Green Genius wins permits for 200 MW of solar in Baltic states

Lithuanian renewables developer Green Genius, part of Modus Group, has obtained permits for the construction of roughly 200 MW of solar photovoltaic (PV) parks in Lithuania and Latvia.

The projects represent a combined investment of EUR 179 million (USD 191.2m), the company said on Thursday.

In Lithuania, Green Genius will build a 78-MW solar park near Seduva, in the central-north region of the Baltic country, at a cost of EUR 70 million. The plant will cover a total area of over 140 hectares.

The vicinity of Jekabpils city in Central-South Latvia, meanwhile, will become home to a 120.8-MW complex spanning 153 hectares. This project will require around EUR 109 million to be installed.

Construction works in both countries are due to be launched by the middle of next year. The solar farms should kick off commercial operations in 2025 and generate electricity for commercial customers. Their combined annual output is expected to be 245 GWh, equal to the electricity demand of almost 82,000 homes.

"Each of the large-scale projects will be of great importance in decentralizing the energy sources and strengthening the energy independence of the entire region," said Simonas Sileikis, head of Solar Business at Green Genius. He added that the company will rely on its experience gained from developing large-scale solar projects in Western European countries, mainly Spain and Italy.

Green Genius has over 2 GW of projects in development and under construction in its pipeline across eight 8 European countries.

(EUR 1.0 = USD 1.068)

Choose your newsletter by Renewables Now. Join for free!