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Lithuania prepares for second offshore wind auction

Lithuania is preparing for the second offshore wind auction, after the Ministry of Energy, held a public consultation together with offshore wind park developers and those interested in offshore wind park development, to discuss the preparations for the auction.

“Offshore wind farms, together with onshore renewable energy projects, are crucial to strengthening Lithuania’s energy independence,” said Daiva Garbaliauskaitė, Deputy Minister of Energy. “Due to changes in economic circumstances, the situation in the renewable energy sector worldwide is changing dynamically and this is influencing investors’ plans. During the consultation year, our aim is not only to provide them with all the information they need about the planned auction but also to secure feedback from investors, which will help us to organise a competitive auction on the most attractive terms.”

At the remote meeting, market participants were informed about the 193 million euros Lithuanian support scheme for offshore wind farms approved by the European Commission. They were also briefed on the legislation governing the project, the preparatory work carried out on the seabed, wind speeds, environmental impact assessment and further work.

Following consultation, the auction is planned to be launched in January next year, with the exact date to be decided by the Government in the near future.

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