Solar panel purchase costs in Latvia

Does Lithuania have a solar power target?

In the Draft Updated NECP , Lithuania has raised its 2030 solar power capacity target by 500 %, aiming for 5.1 GW. Latvia aims to increase the share of renewable energy to 50 % by 2030, but the current NECP does not include specific solar targets.

Do PV systems provide energy independence in the Baltic states?

Despite the PV installed capacity and the increase in energy production in the Baltic States, the existing capacities are insufficient to ensure complete energy independence. Table 1 shows the generators of electricity production from PV systems in 2022. Table 1. Overview of the generators of electricity production from PV systems in 2022 [24, 25].

How much solar energy does the Baltic region have in 2022?

Between 2022 and 2024, the expansion of solar energy production across the Baltic region has exceeded even the most optimistic forecasts. By June of 2024, Estonia's total installed solar capacity reached 879 MW, Lithuania attained 1.2 GW, and Latvia added nearly 500 MW.

Why is solar energy growing in the Baltic states?

In recent years, the Baltic states have witnessed a significant surge in solar energy production as the region endeavors to reduce its longstanding energy dependence on Russia in light of escalating security concerns, while simultaneously maintaining a strong commitment to the transition toward green energy.