Investment for Green Transition
Lithuania will see investments into green energy totalling EUR 10 billion by 2030 including about EUR 3.5 billion of investment from the private sector and significant financing from the European Union funds as the country will bring forward its target for using only green power to 2035, 15 years earlier than initially planned in line with the European Commission's "Fit for 55" plan.
Among the total budget, EUR 1.5 billion will be spent to upgrade the country’s power grid for renewables including installing batteries to balance power peaks. Developing offshore wind farms this decade will be another important component of the Green Transition.
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