The government of the Republic of Lithuania has approved the requirements for developers of offshore wind farms without state aid.
The Valstybinė energetikos reguliavimo taryba/National Energy Regulatory Council (VERT) is expected to announce the tender on 30 March and the winner will be announced in June to July.
The conditions for bidders include revenues of at least €250m 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 150MW 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 €5m 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 (€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.
There must also be incentives to reduce emissions of greenhouse gases that contribute to climate change are provided during the construction of the offshore wind farm and at least 3% of building work will have to be carried out by small and medium-sized enterprises.