The Lithuanian Government is putting in place the procedures to build the first offshore wind farm in the Baltic Sea. The wind farm should begin operating in Lithuania’s territorial waters off Palanga in 2028. With a capacity of approximately 700 MW, is expected to generate up to 3 TWh of green electricity per year, which would meet up to a quarter of the country’s electricity demand. The offshore wind farm is also expected to attract more than EUR 1 billion in investments and create at least 1,300 new jobs.
The project is expected to start by the end of 2023. It is a key development project in the renewable energy field, on which the Lithuanian Government places great importance as it will restore the country’s energy independence. Given the importance of the project, the Government feels that the criteria to be applied in assessing participants in the international tender currently being drawn up must be as transparent as possible.
The tender conditions and requirements, which will be published with due regard for the European rules and transatlantic integration criteria, will be announced by the National Energy Regulatory Council in the second half of 2023. The criteria to be met by participants in the tender, regarding their financial capacity, experience in implementing projects of this type and the obligation to contribute to safeguarding the environment and the well-being of the coastal community, have, on the other hand, just been approved.
Against this background, potential developers of offshore wind farm projects are invited to take part in a joint market consultation. The consultation will be conducted remotely, with a video-conference scheduled for 14:00 hours local time (UTC+3) on 10 November 2022. Those wishing to take part must register by 7 November. The registration form and key information are available at www.offshorewind.lt.
