Green Genius, a Lithuania-based clean energy developer, has secured permits for the construction of two solar projects, with a total capacity of 198.8MW, in the Baltic nations of Lithuania and Latvia.
The company will build a 78MW solar plant, to be located near Seduva in central-north Lithuania, as well as a second project in Latvia with a capacity of 120.8MW.
Construction on the two solar plants is due to begin by the middle of next year.
The company will invest €179m ($190.5m) on the two projects, including €70m on the Lithuanian project, which will be built on more than 140 hectares (ha) of land.
To be located in central-south Latvia, near the city of Jekabpils, the second solar park will be built on 153ha of land. It will entail an investment of €109m.
The two projects are expected to begin operations in 2025 and will generate around 245 gigawatt-hours of clean electricity annually, which will be sufficient to power around 82,000 homes.
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The company expects to supply the green electricity generated from the projects to the B2B sector.
Green Genius solar business head Simonas Sileikis said: “The markets in the Baltic countries have reached a certain new stage of maturity when new opportunities to develop large-scale projects arise alongside the development of usual smaller-scale solar parks.
“Each of the large-scale projects will be of great importance in decentralising the energy sources and strengthening the energy independence of the entire region.
“So far, Green Genius has been developing large-scale projects only in Western European countries, mainly Spain and Italy. The opportunity to apply this experience and knowledge to the Baltic region seems extremely meaningful to me.”