Denmark-headquartered solar energy company Nordic Solar says it is building Lithuania's 'largest' solar park to date with 100 MW DC installed capacity. Located in Moletai, the project is also the company's biggest solar park so far.
Earlier in August 2023, Nordic Solar's compatriot European Energy announced a 65 MW AC solar plant in Lithuania's Anyksciai, calling it the largest PV project in the country (see 'Biggest' Solar PV Farm Built To Date In Baltics).
Designed by Nordic Solar, the 100 MW Moletai project will use more than 150,000 solar panels mounted on Nordic Solar's patented steel structure that it says increases energy production from the back of the solar panels as it ensures minimal shade.
On completion in H1/2024, the project will generate enough clean energy to power close to 28,000 European households. It will also add to the Danish company's operational production capacity that currently stands at 390 MW. By 2025, it targets to grow operational PV capacity in its portfolio to around 2 GW and accumulate a pipeline of 4 GW, to be built after 2025.
"Lithuania is an important market for us to enter as it is an EU and Euro country, and we see beneficial synergy between the demand for more renewable energy, the focus on strengthening the local energy supply and our approach," said Nordic Solar CEO Nikolaj Holtet Hoff.
"The project in Moletai is well suited to our ambitions of entering an earlier stage of the value chain where we can be more involved in both the design and construction of each solar park to a greater extent," added Holtet Hoff.
Lithuania is a growing solar market in Europe as it aims to achieve 45% of renewable energy in its electricity mix by 2030, and scale it up to 100% by 2050. At the end of 2022, it had installed a total of 568 MW solar PV capacity, according to the International Renewable Energy Agency (IRENA). By 2030, according to the International Energy Agency (IEA), it aims to lower electricity imports by 30% by investing in local renewable energy generation.