Inexperienced Genius PV undertaking in Lithuania
Picture: Inexperienced Genius
Inexperienced Genius is ready to construct 100 MW of unsubsidized photo voltaic in Jekabpils, southeast Latvia.
The Lithuanian renewables developer privately acquired the undertaking and is now within the technique of deciding whether or not the electrical energy will probably be commercialized on the spot market, by utility off-takers, or by energy buy agreements, the corporate’s head of photo voltaic, Simonas Šileikis, mentioned. pv journal.
“The photo voltaic power market in Latvia is at an early start-up stage. In the intervening time, there are some early-stage industrial tasks already below improvement,” mentioned Šileikis. “Nonetheless, this 100 MW Inexperienced Genius undertaking is at present the biggest in Latvia.”
The undertaking will cowl 151 hectares of land, the place development is scheduled to start in June 2023. The funding is price almost €90 million ($97.5 million).
“Latvia has glorious potential with enticing phrases and cheap regulation for the event of photo voltaic PV. We now have been this for a while,” mentioned Šileikis. “I’m completely satisfied to announce a step within the undertaking that can positively have a tangible affect on Latvia’s sustainability and power independence.”
In response to the Worldwide Renewable Power Company (IRENA), Latvia’s cumulative photo voltaic capability will probably be solely 8 MW by the top of 2021.
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