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Second Wind Farm Offshore Lithuania bid by Ignitis

By: Mark Casey 15/04/2024 Ignitis Renewables

General Windfarms

Ignitis Renewables is participating in the tender of the second 700 MW Lithuanian offshore wind farm in the Baltic Sea. The company has submitted the necessary documents and the bid to the National Energy Regulatory Council (NERC), which is organising the tender.

The decision to participate in the second tender is driven by the change in the project implementation schedule. Under the terms of the tender, the project will have to be implemented within 8 years. This means that the investment schedule will potentially not coincide with the implementation of the first Lithuanian offshore wind farm project, which, in the event of a successful tender, will make it financially feasible to successfully implement both projects.

“Our long-term strategy is to develop projects with reliable and experienced partners, and if we win the tender, we will immediately start the partner selection process,” says Thierry Aelens, CEO at Ignitis Renewables.

He highlighted that the company is pursuing Ignitis Group’s goal to increase its green generation capacity 4 times, from the current 1.3 to 4–5 gigawatts (GW). In 2023, Ignitis Renewables and its partner, Ocean Winds, were successful in the first 700 MW Lithuanian offshore wind tender. Additionally, the company, together with its partner, Copenhagen Infrastructure Partners (CIP), were successful in two Estonian tenders for developing offshore wind projects in the Baltic Sea, territories Liivi 1 and Liivi 2.

Successful development of wind farms in the Baltic Sea is a very significant step towards regional energy independence.

For more information about offshore wind farm projects across the globe, click here.

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Second Wind Farm Offshore Lithuania bid by Ignitis

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