European Energy, Centrica ink balancing deals for Lithuanian renewables
Sep 13, 2024 14:50 CESTLithuania plans to initiate a tender process for a 700-MW offshore wind farm that would be the country's second on January 15, 2024.
The Environmental Protection Agency has approved the environmental impact assessment (EIA) report for the project, concluding that the visual impact of the development would be insignificant, the Energy Ministry said. The tender plan, earlier postponed due to economic issues, still needs to be cleared by the national government.
The proposed offshore wind park is planned to be installed within a 136.4-sq-km area in the Baltic Sea located 30 km off the Lithuanian coast and within 2 km off the boundary of a Natura 2000 protected area. The turbines will have a maximum height of 350 metres.
The upcoming solicitation will be backed by a EUR-193-million (USD 204.6m) support scheme that was recently approved by the European Commission (EC). The tender winner will receive state aid over 15 years in the form of a variable premium under a two-way contract for difference (CfD).
Ignitis Renewables, a subsidiary of Lithuanian energy company Ignitis Grupe AB, and Ocean Winds were the provisional winners in Lithuania’s inaugural offshore wind tender. The duo will build an up-to-700-MW wind farm that should be hooked to the grid by 2028.
(EUR 1.0 = USD 1.060)
European Energy, Centrica ink balancing deals for Lithuanian renewables
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