Information about the project
The first offshore wind farm in the Baltic Sea is one of Lithuania’s most important projects in bid for energy independence. It will significantly increase the production of electricity from renewable energy sources, reducing Lithuania’s dependence on electricity imports and ensuring low electricity prices for the population.
The offshore wind farm, which will start operating in 2028 in Lithuania’s territorial waters near Palanga with a capacity of around 700 MW, is expected to generate up to 3 TWh of green electricity per year in the Baltic states, which would provide up to a quarter of Lithuania’s electricity needs, as well as attract over €1 billion in investment and create at least 1,300 new jobs. The area of the territory in the Baltic Sea intended for the offshore wind farm is about 137.5 km2 . The wind farm will be located about 30 kilometres from the coast.
Project implementers: Ministry of Energy of the Republic of Lithuania together with UAB EPSO-G and Public institution Lithuanian Energy Agency
More information about the project is available at: Ministry of Energy of the Republic of Lithuania
PROJECT GOALS AND SIGNIFICANCE
- The offshore wind power plant project will enable the implementation of the main objective of the National Energy Independence Strategy in the field of renewable energy sources - to further increase the share of renewable energy sources in Lithuania’s domestic energy production and final energy consumption balance, thus reducing dependence on fossil fuel imports and increasing the domestic electricity generation capacity;
- The offshore wind farm will ensure lower electricity prices for Lithuanian citizens and businesses;
- Wind energy sources are renewable and therefore inexhaustible;
- Wind energy does not pollute the air and reduces climate impact;
Benefits for the residents of Palanga:
- Around EUR 3 million is expected to be added to the Palanga municipal budget, which the wind farm developer will be obliged to pay, taking into consideration the amount of electricity generated and fed into the grid;
- As many as 1.3 thousand new jobs will be created.