Lithuania and Flanders to strengthen cooperation in the field of renewable energy

Date

2020 11 19

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On the 19 November 2020 the Lithuanian minister of Energy Žygimantas Vaičiūnas and Flemish minister of Energy,  Zuhal Demir signed a Memorandum of Understanding (MoU), confirming their joint commitment to strengthen cooperation in the area of renewable energy. Through this MoU both ministers express their strong interest in  promoting renewable energy technologies and identify joint opportunities.

The objective is to explore and realise concrete joint investments in renewable energy initiatives and more specifically to work together on the development of a joint offshore wind project in the Baltic Sea. The MoU builds the ground for a long-term cooperation between Flanders and Lithuania in the renewable energy domain.

“Lithuania as a leader in the region in terms of renewable energy development successfully continues cooperation with other EU countries. I believe that strong cooperation can help us fully exploit renewables potentials in more cost-effectively way and create true win-win situations. As EU raises climate ambition targets it is the perfect time to start building new joint initiatives in the area of renewable energy. Moreover, this cooperation is also instrumental in optimizing investments by exploiting potential of EU financial opportunities”, - says acting Minister of Energy Žygimantas Vaičiūnas.

“I am very pleased we will strengthen our cooperation with Lithuania in the field of renewable energy. This cooperation will enable the Flemish region to reach its policy objectives in a more cost effective way, since the potential for renewable energy in Flanders is rather limited due to inter alia the high population density and the limited remaining available space for wind energy. With this partnership, both countries would benefit from the economic opportunities that new renewable energy projects offer. I hope the know-how, expertise and international experience available in the Flemish private sector will also contribute to the success of this MoU”, - says Minister Demir.  

Lithuania and Flanders are fully committed to comply with their short and mid-term renewable energy goals, as outlined in their respective Energy and Climate Plans, by developing additional renewable capacity on their respective territories. In order to achieve the ambitious European renewable targets in the most cost effective way, the European legislation encourages active cooperation between member states on the development of renewable energy technologies. By engaging in joint projects member states and regions with a smaller renewable energy potential would  be able to achieve their targets in a more cost effective way.. In this context the strengthened cooperation between Flanders and Lithuania aims at generating investment and creating additional offshore wind capacity in the Baltic Sea.

These concrete initiatives would at the same time contribute to both countries compliance with the post-2020 renewable targets, while providing economic, environmental and social co-benefits in terms of job creation and enhancing security of supply.