Energy, EU – Baltic States, Good for Business, Investments, Lithuania
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 19:40
Ignitis to invest EUR 950 mln in green energy in Baltics, Poland
A strategy document of Ignitis Group calls for an increase in green energy capacity from the present 1.1 gigawatts to 1.6-1.8 gigawatts by 2023, Ignitis announced on Tuesday.
According to the updated long-term strategy, the company will raise its generating capacity based on resources of renewable energy to 4 gigawatts by 2030.
The investments will be made in wind, solar, hydro, waste and biomass powered plants and other green energy solutions in Estonia, Latvia, Lithuania and Poland.
Ignitis' renewable energy capacity in Estonia amounted to 0.7 gigawatts is 2019 and is expected to rise to 1.9 gigawatts by 2030.
The new strategy also calls for achieving carbon neutrality by 2050, which is consistent with the goals set by the UN.
Ignitis is a Baltic energy group whose companies are active in the generation, distribution and sale of energy and development of energy solutions. The company owns two hydroelectric power plants in Lithuania, four wind farms in Lithuania and Estonia and a biomass fueled station in Lithuania.
- 28.01.2022 BONO aims at a billion!
- 26.08.2021 LLC Dizozols Investments finalizes investment attraction deal with Crowdestor with record-high profits
- 13.02.2021 Моя жизнь в газете. Очерки по новейшей истории Латвии. Глава 1
- 30.12.2020 Накануне 25-летия Балтийский курс/The Baltic Course уходит с рынка деловых СМИ
- 30.12.2020 On the verge of its 25th anniversary, The Baltic Course leaves business media market
- 30.12.2020 Business Education Plus предлагает анонсы бизнес-обучений в январе-феврале 2021 года
- 30.12.2020 Hotels showing strong interest in providing self-isolation service
- 30.12.2020 EU to buy additional 100 mln doses of coronavirus vaccine
- 30.12.2020 ЕС закупит 100 млн. дополнительных доз вакцины Biontech и Pfizer
- 29.12.2020 Latvia to impose curfew, state of emergency to be extended until February 7