Key Market Indicators
Lithuanian renewable energy generation is projected to see a significant uptick in the coming years. By 2028, the Baltic nation is expected to produce approximately 3.6 terawatt-hours (TWh) of renewable energy, up from around 2.8 TWh in 2023. This translates to an average annual growth rate of 4.1%. Since 2006, Lithuania's renewable energy supply has experienced a robust average annual increase of 10.1%. In 2023, the country ranked 26th globally in renewable energy generation, with Croatia surpassing it at the same production level of 2.8 TWh. In the broader European context, the United Kingdom, Spain, and France secured the 2nd, 3rd, and 4th positions, respectively, in the rankings for renewable energy generation.
