2022-01-18
http://w3.windfair.us/wind-energy/news/39237-windeurope-lithuania-framework-offshore-proposal-lease-waters-costs-jeopardy-wind-farm-planning-development

WindEurope warns Lithuania not to jeopardise low-cost offshore wind

Image: PixabayImage: Pixabay
WindEurope urges the Lithuania to remove the changes to the auction rules and maintain the Ministry’s proposals of auctioning a double-side CfD based solely on a strike price.

Official Press Release WindEurope:

Lithuanian offshore auction design proposals jeopardise the low-cost delivery of projects

Wind Industry Profile of
Lithuanian offshore auction design proposals jeopardise the low-cost delivery of projects

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

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







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