The Lithuanian National Energy Regulatory Council (VERT) has re-announced a 700 MW offshore wind auction after the first round of the tender was suspended in January 2024 due to insufficient competition. The new tender provides for a Contract for Difference (CfD) support model and price indexation, with a deadline for applications set for March 18, 2025. The aim of the tender is to attract stronger investor bids and promote Lithuania’s strategic goal of developing 1.4 GW of offshore wind capacity by 2030.
Sources: Renewables Now, 18.11.2024.; OffshoreWIND.biz, 18.11.2024.