Lithuania First Offshore Wind Project is a 580MW offshore wind power project. It is planned in Baltic Sea, Lithuania. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the announced stage. It will be developed in a single phase. The project construction is likely to commence in 2026 and is expected to enter into commercial operation in 2030. Buy the profile here.
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Description
The project is being developed by Ocean Winds and UAB Ignitis Renewables. UAB Ignitis Renewables, EDP Renovaveis and Engie are currently owning the project having ownership stake of 50%, 25% and 25% respectively.
The project is expected to generate 3,000,000MWh of electricity. The project will be spread over an area of 137.5km².
The wind power project consists of 43 turbines.
Development status
The project construction is expected to commence from 2026. Subsequent to that it will enter into commercial operation by 2030.
For more details on Lithuania First Offshore Wind Project, buy the profile here.
About Ocean Winds
Ocean Winds SL specializes in providing services and installation in floating and fixed offshore wind energy sector. The company is headquartered in Madrid, Spain.
About UAB Ignitis Renewables
UAB Ignitis Renewables, a subsidiary of AB Ignitis Grupe, is a distribution and supply, construction and maintenance of power plants that specializes in green electricity production, onshore wind, offshore wind farm, solar energy and other renewable services. The company is headquartered in Vilnius City, Vilnius, Lithuania.
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This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
