New electricity distribution tariffs came into force in Latvia on 1 July 2023, LSM reports. Ahead of the change, distribution system operator Sadales Tikls (ST) urged consumers to change the tariff plan for facilities with low electricity consumption. However, ST’s client portal was unavailable due to technical maintenance on 29-30 June 2023. ST said that…
Lithuania’s state-owned energy group, Ignitis Grupe, will invest EUR 25mn in energy and climate change startups over ten years through Germany’s World Fund, Baltic News Network reports. The group has signed an investment management agreement with WF World Fund Management. Earlier, Ignitis Grupe announced that World Fund would manage the group’s second venture capital fund….
Lithuania has submitted a request to the European Commission, seeking a loan of over EUR 1.8bn from the EU’s Recovery and Resilience Facility (RRF) for investments, Baltic News Network reports. Finance Minister Gintare Skaiste said that around EUR 1bn would be allocated for loans to businesses and industry, while an additional EUR 700mn would be…
