Modernisation Fund

Total budget allocation of EUR 43.5 million from the modenisation Fund. The Modernisation Fund, aimed at modernizing energy systems in lower-income EU Member States, includes Lithuania as a beneficiary. Lithuania receives funding to invest in renewable energy projects, with a particular focus on renewable hydrogen. The main goals are to improve energy efficiency, reduce overall energy consumption, and modernize energy networks. These investments are part of Lithuania’s strategy to meet its climate targets and contribute to the European Green Deal objectives. The emphasis on renewable hydrogen is a key component of Lithuania’s transition to a sustainable and low-carbon energy system.

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