The Government approved the proposals from the Ministry of Energy for a longer deadline for the second offshore wind farm tender – until 7 October
The Government approved the proposal of the Ministry of Energy to temporarily suspend the current tender for the development and operation of the offshore wind farm. According to the decision, the tendering procedures will be resumed on 6 October 2025, and the submission of tenders will continue until 7 October 2025, inclusive.
The temporary suspension of the tender is necessary to ensure successful results. The decision was made taking into account the fact that the tender took place during the summer period, when market participants are objectively less active. Political processes taking place during the summer also influenced investors’ decisions to participate in the tender and invest in Lithuania. The Ministry of Energy received indications from potential participants that the current deadline for submitting documents was too short to properly prepare for participation in the tender, including detailed financial, technical, and legal assessments.
These changes will create more favourable conditions for greater involvement of market participants. The aim is to ensure that offshore wind farm projects are implemented at competitive prices by creating attractive tender conditions for investors and ensuring maximum competition. The decision creates preconditions for the implementation of the goal to develop two offshore wind farms with a total capacity of 1.4 GW, specified in the National Energy Independence Strategy.
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Originally published on 5 Sep
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The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
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Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
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Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
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Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
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Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct