The auction pertains to a site located 30 kilometers off the Lithuanian coast. It originally commenced in November of the previous year, with a planned closure in mid-March. However, the Ministry of Energy paused the process to reassess the tender’s terms. This project, once completed, will mark Lithuania’s second offshore wind farm, contributing to the nation’s renewable energy expansion.
Minister Vaiciunas shared his encouragement with WindEurope: “I encourage bidders to participate. Everything is prepared. The challenges in the market are very clear but we see CfD as a guaranteed and stable approach.” The CfD mechanism is designed to provide a balanced and dependable structure, offering price certainty for both developers and the government, which supports the project’s viability amid fluctuating market conditions.
This relaunch reflects Lithuania’s commitment to advancing its offshore wind capacity in the Baltic Sea region. The 700 MW wind farm is poised to play a significant role in meeting the country’s clean energy objectives. By refining the tender’s conditions, the government aims to ensure a successful bidding process that attracts capable participants while maintaining economic feasibility.
The upcoming auction in June will provide an opportunity for companies to engage in Lithuania’s growing renewable energy sector. With preparations nearing completion, the Ministry of Energy is confident in the revised framework’s ability to support the development of this key infrastructure project, enhancing the nation’s sustainable energy landscape.
