EGEF’s first investments are 100% in line with the fund’s objective of sustainable investments that contribute to climate change mitigation. According to Viktorija Orkinė, CEO of EAM, solar parks are a priority investment for the fund. „Solar energy facilities can be developed much faster than wind or hydro. Therefore, given today’s electricity prices and demand, the fund aims to provide electricity buyers with an efficient way to stabilise electricity prices for the next 5 years as soon as possible. In both Lithuania and Cyprus, the demand for this energy exceeds the current supply, as electricity prices have more than tripled since January and future fixed-price contracts are currently being concluded for the lease of remote capacity,“ explains Ms Orkinė.