Lithuania will relaunch its tender for a second 700MW offshore wind farm on 9 June, following changes to the process approved by the government.
The National Energy Regulatory Council (NERC) will oversee the new competition, which includes revised pricing mechanisms, updated grid access rules and delayed consumer cost exposure.
The updated terms stipulate that the winning bidder’s transaction price and development fee will be indexed annually for eight years based on inflation and changes in Lithuanian electricity prices.
Consumers will not contribute financially until the wind farm begins generating electricity, expected around 2033.
The revised rules also eliminate grid priority for offshore wind over onshore renewables, creating equal transmission access across technologies.
The government said income tax paid by the winning developer will be directed to public interest services.
Participant registration and document submission will remain open until 8 September. The tender will only proceed if at least two bidders apply.