Lithuanian energy supplier Green Genius has secured €9.5 million (US$10.07 million) from investment and insurance company INVL towards building 500MW of renewables projects in Romania.
Arctech, a global PV tracker manufacturer, will supply its Skyline tracking solutions to a 78.8MW solar project in Lithuania, to be developed by Danish solar developer European Energy.
Solar electricity generation in the EU grew significantly last year thanks to a rise in adoption in major countries, according to a study conducted by energy think tank Ember.
Lithuanian government-owned utility and renewables developer Ignitis Group has acquired a Latvian renewables company which is developing a 200MW wind and solar project in the country.