Earlier this year, the Lithuanian Ministry of Energy issued a call for at least 800 MWh of energy storage but ultimately approved support to five times that capacity.
Lithuania has concluded its latest energy storage procurement round with plans to deploy 1.7 GW/4 GWh, five times its initial 800 MWh target, to strengthen grid flexibility and reliability.
The combined investment from the two banks totals €64 million ($74.7 million) and will be put towards the development of two new solar farms in Lithuania each with a capacity of 91 MW.
Lithuania added 240 MW of solar in the first half of 2025, pushing cumulative capacity past 2 GW, with residential systems making up more than half of the total.
Lithuania’s Solitek has launched full-black 425 W bifacial solar modules with matte, satin-textured glass for glare-sensitive sites such as airports, road barriers, and buildings.
The Lithuanian Ministry of Energy and Environment has approved additional funding for its energy storage procurement program after strong interest from potential beneficiaries. Meanwhile, Trina Storage has secured the first 180 MWh of battery projects in the country under its new gigawatt-hour-scale battery energy storage system (BESS) portfolio in the Baltics.
Lithuania added record solar capacity in 2024, pushing cumulative installations to nearly 2 GW, driven largely by residential systems and a favorable regulatory framework.
A study estimating the economic viability of rooftop solar in Estonia, Latvia and Lithuania forecasts the levelized cost of electricity (LCOE) for PV systems in the Baltic States at between €0.08 ($0.087) and €0.09/kWh by 2050 at a 6% discount rate.
Hyundai Motor says it plans to build its first hydrogen fuel cell systems plant in South Korea by 2028, pending union consultations, expanding beyond its existing facility in China.
Only a day before cutting ties with the Russian power grid, Lithuania announced the launch of a major energy storage procurement exercise.
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