2 new members join the Lithuanian Wind Energy Association
The Lithuanian Wind Energy Association (LVEA) continues to grow. Two new members have joined the organisation, which is now in its seventeenth year: the Baltic law firm Triniti Jurex and the international energy giant Total Energies. Both companies have a solid track record in the wind energy sector and w
Renewable energy developers: now is the right time to develop offshore wind farms
Offshore wind energy in Lithuania is taking its first steps, with the Ministry of Energy planning to announce the first auction for a wind farm in the Baltic Sea in September 2023, and to select the winner in early 2024. The Seimas has already approved a proposal to build another offshore wind farm with p
Experts answer whether wind farms can “inflate” high electricity prices
The Nord Pool electricity price trend is showing a lot of hope for renewable energy: as the winds pick up in Scandinavia, there is an immediate positive effect on the price of electricity on the exchange – the more renewable energy is produced, the more the price of electricity falls. For Lithuania
Wind energy experts: Lithuania could become the second Kuwait if it meets one condition
According to the estimates of the Lithuanian Wind Energy Association, about 3.5 gigawatts (GW) of installed capacity of wind projects would be sufficient to meet the electricity needs of the country’s population, which means that the current capacity would need to be increased by a factor of 4-5 tim
Wind energy developers suggest how to significantly accelerate the development of the sector
The current level of wind energy development in the country is insufficient and projects are taking too long to develop, although there are a number of easy ways to fix this, according to wind energy developers. Dissatisfied with the situation in the country’s energy sector, participants identified