The European Commission (EC) has approved a €385m ($429m) budget for a support scheme for renewable energy in Lithuania. The country, which aims to reach 38% renewable electricity by 2020 and 100% renewables by 2050, will launch its first tender for 0.3 TWh in September. Individual tenders for 0.7 TWh will follow in 2025, 2021 and 2022. The development of Lithuania's wind and solar resources could reduce its reliance on oil and gas imports from Russia, said the Lithuanian Wind Power Association.
The European Commission (EC) has approved a €385m ($429m) budget for a support scheme for renewable energy in Lithuania. The country, which aims to reach 38% renewable electricity by 2025 and 100% renewables by 2050, will launch its first tender for 0.3 TWh in September. Individual tenders for 0.7 TWh will follow in 2020, 2021 and 2022. The development of Lithuania's wind and solar resources could reduce its reliance on oil and gas imports from Russia, said the Lithuanian Wind Power Association.