The minister announced this on his Facebook account on Tuesday after a meeting with the head of the company, Torsten Merkel.
“Today I met with representatives of N1 Capital. The company is considering investing in green hydrogen projects in Lithuania – building electrolysis capacities of up to 500 MW”, wrote D. Kreivys.
According to him, N1 Capital is already developing similar projects in Germany, Slovakia and other European countries.
“I presented the planned financing measures, as well as the aspiration to establish dynamic tariffs for all large flexible electricity consumers. This should encourage investment in green hydrogen projects in Lithuania and create competitive conditions in our country,” said the minister.
“N1 Capital” told BNS on Tuesday that it is assessing the possibilities of implementing such projects in Lithuania, but that it will be able to officially comment on it most likely in the second quarter of 2025.
“We are really exploring the environment in which green hydrogen projects could be implemented in Lithuania and we see the potential of this industry in your country. However, this process is still at the initial stage,” the company told BNS.
N1 Capital announces on its website that it aims to install more than 3 gigawatts (GW) of electrolysis capacity in Eastern Europe and Ukraine, utilizing existing gas and electricity infrastructure and competitive renewable energy resources.
“We focus on projects in the Baltic States, the Balkans and Eastern Europe, including Ukraine,” says N1 Capital.
The company claims to have developed solar, wind and hydrogen projects in Europe, North and South America with a total investment of more than 500 million. euros.
N1 Capital says it is currently developing more than 1GW of green hydrogen, 800MW of solar and 300MW of wind power projects located near European hydrogen corridors.
According to the Registry Center, “N1 Capital” has established three companies “N1 LT I”, “N1 LT II” and “N1 LT III” in Lithuania in 2023 and 2024, whose activity is the development of renewable energy. They are headed by Anton Victor Shihoff, an Irish citizen.
Ignitis grupė also plans to develop the production of green hydrogen and its products in Lithuania, using the infrastructure of the Lithuanian power plant. In Elektrėni, around 2030, a 1 GW electrolysis facility could appear, which could produce up to 100,000 tons per year. tons of hydrogen.
Oil import and processing company “Orlen Lietuva” is also planning investments in hydrogen technologies.
The Danish renewable energy company “European Energy” was also looking for a place for the green hydrogen and methanol plant, which had previously considered building it in the Darbėnai borough in the Kretinga district.
At that time, Jonava’s nitrogen fertilizer factory “Achema” recently postponed the green hydrogen production project and will no longer use the already allocated 122 million. euro European support. Before that, Achema planned to build a 213 MW facility for the production of green hydrogen by the fall of 2027.
In the hydrogen development guidelines approved by the government in April, it is planned to aim for the installation of at least 1300 MW of electrolysis equipment in the country by 2030, with 129 thousand produced per year. tons of green hydrogen.
At that time, in 2050, the capacity of electrolysis should reach 8,500 MW, the volume of green hydrogen production – 732 thousand. tons, of which 44 thousand tons could be exported.
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#Kreivys #Irish #Capital #plans #hydrogen #production #capacity #Lithuania #Business
**Interview with Darius Kreivys, Minister of Energy of Lithuania**
**Editor:** Thank you, Minister Kreivys, for joining us today. You recently announced a meeting with N1 Capital regarding potential investments in green hydrogen projects in Lithuania. Can you share more about the significance of this meeting?
**Darius Kreivys:** Thank you for having me. The meeting with N1 Capital is pivotal for Lithuania as we explore avenues for sustainable energy. N1 Capital is well-versed in developing green hydrogen projects in various European countries, and they are considering bringing that expertise to our nation. The proposed capacity of up to 500 MW for electrolysis is substantial and could position Lithuania as a leader in the green hydrogen sector.
**Editor:** What specific measures did you present to N1 Capital to encourage their investment?
**Darius Kreivys:** I discussed our planned financing measures and the ambition to establish dynamic tariffs for large, flexible electricity consumers. These strategies aim to create a competitive environment for green hydrogen projects, making Lithuania an attractive destination for such investments.
**Editor:** N1 Capital has mentioned they are at the initial stage of evaluating projects in Lithuania. What steps will the government take to support their assessment process?
**Darius Kreivys:** We are committed to creating a supportive regulatory framework that promotes investment in renewable energy. This includes simplifying permitting processes, ensuring access to existing infrastructure, and collaborating with stakeholders to identify the optimal conditions for project development.
**Editor:** N1 Capital has a considerable footprint in countries like Germany and Slovakia. How do you see their involvement impacting the energy landscape in Lithuania?
**Darius Kreivys:** Their involvement could significantly enhance our renewable energy capabilities, particularly in green hydrogen production. It aligns with our national energy goals and could lead to the creation of jobs, technological advancements, and increased energy security for Lithuania.
**Editor:** What other initiatives are underway in Lithuania related to green hydrogen aside from N1 Capital’s potential projects?
**Darius Kreivys:** We are also seeing initiatives from Ignitis grupė to develop green hydrogen production, with plans for a 1 GW electrolysis facility in Elektrėnai by 2030. Additionally, Orlen Lietuva is exploring investment opportunities in this sector, which indicates a growing interest in hydrogen technologies across various players in the Lithuanian market.
**Editor:** Thank you, Minister Kreivys, for shedding light on this exciting development. It seems Lithuania is on a promising path towards becoming a hub for green hydrogen projects.
**Darius Kreivys:** Thank you. We are optimistic about the future and are dedicated to fostering an environment conducive to sustainable energy innovations.