Polish power company Polenergia has announced it is ending its interest in competing in Lithuania's upcoming second offshore wind tender, citing concerns about the economic viability of the project.
The country’s second offshore wind auction is due to take place later this year and will award contracts for difference to winning bidders, with a maximum price for the energy produced by the successful project set at €107.18/MWh
Polenergia explained its decision was made “after analysing the economic viability” of the offshore wind project proposed in the Lithuanian auction. It had also analysed the maximum price set by Lithuania’s National Energy Regulatory Authority (NERC) for the tender, it stated.
Lithuania held its first ever offshore wind tender earlier this year.
A joint bid from Lithuanian state utility Ignitis Group and offshore developers Ocean Winds (itself a joint venture of France’s Engie and Portugal’s EDP Renewables) was declared the provisional winner to build a 700MW offshore wind farm in the country’s maritime region of the Baltic Sea. Polish state-owned PKN Orlen was the only other bidder.
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