A Lithuanian energy company that initiated a search for potential partners for offshore wind projects in the country has had an excellent response.
Lietuvos Energija launched a call for expressions of interest (EOI) in February 2019 seeking a ‘strategic partner’ for offshore wind.
It received initial interest from 10 potential partners, all of them European offshore wind market leaders and seven have now submitted responses to the EOI.
Lietuvos Energija wants to gain experience by acquiring a minority stake in a project under development within the European Economic Area and, at a later date, it wants to jointly develop offshore wind energy projects in Lithuania.
Lietuvos Energija member of the board and director of Infrastructure and Development Dominykas Tučkus said, “Our current target is to reach 3.0 GW of green generation capacity by 2030. Most of it will come from wind energy.
“This closely follows the objectives laid down in Lithuania’s National Energy Independence strategy, that is, to increase the share of electricity generated by wind power to 50% in the next 12 years.
“It is anticipated that offshore wind power auctions for projects in the Baltic Sea will start in 2021-2022, so Lietuvos Energija wants to gain relevant experience in developing offshore wind projects by that time.
“The strong interest we have received from potential partners indicates that we are on the right track and market leaders are aware of the growing potential of renewable energy development in the Baltic.”