Lithuania’s latest attempt to advance its offshore wind development has stalled once more, as the nation’s second 700 MW tender closed without sufficient competition.
The National Energy Regulatory Council (NERC) confirmed that only one company, state-controlled Ignitis Group, submitted a binding offer before the deadline. Under Lithuanian tender rules, at least two qualified participants are required for the auction to proceed, rendering the process invalid.
The tender, relaunched on June 9, 2025, followed an earlier failed round that sought to attract private investment in the Baltic Sea wind zone. The application deadline, initially set for early September, was later extended to October 7 after temporary suspension.
Lithuania has positioned offshore wind as a cornerstone of its long-term decarbonization and energy independence strategy. However, industry observers note that limited project financing opportunities, regulatory uncertainties, and supply chain constraints across Europe have likely discouraged potential bidders.
Government authorities are now expected to reassess the tender framework before reissuing it, with possible adjustments to financial incentives and risk-sharing mechanisms to draw greater investor interest.
