Solar and Wind Energy for Municipal Enterprises – still unexpressed potential

Sustainable solutions for the public sector

According to the head of client and funding solutions, Board Member of the Board Giedrė Gečiauskienė, investment in RES projects not only contributes to green goals, but also helps solve specific economic challenges facing public sector companies.

« Public sector companies, just as private, have the opportunity to take advantage of RES loans and implement solar power development projects, which allow to reduce electricity costs and ensure more sustainable operations. This is a great opportunity for both ecological and economic terms, » ​​said G. Gečiauskienė.

The benefits of these projects are also well understood by representatives of municipal enterprises, who are looking for ways to reduce fossil fuel dependence and stabilize service prices for the local population.

« Most municipal enterprises are undergoing high electricity costs every year. Companies that choose to invest in RES, seek to reduce these costs and achieve long -term economic use.

Giedrė Gečiauskienė. Photo by partner

An investment that pays off

According to G. Gečiauskienė, although public sector companies are still cautious about financing for RA projects, there are those who have taken advantage of this opportunity – one of them is a water management company Šakių vandenys in Šakiai district. The company will seek to implement the solar power plant project by using ILTE LEG loans to legal entities. The director of the company Kęstutis Vilkauskas says that the investment in renewable energy sources is the long -term goal of the company.

« Water management companies have to ensure the stability of the service supply and maintain low prices. The largest share of our expenditure is the cost of electricity, which makes solar power plants a very attractive solution, » said K. Vilkauskas.

According to the head of the company, the projects were planned for a long time, but due to limited financial capabilities, their implementation was difficult.

Ilte offered by the installation, construction and purchase of the sun, wind power plants from the park allows you to achieve sustainability goals, help reduce the use of fossil fuel and encourage you to switch to cleaner energy.

« When looking for funding, we first tried to take advantage of the various support opportunities, but they not all met our needs. Ilte offered extremely favorable loan terms, which would allow the project to be implemented without much financial difficulties, » explained K. Vilkauskas.

Company 2025 Signed 40,000 in February. a loan agreement for the installation of two solar power plants. The Loan « Šakių vandenys » plans to use all the basic components of the project – the purchase of solar modules, structures and inverters for connection.

« It is planned that these solar power plants will save about EUR 30,000 a year, as they will be installed in two main areas of our object – sewage treatment plants, where most of the electricity consumes.

Companies do not always take advantage of opportunities

G. Gečiauskienė notes that the public sector’s interest in green energy is slowly growing, but many municipalities are still not well acquainted with the possibility of implementing green energy in their activities. Therefore, Ilte reminds you of opportunities to get funding for sustainable energy projects.

« ILTE offers the installation, construction and purchase of the wind power plants from the park provides the ability to achieve sustainability goals, help reduce the use of fossil fuels and encourage the switch to cleaner energy. These loans reduce the initial investment burden and ensure that these sustainable energy projects are implemented on economically favorable conditions, » said G. Gečiauskienė.

According to the interlocutor, municipal enterprises may be afraid to implement such projects because they seem complicated, they are afraid to assume long -term financial obligations, so hesitant to consult in the case of hesitation.

« We understand that financial planning is an important step for every company. We are here to provide detailed information, consult and help to find an optimal solution that will ensure long -term added value, » said G. Gečiauskienė.

ILTE provides a financial instrument “REE Loans for Legal Entities” For the financing of solar and wind power plants. A total of $ 572 million is allocated to the measure. And the loan period can be up to 20 years. The borrower or a group of enterprises (if the borrower owns a group of companies) may be granted several loans, but their total amount may not exceed 100 million. Eur. The loan or part of it can be repaid earlier without any additional charges.