The tender for the right to develop a second 700 MW offshore wind farm will be relaunched on 9 June, the Government decided last week. The tender will be implemented by the National Energy Regulatory Council (NERC).
Following the renewal of the tender terms and conditions, the procedure for recalculating the transaction price and development fee offered by the winning bidder has been adjusted. It has been established that the transaction price will be recalculated for eight years from the date of confirmation of the tender winner, indexing the transaction price and the change in the average annual electricity prices on the Lithuanian exchange due to inflation in the previous year.
It has also been ensured that any financial contribution by consumers to the offshore wind farm will only be made once the farm starts generating electricity, i.e. around 2033.
In addition, the updated tender terms and conditions will ensure equal conditions for electricity transmission: the priority right to transmit electricity generated by offshore wind farms over onshore wind and solar power plants will be abolished. This will ensure balanced conditions for the development of offshore and onshore power plants. It is also envisaged that the income tax paid by the successful tenderer will be used to finance services of public interest.
Registration of participants and submission of documents will be open until 8 September. The offshore wind farm tender will be considered valid if two or more participants take part.
For more information, please visit: offshorewind.lt
Source: enmin.lrv.lt
