Lithuania achieves another milestone in solar energy generation and launches a remote solar consumer model. The project is unique as it gives an opportunity to buy or rent a remote solar panel and do all that using one online platform.

The online platform enables consumers to purchase a share of solar energy generated in remote solar panels. It means that people living in one part of the country can use solar energy generated in other parts of the country. The buyer calculates how much energy a household uses and then accordingly buys a share of remotely generated power. Capacities range from 1 kW to 10 kW and feed the electricity produced into the grid to cover their household needs later.

Deividas Varabauskas, CEO of Sun Investment Group, explains why they chose this concept and how it benefits consumers: “The world is eager to contribute to clean energy generation and switch to solar energy. But eagerness is not enough – at this point, we have to act quickly and come up with more efficient solutions. The Lithuanian market was suitable to start our project. Recently Lithuania in pursuit of the EU energy plans passed amendments stating that everyone had the right to generate and use renewable energy sources from remote solar power plants.”

Mr Varabauskas adds that it does not only help Lithuania to move towards climate neutrality, but it is also a practical way for citizens to save money. “An average Lithuanian household needs a 2-3 kW power solar panel. So within a year of using a 2 kW solar panel, a household would approximately save 190 euros, around 930 trees, and reduce CO2 emission by 37 tons. Of course, the return depends on the panel’s size and whether you rent or buy it, but the results are evident,” says the CEO of Sun Investment Group.