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INVL Renewable Energy Fund I-managed REFI Sun raised more than EUR 5 million in public bond offering
REFI Sun, a company owned by INVL Renewable Energy Fund I, which is managed by INVL Asset Management, the leading alternative asset manager in the Baltics, raised more than EUR 5 million euros in a public offering of bonds. The money, which was raised from investors in the Baltic countries, will be used to finance…
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Lithuania Boosts Renewable Energy Output by 16% in Q3 2025 — Local Generation Covers 70% of Electricity Demand
Lithuania’s electricity transmission system operator “Litgrid” has published the country’s electricity system indicators for July–September 2025. In the third quarter of this year, electricity production in Lithuania increased by 16% compared to the same period last year. Local generation covered 70% of Lithuania’s electricity demand, with renewable energy sources accounting for 73% of total domestic production. In the third quarter of 2025, 2.135 TWh of electricity was produced in Lithuania — 16%…
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Klaipėda Port Advances Green Hydrogen Production with Volvo Trucks Partnership
As Europe accelerates its transition to low-emission transport, the Port of Klaipėda is preparing to produce green hydrogen on-site from next year. The project, led by the Klaipėda State Seaport Authority, is unique in Lithuania and among neighbouring countries, and is expanding its network of partners to integrate hydrogen into transport and logistics systems. A new partnership with Volvo Trucks Lithuania marks…
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Lithuanian TSO Litgrid Strengthens Energy Infrastructure at Home and Abroad
Lithuania’s electricity transmission system operator Litgrid continues to advance both domestic and international energy resilience projects. The company has announced a public tender for the reconstruction of key transmission lines in northern Lithuania and has also delivered a fourth high-voltage autotransformer to Ukraine, supporting efforts to rebuild its war-damaged electricity network. Modernising Northern Lithuania’s Transmission Network Litgrid has…
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Low Renewable Generation and Transmission Constraints Drive Lithuanian Power Price Surge
Cool and overcast weather last week increased electricity consumption and led to low solar power generation. Calm weather on Sunday evening and this morning caused electricity price spikes. Due to maintenance work at the Kruonis transformer substation, electricity trading between the Baltic States and the Nordic countries has been restricted until October 30. Between October 13–19, the average weekly wholesale electricity…
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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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EU Council Adopts Historic REPowerEU Regulation to Phase Out Russian Gas
In recent years, the European Union has made decisive progress toward ending its dependence on Russian energy. On 6 May 2025, the European Commission unveiled a comprehensive roadmap outlining plans to completely phase out Russian gas, oil, and nuclear imports while safeguarding energy supply stability. This was followed by a formal proposal on 17 June…
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From Klaipėda to Akmenė: ESO’s newly created “corridor” will allow the transport of oversized cargo without power shutdowns
Lithuanian TSO “Energijos skirstymo operatorius” (ESO), together with one of the world’s largest wind turbine manufacturers, the Danish company Vestas, has established a “corridor” stretching from Klaipėda to the Latvian border, enabling the transport of oversized cargo without interrupting electricity supply. In sixteen locations across the Samogitia (Žemaitija) region, ESO replaced overhead power lines crossing roads…
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Decarbonising Lithuanian Industry: Policy, Projects & Players
Lithuania is making strong strides toward decarbonising its industry through a combination of ambitious policy, green‑investment projects, growing cleantech capacity, and evolving regulatory frameworks. Key sectors — energy, transport, heavy manufacturing — are at the centre of the transition, supported by public funding, EU programmes, and private sector innovation. Key Policies & Legal / Regulatory…
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Amber Grid and EEX have completed the transfer of GET Baltic’s operations
European Energy Exchange AG (EEX) and the Lithuanian gas transmission system operator Amber Grid have completed the strategic process started back in 2023 – the transfer of shares of GET Baltic to the partner that won the international public tender. In the first phase, in 2023, after approval from Amber Grid’s board and shareholders’ meeting,…
