Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
In 2023, Ignitis Renewables and Ocean Winds established a joint venture structure to develop the 700 MW Curonian Nord offshore wind farm and together secured the project’s development rights in Lithuania’s first offshore wind auction. The partnership is leading development of the country’s first commercial offshore wind farm in the Baltic Sea, with Curonian Nord expected to supply around 3 TWh of electricity per year, equal to roughly a quarter of current Lithuanian power demand.