aA
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
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“.
|Populiariausi straipsniai ir video

Number of workplace deaths down by one-third

The number of workplace deaths in Lithuania shrank by 33 percent, or 7 cases, in the first half of...

Unique integrated health monitoring system for stroke survivors patented in Lithuania

Group of biomedical engineers from biotech company Gruppo Fos Lithuania together with researchers at...

President hopes for fair distribution of EU recovery fund

Increased financing for the European Union’s (EU) cohesion policy is one of the biggest expectations...

Lithuanian Airports regain their tempo

The three international airports of Lithuania summarised the results of the second quarter and...

Vilnius approved works of arrangement of the environment of the Palace of Concerts and Sports

The Vilnius City Council approved a joint activity agreement between the Vilnius City Administration...

Top news

Minister: facemasks to become mandatory again if coronavirus cases spike

The Lithuanian government would consider making facemasks mandatory in public again if coronavirus...

Nauseda congratulates Duda on re-election

Lithuanian President Gitanas Nauseda on Monday congratulated Polish President Andrzej Duda on his...

5 new coronavirus cases

On Sunday, 5 new coronavirus cases were recorded in Lithuania. Overall, it adds to 1874 confirmed...

Polish voters in Vilnius support Trzaskowski by large margin

A large majority of Polish citizens who cast their votes in Vilnius in Poland 's presidential...

Grand Courtyard of the Seimas opens to the public

From Monday, 13 July 2020, the Grand Courtyard of the Seimas will be opened to the public....

|Maža didelių žinių kaina