This article considers modern trends in the development of renewable energy (RE) in Lithuania in the period 2003–2014. The national Lithuanian energy policy complies with the current EU energy regulations. The European Commission approved the implementation of the ‘‘Community Strategy and Action Plan on Renewable Energy’’, and the European Parliament adopted a directive on the ‘‘Promotion of Electricity Produced from Renewable Energy Sources in the Internal Electricity Market’’. The Republic of Lithuania Law on Energy from Renewable Sources contains sectoral objectives: to increase the share of electricity produced from RES up to at least 20% of the final national consumption, to increase the share of centrally supplied heat energy, produced from RES, up to at least 60%, of the heat energy balance, and to increase the share of RES used in households up to at least 80% of the total energy consumption balance. According to the Lithuanian Department of Statistics, Lithuania has already reached the 23% target: in 2014, the share of RES in the total energy balance of the country exceeded one fifth, accounting for 23.66%. The article generates the reasons, according to which the utilization of renewable energy is efficient and cost effective way to increase energy self-sufficiency of Lithuania. The certain conclusions about renewable energy (RE) in Lithuania were made on the basis of conducted analysis.