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Energy Aggregators in Lithuania: Market Overview and Emerging Dynamics
Lithuania has rapidly become one of the most dynamic markets in Europe for energy aggregation, driven by its fast-growing renewable energy capacity, advanced smart-metering infrastructure, and regulatory reforms encouraging participation in electricity balancing markets. Energy aggregation – particularly in the form of virtual power plants (VPPs) and demand-response portfolios – has developed into an important…
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Ignitis Renewables Commits to Implementing Audit Recommendations for Curonian Nord Offshore Wind Project
Ignitis Renewables has confirmed that it will fully implement the recommendations issued by the National Audit Office following its assessment of Curonian Nord, Lithuania’s flagship commercial offshore wind project. The company has already initiated all required actions, reinforcing its commitment to transparency, good governance, and international best practice in the development of the country’s first large-scale…
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Ignitis Group secures a major financing deal tied to the largest Baltic wind farm
Ignitis Group, a renewables-focused integrated utility, has secured EUR 318 million in non-recourse project financing from a strong group of lenders, comprising both institutional and commercial banks, to cover the costs incurred in constructing the largest onshore wind-energy project in the Baltics. The financing package is linked to Kelmė wind farm, which is located in…
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Lithuania Accelerates Battery Energy Storage Development to Support Renewables
Lithuania is rapidly emerging as a frontrunner in Central and Eastern Europe for battery energy storage deployment, with a string of large-scale projects designed to stabilise the grid and enable greater penetration of renewables. As the country moves away from reliance on Russian energy and strengthens its integration into the European grid, energy storage has…
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Ignitis Group and Vilnius University Strengthen Collaboration to Drive AI Innovation in Energy
Ignitis Group has signed a collaboration agreement with Vilnius University (VU), marking the start of a partnership focused on innovation and the application of artificial intelligence in the energy sector. At the core of this cooperation is the Faculty of Mathematics and Informatics (MIF), which brings strong expertise in AI, machine learning, and data analytics.…
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145 MW Stelpe Solar Farm in Latvia Reaches Full Commercial Operations
The 72.5 megawatt (MW) Stelpe solar farm II, developed in Latvia by Ignitis Renewables, an international green energy company, has reached the commercial operation date. The project is located in the southern part of Latvia, Bauska municipality. The solar farm, which covers 85 hectares, is equipped with 121 thousand solar panels. The investments in the…
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Lithuania Temporarily Suspends Second Offshore Wind Tender to Enhance Developer Participation
Lithuania’s National Energy Regulatory Council (NERC) has temporarily suspended the procedures for the second offshore wind farm tender, following a government decision on September 6. The tender, first launched in November 2024, aims to select a developer for a 700 MW offshore wind farm located about 30 kilometers off the Baltic Sea coast. The suspension…
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Deep Dive: Lithuania’s Hydrogen Ecosystem – Strategically Positioned for Exports and with Strong Political Support
At the heart of Lithuania’s hydrogen ambitions is the Lithuanian National Energy Independence Strategy, adopted in June 2024, foreseeing hydrogen sector as a cornerstone of renewables driven and export orientated energy system. It is strongly underpinned by existing industrial consumers and dynamically developing renewables generation capacities, dominated by onshore wind and solar projects, the generated electricity…
