European Commission approves €385 million support for production of electricity from renewable sources in Lithuania
The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types of renewable generation, will contribute to the EU environmental objectives without unduly distorting competition. Commissioner Margrethe Vestager, in charge of competition policy, said: “The scheme will contribute to Lithuania's transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules."
On 1 May 2019, Lithuania will introduce a new aid scheme to support installations generating electricity from renewable sources such as wind, solar or hydropower. The scheme will help Lithuania reach its national target share of renewable energy sources in gross final energy consumption, which has been set at 38% by 2025. The renewable energy scheme will be applicable until 1 July 2025 or, alternatively, until the 38% target is reached.
Read more: en.delfi.lt/business/european-commission-approves-385-million-support-for-production-of-electricity-from-renewable-sources-in-lithuania.d