Green Genius, Polenergia team up for Lithuanian offshore wind tender
Photo by TebNad/Shutterstock.com
Renewable energy developer Green Genius, part of Lithuania's Modus Group, and Polish energy company Polenergia SA have signed a cooperation agreement to compete together in Lithuania's first offshore wind tender, according to an announcement Tuesday, Renewablesnow.com reports.
The partners will participate in the auction for the country's first wind farm in the Baltic Sea, of 700 megawatt, which is scheduled for September 2023.
They have entered into an investment agreement for the formation of a joint venture, which needs to be approved by competition regulators.
It was earlier announced that the companies have agreed on key terms of the partnership.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.