The winner of Lithuania’s first tender for a 700 megawatt (MW) offshore wind farm in the Baltic Sea will pay a development fee of 20 euros million to the state.
This is the highest bid submitted as of 14:00 on Monday by one of the two bidders competing for the right to develop the project, according to the Centre of Registers’ e-auction website.
The winner is expected to be officially announced in early September after it is cleared by the governmental commission vetting transactions by strategic companies.
Lithuania’s state-controlled energy group Ignitis Grupė, which is bidding jointly with its partner Ocean Winds, one of the world’s leading international offshore wind farm developers, later said it offered 20 million euros for the right to develop the wind farm.
"Ignitis Grupė informs that its subsidiary, Ignitis Renewables, together with the strategic partner for the development of offshore wind farm projects, Ocean Winds, are expected to be announced as the provisional winners of the 700 MW Lithuanian offshore wind project’s tender as they submitted the highest development fee. The bid price was 20 million euros," the group announced via the Nasdaq Vilnius Stock Exchange.
Sources have told BNS earlier that the second bidder is Orlen Neptun, the Lithuanian offshore wind energy unit of Orlen, but the Polish oil group would not comment on this information.
The NERC announced in late May that two bidders had registered for the tender, preliminarily valued at 1.8 billion euros, but it did not name them.
The wind farm will be located almost 36 kilometres off the Lithuanian resort town of Palanga. It is expected to be in place by 2028 and generate up to a quarter of Lithuania’s total energy needs.
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