International green energy company Ignitis Renewables has secured grid connection for a 252 MW installed capacity solar park in the Jonava district, Lithuania. Preliminary, Investments are estimated to reach up to EUR 200 million.
Ignitis Renewables Projektai, a subsidiary of Ignitis Renewables, which is owned by Ignitis Group, on 13 July has signed a letter of intent with electricity transmission system operator Litgrid AB to secure grid capacity in Jonava region for connection of 252 MW installed capacity solar park which is under development.
“Secured grid capacity for the solar power plant which is under development is an important achievement for the entire Ignitis renewables team and a significant milestone as the Group continues to implement its ambitious green generation portfolio expansion. This project is the largest greenfield investment project developed by us so far. Furthermore, in the future we see an additional development potential in this location.
The ability to produce electricity from different renewable energy sources increases the energy independence of the country, helps to solve the challenges of climate change and achieve the goals of sustainable development”, says Thierry Aelens, CEO of Ignitis Renewables.
The solar park is planned to be constructed and start generating electricity by 2025. The park should operate under market conditions. Project implementation also requires receiving over the next few months a permit to develop the electricity generation capacity from National Energy Regulatory Council (NERC).
Ignitis Renewables is a green energy company operating in the Baltic states and Poland. It is responsible for developing onshore and offshore wind, solar energy, biomass and waste-to-energy projects and their further management. The company develops new projects in pursuit of Ignitis Group’s strategic goal to reach 4 GW installed green generation capacity by 2030. The Group’s total onshore wind and solar greenfield projects portfolio now is around 650 MW.