Green Genius has obtained permits to build solar power plants in Lithuania and Latvia, totalling nearly 200MW of capacity.
The company will install a 78MW solar power plant near Seduva, in Lithuania and a 121MW project in Latvia.
The construction of both power plants is planned to start by mid-2024 for them to be operational in 2025.
The solar power plant in Seduva will be built on 140 hectares of land and Green Genius will invest €70m in its construction.
The solar farm in Latvia, near the city of Jekabpils, will occupy an area of 153 hectares and Green Genius intends to invest €109m.
Head of solar business at Green Genius Simonas Sileikis said: “The markets in the Baltic countries have reached a certain new stage of maturity when new opportunities to develop large-scale projects arise alongside the development of usual smaller-scale solar parks.
“Each of the large-scale projects will be of great importance in decentralising the energy sources and strengthening the energy independence of the entire region.
“So far, Green Genius has been developing large-scale projects only in Western European countries, mainly Spain and Italy.
“The opportunity to apply this experience and knowledge to the Baltic region seems extremely meaningful to me.”