Luxembourg and Lithuania Sign Energy Agreement

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Last week Lithuania and Luxembourg signed an agreement on a so-called statistical transfer of renewable energy. Under this agreement Lithuania will sell a specified amount of renewable energy to Luxembourg between 2018 and 2020.

It is the first time that this cooperation mechanism is used by EU Member States to implement and fulfill the objectives of the EU Renewable Energy Directive. The statistical transfer is an administrative exercise. It will increase the volume of renewable energy in final energy consumption on paper in Luxembourg without adding to it in Lithuania. The agreement will help Luxembourg meet its binding EU 2020 target for renewable energy of 11%. In 2015 the share of renewable energy in Luxembourg stood at 5%. In Lithuania the share of... ... More: Official Press Release WindEurope

Keywords:

Lithuania, Luxembourg, cooperation, transfer