Lithuania proposes 3 renewable energy auctions for 2020-2022

Wind parks in Lithuania. Image by: Lietuvos Energija (www.www.le.lt).

September 13 (Renewables Now) - Lithuania’s Ministry of Energy has submitted for approval a schedule of renewable energy auctions for 2020-2022, unveiling that one will be held each year during the period.

According to the plan, the government will hold an auction for the distribution of 0.7 TWh of renewable power each year through 2022. The process will be technologically neutral, meaning that it will be open for all renewable sources such as solar, wind, biomass and biogas, a press statement says.

The energy ministry has proposed that the transmission and distribution systems operators publish information on the reserved and existing free grid capacity online.

Lithuania hopes that the planned auctions will help it achieve its national target for renewable energy sources in gross final consumption, which has been set at 38% by 2025.

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription