Copenhagen Infrastructure Partners and Ignitis Renewables have won Estonia’s first offshore wind auction for the Liivi 2 sea area.
The maritime area for the offshore wind farm is located north-west of Ruhnu Island, near Estonia’s Baltic Sea coast, covering approximately 115 square kilometres, with a total capacity of up to 1.4GW is expected to become operational post-2030.
CIP partner and head of the growth markets funds Ole Kjems Sørensen said: “With today’s announcement, we are taking an important step in expanding our presence in the Baltic states, a core market of CIP’s Growth Markets Funds.
“We believe this project could be a cornerstone investment in Estonia’s transformation into a sustainable, long-term European green energy hub.”
Ignitis Group chief executive Darius Maikštėnas added: “This is the second offshore wind tender secured by the Ignitis Renewables in the Baltic States.
“By winning, the group achieves its strategic goal of securing a second offshore wind development project in our home market, which is a substantial step towards our overall objective to achieve 4–5 GW of installed green and flexible capacities by 2030.”
Ignitis Renewables and CIP have signed an agreement to collaborate exclusively on offshore wind opportunities in Estonia and Latvia.
The partnership leverages Ignitis Renewables’ leading market position in the Baltic region and CIP’s global offshore wind expertise, the pair said.
The two companies aim to become active and long-term partners for the energy transition in the Baltic region, supporting Baltic states’ decarbonisation targets and energy security ambitions through the deployment of offshore wind.