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Lithuania Sets out Offshore Wind Tender Plans

Green Energy

Photo by TebNad/Shutterstock.com

The Lithuanian government has approved the requirements for developers of offshore wind farms without state aid, reported energy portal reNEWS.

The conditions for bidders include revenues of at least EUR 250 million in the last three years and at least 20% of the project value in equity.

If a consortium of companies participates in the tender, their combined annual revenue and equity will be assessed. Bidders must have developed at least one offshore power plant larger than 150 MW or be authorized to produce electricity there.

Developers will be required to support local communities of the municipalities bordering the marine area of the park and to contribute at least EUR 5 million to environmental protection. They will also be required to carry out all the necessary studies, environmental impact assessments and other actions themselves.

In addition, after construction, the developer will make an annual contribution (EUR 1 per MWh of electricity generated) to the communities of the municipalities surrounding the park.

Furthermore, the developer offering the highest development fee to the state will win the tender, according to the government. The National Energy Regulatory Council (Vert) is expected to announce the tender on March 30 and the winner will be announced in June to July.

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