Lithuania is making great strides toward a sustainable energy future, with offshore wind energy – both onshore and offshore – taking the lead. With plans for two offshore wind farms totalling 1.4 GW [1], the country is quickly becoming a regional leader in green energy. These projects can generate up to 6 TWh every year [2] and could meet nearly half of Lithuania’s current electricity demand. With over 60% of Lithuania’s renewable energy already coming from wind, these developments will further boost energy independence and accelerate climate goals [3].
Lithuania’s offshore wind sector
The development of offshore wind in Lithuania reflects a well-planned, forward-looking approach. The two planned offshore wind farms, each with a capacity of 700 MW [4], aim to harness the Baltic Sea’s considerable wind energy potential. These projects are expected to substantially contribute to the national grid while advancing Lithuania’s commitment to renewable energy. This effort shows the country’s commitment to meeting energy demands while prioritising environmental sustainability.
New developments and tender opportunities
On the 18th of November, Lithuania launched its second offshore wind tender, marking an important milestone in its energy transition [5]. The National Energy Regulatory Council (NERC) is overseeing the tender, which is seeking a developer for a 700 MW offshore wind project [6]. The potential winner is expected to be announced by May 2, 2025 [7], pending a review for national security interests. The final decision is expected by the end of June [8]. Among the notable participants is Ignitis Group, Lithuania’s prominent energy company has expressed its intention to join the tender and is actively seeking a partner to co-own up to 49% of the project [9]. A lot of groundwork, such as environmental studies and seabed surveys, has already been done to ensure the project is feasible [10].
Investment and partnership opportunities
Lithuania’s offshore wind sector offers great opportunities for investors and partners. Ignitis Group’s search for a strategic partner highlights the potential for collaboration in this growing market. With much regulatory support and careful planning, Lithuania is becoming an attractive destination for sustainable energy investments.
Challenges and considerations
Lithuania’s offshore wind projects have a lot of potential, but there are still challenges to tackle. Developers must handle regulations, reduce environmental impact, and build the infrastructure for smooth grid integration. Good planning and teamwork will be vital to maximise the sector’s full potential [11].
Future outlook
Lithuania’s offshore wind sector is ready for growth, aligning with EU renewable energy goals and the global shift toward sustainable energy. These projects will not only meet domestic electricity needs but also bring economic benefits, like job creation and innovation, boosting Lithuania’s role as a leader in green energy.
The promise of offshore wind in Lithuania
Lithuania’s offshore wind projects show the country’s dedication to a sustainable, energy-secure future. For investors and partners, this growing sector offers a great opportunity to help build a greener tomorrow while tapping into the expansion of renewable energy in Europe.
References:
- https://offshorewind.lt/en/
- Ibid.
- https://www.regula.lt/en/Pages/the-sector-of-renewable-energy-resources.aspx
- https://www.offshorewind.biz/2024/11/18/lithuania-reopens-bidding-for-700-mw-offshore-wind-project/
- ibid.
- ibid.
- Ibid.
- https://www.regula.lt/Puslapiai/naujienos/2024-metai/2024-11-18/vert-skelbia-jurinio-vejo-jegainiu-konkurso-pradzia.aspx
- ibid.
- https://balticwind.eu/new-tender-date-for-construction-of-offshore-wind-farm-in-lithuania-confirmed/
- https://www.regula.lt/atsinaujinantys-istekliai/Puslapiai/Konkursas-organizuojamas-pagal-AIE-istatymo-22-str-(taikant-skatinima).aspx
