08/08/2023

Lithuania presents results of first offshore wind auction

Lithuania is the first of the Baltic States to turn its offshore ambitions into reality. A consortium of the Ignitis Group and OceanWinds is the winner of the country's first offshore wind auction.

Official Press Release WindEurope:

Lithuania kicks off offshore wind with first 700 MW auction

Wind Industry Profile of

The Lithuanian Government presented the results of its very first offshore wind auction. A consortium of the Ignitis Group and OceanWinds is the winner. They were willing to pay €20m to develop the project. It will most likely be operational by 2030. The consortium has received a permit to operate the site for 41 years.

Lithuania is the first of the Baltic States to turn its offshore ambitions into reality but its neighbours also have plans to build offshore wind before 2030. These new projects will be crucial for the region. Offshore wind will help the Baltics increase their energy independence, bring down electricity prices and get the resulting economic benefits. They will also be able to become an energy exporter instead of an importer. Estonia is already planning a subsea... ... More: Official Press Release WindEurope