Project Title: UAB “Newon Food” 250 kW Renewable Energy Power Plant No. 02-011-K-0055

Project Implementer: UAB “Newon Food”

Project Value: EUR 216,767

Allocated Funding: EUR 102,690

Project Start Date: 2023-07-19

Expected Project Completion Date: 2025-07-31

UAB “Newon Food” develops a wide range of homogenized and dietary food products with functional food properties. The company continuously invests in new equipment and expands its operations. In 2023, it plans to create a series of new products with functional food properties, participate in exhibitions and trade fairs, and increase production and export volumes to the European Union and other countries.

The growing energy consumption, development of new production technologies and capacities, production growth, and expansion of product consumers and markets set the goal to optimize energy usage. With electricity prices more than doubling in recent years, the company aims to generate part of the electricity needed for production using a 250 kW solar power plant under the project “UAB ‘Newon Food’ 250 kW Renewable Energy Power Plant No. 02-011-K-0055.” The planned solar power plant, with a capacity of 250 kW, is expected to generate approximately 245 MWh of electricity per year. Upon project completion, energy generated from renewable sources will account for about 70% of total energy consumption. The project will contribute to climate change mitigation and to the goals and commitments of the Republic of Lithuania to achieve 50% of consumed energy from renewable sources by 2030.

Funding for the project was provided through the 2022–2030 Development Program managed by the Ministry of Economy and Innovation of the Republic of Lithuania. Under the Economic Transformation and Competitiveness Development Program Progress Measure No. 05-001-01-04-02 “Encouraging Companies to Transition Towards a Climate-Neutral Economy,” funding was allocated to support the installation of renewable energy resources in industrial companies (in the Central and Western regions of Lithuania) through the European Regional Development Fund, providing a grant of EUR 102,690.