Ignitis Renewables and Copenhagen Infrastructure Partners (CIP), through its New Markets Fund I, have signed an agreement to collaborate on offshore wind opportunities in Estonia and Latvia and intend to jointly bid in the upcoming offshore wind tenders in these countries.

Estonia plans to hold auctions for multiple offshore wind sites in the last quarter of 2023. In addition, an auction for the developer of a joint Estonian-Latvian state-run cross-border offshore wind project, called ELWIND , is scheduled for 2026.