Ignitis Renewables and Ocean Winds win Lithuanian tender

Ignitis Renewables, a subsidiary of a renewables-focused integrated utility Ignitis Group, together with the strategic partner Ocean Winds (OW) submitted the highest development fee at the tender for the 700 MW Lithuanian offshore wind project and are expected to be announced as the provisional winners of the tender for the development of power plants in the maritime area. The bid price was EUR 20 million.

The tender organiser, Lithuanian National Energy Regulatory Council (NERC), introduced a real-time bidding concept, where the bidders competed by offering the highest development fee. Based on the tender procedures, the provisional winner is due to be confirmed by NERC, which oversees the process, no later than the next day after the real-time bidding process has closed. The... ... More: Official Press Release Ignitis Renewables

Keywords:

Iginitis Renewables, Ocean Winds, Lithuania, development, offshore, wind farm, tender, bid, power plant, bid price