The solar park has a production capacity of 100 MWp, which corresponds to the annual consumption of approximately 28,000 European households. With its size and capacity, the new solar park is a milestone on Nordic Solar's growth journey.
Nordic Solar currently has solar parks in nine European countries. These solar parks have a combined production capacity of approximately 390 MWp.
"The new solar park in Moletai in Lithuania is accentuating an important part of Nordic Solar's growth journey. We're passing a milestone with the current construction of our biggest solar park to date and its large capacity for generation of solar energy.
"Lithuania is an important market for us to enter as it is an EU and Euro country, and we see beneficial synergy between the demand for more renewable energy, the focus on strengthening the local energy supply and our approach. The project in Moletai is well suited to our ambitions of entering an earlier stage of the value chain where we can be more involved in both the design and construction of each solar park to a greater extent.
"We are excited about contributing to the local transition to renewable energy in Lithuania where solar energy can make a difference" says Nikolaj Holtet Hoff, CEO of Nordic Solar.
Nordic Solar's Own Patented Solution Will Further Optimize Energy Production
Nordic Solar has designed the solar park, which will consist of more than 150,000 solar panels mounted on Nordic Solar's proprietary steel structure. The solution is designed to increase energy production from the back of the solar panels because the construction ensures minimal shade and captures the sun's energy efficiently. Nordic Solar has obtained a European patent for the solution, which, in addition to the new solar park in Lithuania, is also used in the company's Danish solar park in Lysabild on Als.
Furthermore, Nordic Solar is establishing the solar park with a focus on combining solar energy production with measures to benefit the plant and animal life in the area.
"We cooperate with local biologists on implementing various initiatives in the solar park, which alongside the solar energy production will help ensure a healthy environment for plant and animal life. We want to contribute with initiatives which will help promote biodiversity, so this has been included in the design of the solar park in Moletai from the very beginning," says Glenn Aagesen, COO of Nordic Solar.
The solar park in Moletai is expected to be completed in the first half of 2024.
