Lithuania is preparing to relaunch its tender for the development of a 700-MW offshore wind project in the Baltic Sea that it suspended in January.
The tender was put on hold to review its terms and ensure that the impact on final electricity prices is minimised.
Lithuanian energy minister Zygimantas Vaiciunas said during the WindEurope 2025 event in Copenhagen this week that the country is relaunching the tender. After a government decision on Wednesday, April 9, the next stage will be going through parliament, where the decision is expected to be finalised during April or the beginning of May, the minister said. The tender could then be relaunched at the beginning of June, he added.
Vaiciunas invited developers to actively bid in this upcoming contract for difference (CfD) auction with a ceiling of EUR 125 (USD 138.5) per MWh.
In a news announcement on Wednesday, the Lithuanian government said it has approved amendments to the terms of the tender that include indexing the transaction price for 8 years from the date of confirmation of the tender winner, rather than the 23 years in the previous tender conditions. This is expected to help reduce the need for support by around EUR 500 million. Among other things, it is also proposed that the tender be considered valid if at least two participants take part. The changes will now be considered by the parliament.
This will be a tender for Lithuania’s second offshore wind farm. A joint venture between Ignitis Renewables and Ocean Winds won the Baltic state’s inaugural 700-MW offshore auction in 2023.
