Lithuania plans to hold one renewable energy auction every year in 2020–2022, and each of it will distribute 0.7 TWh of electricity.
Vėjo jėgainė
© Shutterstock

The Ministry of Energy said on Monday it had submitted a schedule of quota distribution auctions for the government's approval.

"Our goal is to bring as much clarity and transparency to those investing in green energy in Lithuania as possible and to have as many auction participants and as much of competition as possible. The approved auction schedule will allow investors to evaluate their possibilities and properly prepare for all auctions," Energy Minister Zygimantas Vaiciunas said in a statement.

According to the ministry, Lithuania will reach its goal of having 38 percent of the electricity used in the country made from renewable sources by 2025, once the whole electricity volume is distributed.

The first so-called technologically-neutral auction was announced on Sep 2, with 0.3 TWh of electricity to be distributed.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Finance minister: Facebook cryptocurrency needs global solution

Facebook 's plans to issue its cryptocurrency , the Libra, as well as plans by other companies on...

Dutch chain eyes Lithuania

Dutch retail chain Spar International has registered two brands, Eurospar and Interspar , in...

Border guards allowed to continue CCTV tender worth EUR 2.5 mln

A Lithuanian court has allowed the country's State Border Guard Service to continue its tender ,...

Lithuanian financial firm takes over Danske Bank's investment portfolio in Estonia

Lithuanian financial firm Orion Securities is taking over Danske Bank 's investment portfolio in...

Achema loses EU court case over state aid for Klaipeda LNG terminal

The EU General Court on Thursday rejected an appeal by Achema , a Lithuanian fertilizer producer...