Evecon bags EUR 20m in debt for Lithuanian PV portfolio
May 16, 2024 6:56 CESTDanish solar company Nordic Solar A/S on Thursday inaugurated a 100-MWp solar farm in the Lithuanian town of Moletai, toasting to its first investment in the Baltic country.
Moletai is both Nordic Solar’s and Lithuania’s largest solar farm to date, the Danish firm said.
“This investment is not the only Nordic Solar investment in Lithuania. We have already started the construction phase for a 80 MWp plant, and we also plan to construct an even larger plant in 2026-27,” commented Nikolaj Holtet Hoff, CEO of Nordic Solar.
Assembled with bifacial solar panels, the already grid-connected plant has enough capacity to meet the annual consumption of around 28,000 European households. Nordic Solar previously signed a balancing agreement with Estonia’s Enefit Green AS (TAL:EGR1T), which will purchase all electricity generated by the Moletai facility.
“We are happy that after the start of electricity production in the Moletai, Svencionys and Jonava solar parks of "Nordic Solar", the national installed capacity of solar power plants will increase by as much as 9 percent, and renewable energy will be able to reach more than 200,000 households", added Lithuania’s deputy minister of energy Daiva Garbaliauskaite.
Evecon bags EUR 20m in debt for Lithuanian PV portfolio
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