Now, following Polenergia’s decision and the consultation between the two partners, the companies agreed to terminate cooperation in this area.
In an investors’ update issued on 28 July, Polenergia noted that, while it is terminating work on preparing this offshore wind project, the company will continue to analyse potential investment and business opportunities on the Lithuanian market.
As reported at the beginning of July, Lithuania just completed its first 700 MW offshore wind tender, with Ocean Winds and its strategic partner, Ignitis Renewables, announced as the provisional winners.
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BREAKING: Lithuania Selects Provisional Winner of Country’s First Offshore Wind Tender
At the end of 2022, the Lithuanian Ministry of Energy brought forward an amendment package to the Laws on Renewable Energy and Electricity which facilitates the country’s second 700 MW tender and accelerated tendering procedures.
It is expected that the second offshore wind farm, planned to be put out to tender this autumn, could produce its first power as early as 2028.
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Lithuanian Government Plans to Have Second, Subsidy-Free Offshore Wind Farm Up by 2028
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