Solar Power Plant Acquisition

UAB “Geralda,” the largest candle manufacturer in Lithuania, is implementing a joint project titled “Investment Support for Onshore Solar Power Plants” No. 03-005-J-0001-J04-00154. The project aims to create electricity generation capacity utilizing renewable energy sources, contributing to energy independence and cost savings.

The project is carried out under the economic recovery and resilience plan “New Generation Lithuania,” funded by the European Union’s Recovery and Resilience Facility, “NextGenerationEU.” A total of €37,194 has been allocated for the acquisition and installation of a 99 kW solar power plant. The joint project is administered by the Lithuanian Energy Agency.

Project start date: 2024-11-12.

Estimated project completion date: 2026-01-31.