Renewable energy developer Green Genius will purchase green energy from a wind farm in Lithuania.
The new, 85 megawatts (MW) wind farm in which the company will invest over 100 million euros is going to account for around 13 per cent of the country’s current wind power portfolio. The project is planned to be implemented without state subsidies.
“[…] These are our first essential steps in the wind energy sector. We care about a clean future, so we plan to offer attractive products to our consumers by combining renewable energy sources. We are also happy to be making a significant investment in Lithuania. Green Genius aims to help consumers eliminate polluting technologies by offering 100 per cent renewable energy of different sustainable technologies combined”, underscored Green Genius CEO, Ruslan Sklepovič.
The instalment of 15 wind turbines, each with a 5 MW capacity will be completed by the summer of 2024. According to Green Genius, the design of the farm will allow the continuation of agricultural activities around it.
By 2050, more than half of Lithuania’s energy is estimated to be generated by offshore and onshore wind farms.
“To achieve Lithuania’s energy independence and stability of electricity prices, it is necessary to develop renewable energy rapidly. Both wind and sun, and hydrogen in the future, are the areas we need to focus on. It is gratifying that the first steps of Green Genius in wind energy are being taken in Lithuania”, Darius Biekša, Wind and Green Hydrogen Business Manager at Green Genius emphasised.
Green Genius is considering expanding in the Latvian and Polish markets. In 2024, the company intends to launch a pilot project for green hydrogen, and plans for pilot storage solutions.