Did renewables play a significant role in the Lithuanian electricity sector?

A concession agreement was signed in the following year ( Ministry of Energy, 2012 ). Here it needs to be highlighted that in the years leading to the new strategy, renewables already played a significant role in the Lithuanian electricity sector (see Fig. 1 ).

How many Lithuania-based companies are there?

Explore more than 194,287 Lithuania-based companies available in the HitHorizons database and see top industries and biggest players with highest sales and number of employees. According to our database, a total of more than 194,287 businesses are registered in Lithuania .

How has Lithuania developed its IT industry & infrastructure?

In the past 10 years, Lithuania has developed its IT industry and infrastructure. Projects like e-Lithuania, e-residency, and VR Lithuania, among others, transformed the country into a fully digitalized hub in the Baltic region.

What are the main sectors of RES development in Lithuania?

According to the National Energy Independence Strategy, there are three main sectors, where the development of RES is planned and accounted for in the National statistics of Lithuania: the electricity sector, the district heating/cooling sector, and the transport sector.

What is Lithuania's energy strategy?

The Strategy has 4 main objectives – to ensure a secure and reliable supply of energy to all consumers, to achieve 100% climate-neutral energy for Lithuania and the region, to transition to an electricity economy and develop a high value-added energy industry, as well as to ensure the accessibility of energy resources for consumers.

Is energy security the biggest challenge for Lithuania?

Both coalitions agreed on the importance of energy security being ‘the biggest challenge for Lithuania’, ‘of the highest importance in the security politics’ and ‘the most vulnerable and sensitive part of Lithuania’ ( Digrytė, 2009; Lietuvos Rytas, 2010; Nacickaitė, 2010 ).