The Lithuanian authorities will relaunch a tender for a second 700MW offshore wind farm next week after the government amended the tender process. The tender for the wind farm was temporarily stopped at the start of the year. The government said at the time that it would re-evaluate the conditions for the tender so that the impact on electricity prices for consumers would be minimal. Now it was revealed that the tender, which will be overseen by Lithuania’s National Energy Regulatory Council (NERC), would be open on June 9. Registration of participants will remain open until September 8. The tender will be valid if two or more developers participate. Income tax paid by the winning developer will be directed to public interest services. The updated terms state that the winning bidder’s transaction price and development fee will be recalculated annually for eight years and will be based on inflation and changes in Lithuanian electricity prices. The government stipulated that any financial contribution by consumers to the offshore wind farm will only be made when the project starts generating electricity, which is expected to be around 2033. The new rules also eliminate grid priority for offshore wind over onshore projects, placing all projects on equal footing. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsLithuania Offshore Wind