Renewable energy company Green Genius has signed a cooperation agreement with Poland’s largest private energy company, Polenergia. Together, they will seek to win a tender by the Lithuanian state for the first offshore wind farm in the Baltic Sea.
“The significance of renewable energy is increasing in days, not in years anymore,” said Ruslanas Sklepovičius, CEO of Green Genius. “To make the tangible change for energy independence in the region, as well as sustainability, we have to act faster and smarter. Therefore, I’m more than excited to go for this partnership, which may offer efficiency and advantage to the whole electricity market in the Baltic Sea region.”
“We see the need to show the world that strengthening the economies of this part of Europe is a historical necessity,” added Michal Michalski, President of the Management Board of Polenergia. “In this way, we want to emphasise the strategic importance of cross-border cooperation and prove that wind energy is no longer an alternative energy, but traditional energy that will build energy independence.”
The first offshore wind power project in Lithuania is expected to start operating in 2030 and will have a capacity of 700 megawatts (MW). The competition for the implementation of this project is planned for September 2023.