Lithuania

benefits from its central location
in Northern Europe.

HIGH WIND SPEEDS

Excellent wind conditions at the project site in the coastal area of the Baltics (8.2 m/s)

HIGH POLITICAL
& ECONOMICAL STABILITY

Strong projected GDP growth | Membership in the EU, OECD, NATO | Western standards

WELL-DEVELOPED
GRID CONNECTIONS

Energy is traded internationally at Nord Pool Market – Europe’s largest and most liquid power market

AMBITIOUS RENEWABLE
ENERGY GOALS

45 % from renewable energies by 2030 (currently 22 %) | 5 TWh renewable energy production by 2025 (status quo: 2.9 TWh)

Macroeconomy

HIGH POLITICAL &
ECONOMICAL STABILITY

STRONG PROJECTED GDP GROWTH

and low levels of government debt

INVESTMENT GRADE COUNTRY

classified through Moody’s, Fitch, S&P

POLITICALLY STABLE COUNTRY

with membership’s in the EU, OECD, NATO

NO FOREIGN EXCHANGE RISK

due to integration into the EURO-Zone

WESTERN STANDARDS

and transparent business environment

Energy Policy

Lithuania seeks to join the decentralized European power system and to adopt transparent European standards for the power system control. The most important strategic priority of Litgrid (national transmission system operator) is the integration into the European power system.

Achievement of renewable energy targets

45 %

FROM RENEWABLE ENERGIES
BY 2030 (STATUS QUO: 22 %)

5 TWh

OF RENEWABLE ENERGY
PRODUCTION BY 2025
(STATUS QUO: 2.9 TWh)

TOTAL ENERGY CONSUMPTION 2019

12.983 TWh

NET IMPORTS

72 %

9.344 TWh

NET IMPORTS INCREASE

23 %

BETWEEN 2014 (7.623 TWh)
AND 2019 (9.344 TWh)

OWN PRODUCTION

28 %

3.639 TWh

Energy is traded
internationally at
Nord Pool Market.
Europe’s largest
and most liquid
power market.