Luxembourg and Lithuania to implement an agreement on cooperation in renewable energy

Date

2019 03 04

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While implementing a bilateral agreement between Luxembourg and Lithuania on cooperation in renewable energy, Lithuania transfers to Luxembourg a share of renewable energy statistics for a consideration of over EUR 8 million.

In October of 2017, both countries signed an agreement, which provides, that Lithuania would transfer a share of statistical excess amount of energy from renewable sources in 2018–2020. By 2020 Luxembourg will acquire RES statistics from Lithuania for no less than EUR 10 million. During the first stage Lithuania will transfer 550 GWh of statistical amount.

“Luxembourg and Lithuania were the first EU members states to have signed such an agreement. Now we are putting it in practice and it will demonstrate the successful sharing of progress in renewable energy. Such cooperation is important and meaningful not only to the states, but also to the entire EU, which has ambitious renewable energy goals,” said Lithuanian Minister of Energy Žygimantas Vaičiūnas.

“I am truly happy, that our agreement concretized now with very interesting projects to develop the renewables sector in Lithuania. This is in the interest of Lithuanian citizens, but also European and Luxembourgish people,” told Claude Turmes, Minister for Energy and Spatial Planning of Luxembourg.

Lithuania, which has been rapidly developing green energy, achieved the EU targets back in 2014. A renewable energy share is planned to reach approx. 30 percent in Lithuania’s gross final energy consumption by 2020.

Lithuania will invest the funds received into the development of the renewable energy in order to reach the targets stipulated in the National Energy Independence Strategy. These funds are planned to be allocated to small-scale green energy, promotion of renewable energy communities and scientific research.

In accordance with the EU legislation, states which have achieved the European targets in renewable energy may cooperate with other states, which have a lower potential to develop renewable energy due to various circumstances, for example, geographical location or limited natural resources. The states taking the lead in RES development may transfer some of their achievements to other states. This is the so-called statistical energy transfer.

This week, the ministers of energy of Luxembourg and Lithuania also addressed the EC urging to set even more ambitious goals in renewable energy in order to tackle the sensitive issues of climate change and ensure sustainable energy to future generations. The letter, supported by Austria and Ireland, states that the EC Communication “A Clean Planet for All” must establish a goal to reach 100 percent of RES in the EU by 2050.

Lithuania’s National Energy Independence Strategy provides, that by 2050 all electrical and heat energy consumed in Lithuania will be generated from renewable and clean sources.