The Baltic Sea will be one of the European regions supporting the energy transformation of the European Union. Particular potential is seen in offshore wind energy, and Ignitis Group is interested in its development. We asked the company about specific plans. The company commentary was published in our quarterly report LITHUANIA Q4 2021.

Lithuania has ambitions to develop offshore wind energy in the Baltic Sea. This type of energy also received positive assessments in a public opinion poll commissioned by Ignitis Renewables. Development of farms in Lithuanian waters is supported by 70% of respondents, while 63% of the country’s population believes it contributes to climate change mitigation. 

“We see offshore wind as a huge opportunity for Ignitis Group and Lithuania. In our strategy we aim to increase our Green Generation portfolio to 4 GW by 2030 (was 1.1 GW in 2020)”, explained Artūras Ketlerius, Ignitis Group Head of Public Relations, in commentary for BalticWind.EU. 

Ignitis Group subsidiary Ignitis Renewables is preparing for the offshore wind auction in Lithuania. 

“We have announced a strategic partnership with renewable energy leader Ocean Winds (OW) back in 2020. Together with partners, Ignitis Group is going to participate in the auction for offshore wind development in Lithuania. Also, this partnership with one of the largest offshore wind developers in the world allows Ignitis Group to gain experience in offshore wind projects in other countries, which, hopefully, will be used to develop offshore wind energy in Lithuania”, explained the company.

Local content

Investors try to involve local companies in the development of offshore wind farms. What does Ignitis think about this? …

The full article is available in BalticWind.EU Country Report LITHUANIA Q4 2021