in Jonava and Skuodas in the country, which are scheduled to be connected to the grid by 2026.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

European Energy CEO Knud Erik Andersen said: “Our goal in Lithuania is to support the transition into a green economy, to contribute to the energy independence of all Baltics countries as well as the implementation of global goals related to climate change. Therefore, we are constantly investing to further strengthen the renewable energy sector of Lithuania.”

So far, the company has spent over €460m to develop clean energy projects in the country. It aims to invest a total of over €1.6bn across wind and solar farms, with more than 1.6GW in total capacity.

Earlier this month, the company announced plans to build a 115MW solar plant in Latvia. The plant will generate 120,000MWh of clean electricity annually, helping power 57,000 Latvian households.