WindEurope warns Lithuania not to jeopardise low-cost offshore wind

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Lithuania is preparing its regulatory framework for the development of offshore wind in its waters. And new proposed auction rules have recently emerged in the Lithuanian Parliament which will jeopardise the delivery of projects at the lowest cost for society.

The Committees of Economic Affairs and Environment in the Lithuanian Parliament have recommended changes to the auction design which would support only part of the electricity produced by the winning bidders, instead of to the whole output of the wind farms concerned, which is what happens in other countries. If finally adopted as law, it would result in project developers having to compete in the auction not only on the lowest price, but also on the lowest volume of electricity to be supported. This would bring... ... More: Official Press Release WindEurope

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WindEurope, Lithuania, framework, offshore, proposal, lease, waters, costs, jeopardy, wind farm, planning, development