Lithuania’s Ministry of Energy will allocate an additional 2.4 million euro in financing from the Cohesion Fund for people who want to install solar power plants.
After evaluation of the applications submitted in April, 1.5 million euro was allocated to 881 people for the purchase of solar power plants from power farms. The option of installing a personal solar power plant on the roof of a house or in another proprietary area has become very popular. A total of 4,050 such applications passed evaluation and the 11 million euro requested exceeds the pre-planned amount of support.
Currently, 1,550 applicants have already secured support for the installation of their own solar power plant, while another 2,500 applicants have been placed on a reserve list and will be provided with support as soon as the additional funds are allocated. This may take about a month.
“Seeing how much interest there is, the Ministry has already started the process of increasing funding for residents who would like to produce green electricity in their own homes,” said Vice-Minister of Energy Daiva Garbaliauskaitė. “So the amount will be increased in the near future, and everyone whose application passed evaluation and was included in the list of reserve projects will receive funding.”
If all of the personal solar power plants that applications were submitted for were to be installed, an additional 34 megawatts (MW) of solar power plant capacity would be created in Lithuania. The majority of applicants plan to install 10 kilowatts (kW) power plants. This solar power plant capacity would save 20,400 tonnes of CO2 per year.