Renewable energy sources (RES) could meet the country's entire electricity demand this summer, reports the Lithuanian Energy Agency (LEA). LEA analyst Dovydas Balčiūnas notes that the country ranks among Europe's top performers in terms of its ability to provide renewable energy.

„In terms of its ability to meet its electricity demand this summer with solar and wind power alone, Lithuania is only surpassed by Denmark, the Netherlands and Germany“, Balčiūnas said at an energy sector review on Friday.

LEA estimates that Lithuania's peak electricity demand could reach up to 1,700 megawatts (MW) in summer 2024. At that time, according to the agency, solar power plants, which currently have a capacity of 1,518 MW, could meet 89% of demand, while wind power plants, with a capacity of about 1,322 MW, could meet 75%. Thus, solar and wind generation could be about 64% higher than the peak demand.

Also, according to the analyst, based on data for the first five months of 2024, Lithuania has already generated more electricity this year than in the entire 2019-2021 period. If this growth continues, Lithuania is guaranteed to become an electricity exporter by the end of the decade, he said.

„By the end of the decade, we will be an electricity exporter“, he asserted.