Lithuanian online platform lets consumers purchase, rent remote solar panels

Solar panels. Author: John S. Quarterman. License: Creative Commons, Attribution 2.0 Generic.

March 27 (Renewables Now) - Lithuania’s Sun Investment Group has launched an online consumer platform that enables all Lithuanian residents to purchase or rent remote solar panels for own power consumption.

Named Solar Community, the platform gives businesses and individuals a chance to purchase or rent 1 kW to 10 kW of solar panels installed far away from their residence. A solar installation of 2 kW can help a household save around EUR 190 (USD 210) per year. The exact price would depend on whether it is a purchase or a rent, among other factors, Sun Investment Group has said.

The platform got its wings after the Lithuanian energy ministry last October introduced a new law to install solar power plants.

Recently, the Lithuanian market received an additional boost with the passing of amendments that state that everyone has the right to generate and consume renewable energy from remote solar power plants, the group’s managing partner and chief business development officer, Andrius Terskovas, explains in a media statement.

In his words, solar array installations in Lithuania have so far been reserved for the few who could afford it.

“Companies are often discouraged from building solar panels in their property, as it’s expensive to build, takes a long time to get permissions for building it, and there is a lack of solar energy auction quotas,” said Terskovas.

The Solar Community platform now extends the opportunity to people living in shared premises, companies with fewer resources and any consumer that wants to contribute to the transition to clean energy.

As of recently, Lithuanian homeowners interested in buying remote solar can apply for a one-time compensation of EUR 323 per installed kW thanks to a support scheme launched by the energy ministry.

(EUR 1.0 = USD 1.104)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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