Ørsted and Enefit have signed a Memorandum of Understanding (MoU) to together develop large-scale offshore wind opportunities in the Baltics countries.
Under the MoU, the companies plan to establish a joint venture for the development of offshore wind in the Baltics, including the Liivi project in the Estonian part of the Gulf of Riga.
Ørsted has also submitted an application for an area in Latvian waters next to the Liivi site.
Through these sites, the joint venture aims to pursue a cross-border hybrid solution, which will connect an offshore wind farm to both Latvia and Estonia and enable the utilization of the offshore wind transmission cables as an interconnector between the two countries.
“With the right regulatory framework in place, offshore wind can deliver large-scale green energy in Estonia and Latvia before 2030. The sheer size of offshore wind farms makes them ideal for cross-border hybrid solutions,” said Rasmus Errboe , Head of Region Continental Europe at Ørsted.
“The Baltic Sea area is becoming a centre for offshore wind build-out which will contribute significantly to the decarbonisation efforts of both the region and the European economy. The Baltic countries can to a large extend be powered by renewable energy from offshore wind, and we look forward to team up with Enefit to realise this potential.”
Last year, the governments of Estonia and Latvia signed a memorandum of understanding to jointly develop the 1,000 MW Liivi offshore wind farm in the Gulf of Riga.
Subject to a supportive regulatory framework for offshore wind being in place, Ørsted and Enefit are set to deliver the project by 2030.