Offshore wind
Offshore wind

In order to implement the objectives of increasing electricity generation in Lithuania set out in the National Energy Independence Strategy, the role of offshore wind becomes increasingly important. The research suggests that Lithuanian offshore potential amounts to 4.5 GW, and it would easily cover the electricity demand of the entire state. Lithuania sees a huge potential in installing such farms in the Baltic Sea, therefore, the tender for a 700 MW wind farm development in the Baltic Sea is planned for the second half of 2023.

In order to prepare for the tender properly, Ignitis Group has concluded a strategic partnership with Ocean Winds (a joint EDP Renewables and Engie company), which has extensive experience in the field. The company is currently managing assets with a total factual capacity of 1.5 GW, and the capacity of the projects under development amounts to almost 10 GW. If Ignitis Group succeeds to win the tender, it would own 51% of the project, and the strategic partner Ocean Winds – 49%.

Under preliminary estimates, investments into such project may reach up to EUR 2 billion.


Cookie settings
Mandatory cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookie.
Functional cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. Functional cookies are currently unused.
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Statistical cookies are currently unused.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. Marketing cookies are currently unused.