Nauseda invites US energy company Holtec to invest in Lithuania

VILNIUS – President Gitanas Nauseda, on a visit to Philadelphia, has invited the US energy company Holtec to invest in Lithuania.

Nauseda met with Holtec International President Kris Singh on Saturday and invited the company "to invest in Lithuania and set up a service center division, as well as to cooperate closely with Lithuanian energy scientists", the Lithuanian president's office has said in a press release. 

Nauseda and Singh "discussed global energy trends and technologies developed by Holtec". 

The president "pointed out that Lithuania had achieved full independence from Russian energy imports and was investing in diversified energy sources, green energy, and moving towards reducing the use of fossil fuels."

"Lithuania is moving steadily towards more sustainable and greener energy based on ambitious plans, and aims to diversify its energy sources to the greatest extent possible," he was quoted as saying in the press release.

According to Nauseda, the most ambitious renewable energy projects currently under development in Lithuania include two offshore wind farm projects to be completed by 2030.

"The president underlined that Lithuania was working to balance wind and solar electricity and was interested in introducing new technologies to achieve this," according to the press release.