Nordic Solar & Swedbank backed 80 MW PV park in Sweden

Swedbank and Nordic Solar secured financing for an 80 MW solar park in Švenčionys, following the earlier 100 MW project commissioned in Molètai, Lithuania.

By Prudhvi Rani 08 Apr 2025 in EMEA Bytes Business Bytes

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Švenčionys solar park by Nordic Solar used a patented substructure for bifacial modules to enhance energy yield. Image Source: Nordic Solar

Denmark-based Nordic Solar and Swedbank has signed a non-recourse financing agreement for an 80 MW solar park under construction in Švenčionys, Lithuania, expected to be grid-connected in spring 2025. The project followed the 100 MW Molètai solar park, commissioned in 2024. Both projects aimed to strengthen Lithuania’s energy self-sufficiency by increasing local solar output and reducing energy imports. The Švenčionys plant was designed to supply power to over 35,000 households. Financing was disbursed prior to construction completion. Nordic Solar used its patented steel substructure with bifacial modules in both sites to enhance radiation capture and optimize energy yield.

#Lithuania #SolarPark #Swedbank #NordicSolar

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