The company applied in two different areas with a planned capacity of 1 GW each.

If the auctions are announced and the contracts are awarded, the construction of the new offshore wind farms are expected to start by 2030, and the operational life of the turbines will be 30-40 years.

Ignitis Renewables, a subsidiary of Ignitis Group, is a green energy company operating in the Baltic States and Poland. It is responsible for developing onshore and offshore wind, solar energy, biomass, and waste-to-energy projects. The company develops new projects in pursuit of Ignitis Group’s strategic goal to reach 4 GW installed Green Generation capacity by 2030.