First Baltic offshore wind auction set for end of March, with additional rounds scheduled for end of year
The Lithuanian Government has approved the outlines for the country’s first ever offshore wind auction, expected to be announced by the National Energy Regulatory Council ( VERT) 30th March. The auction will offer a 700 MW subsidy free fixed project, where the developer offering the highest development fee will be selected as the winner. The project comes in addition to the 700 MW project already scheduled to be put up for tender in September, with the possibility for state subsidies. The bidding conditions outlined by the Lithuanian Government include among other requirements for experience of developing offshore wind projects and focus on the reduction on greenhouse gasses. The round will be the first ever offshore wind round hosted in the Baltics, with additional rounds expected in Estonia by end of 2023.
Image source: Lithuanian Wind Power Association