The Lithuanian government has selected a 137.5 km2 area in the Baltic Sea Economic Zone to locate a 700 MW offshore wind project. The Lithuanian Energy Agency will prepare the special plan, the strategic environmental impact assessment and the environmental impact assessment for the project, while the power transmission system operator Litgrid will be tasked with the preparatory work for the grid link to the future offshore wind project. The Ministry of Energy of Lithuania is currently working on a support scheme for offshore wind in coordination with the European Commission. The project would require an €1bn investment and a tender is planned for the 1 February 2023 to select investors in the project. It is expected to be operational by 2030 and to produce 2.5 to 3 TWh/year of electricity, which is 25% the country’s current electricity demand.
Lithuania targets a 45% share of renewables in final energy consumption in 2030. To achieve the goals announced, wind capacity should double between 2020 and 2030 and solar capacity should grow five-fold. Lithuania's national energy and climate plant (NECP) targets an increase in the share of power generation from renewables to 45% in 2030 and 80% in 2050 (18 TWh). Wind should account for at least 55% of renewable power generation in 2030 and 65% in 2050, and solar for 24% in 2030.
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