CIP, Ignitis Secure 1.4 GW Offshore Wind Site in Estonia with EUR 1.7 Million Bid

December 13, 2023, by Adrijana Buljan

Ignitis Renewables, a subsidiary of the Lithuanian Ignitis Group, and Copenhagen Infrastructure Partners (CIP) have secured the first of the two sites the Estonian government is auctioning off for offshore wind development by placing a EUR 1.7 million bid.

The tender for the Liivi 2 area took place electronically from 7 December to 13 December 2023. The auction for the second site, Liivi 1, will be held from 11 January to 17 January 2024.

Estonia Sets Auction Date for Two Offshore Wind Areas

Planning & Permitting

Estonia’s Consumer Protection and Technical Regulatory Authority (CPTRA) is expected to officially confirm the award of the Liivi 2 site to CIP and Ignitis Renewables in the coming days.

According to the two companies, which partnered earlier this year, the offshore wind farm in the Estonian Liivi 2 area will have a total capacity of up to 1.4 GW.

CIP, Ignitis to Jointly Bid in Estonian and Latvian Offshore Wind Tenders

Outlook & Strategy

The Liivi 2 offshore wind site is located northwest of Ruhnu Island, near Estonia’s Baltic Sea coast, and spans some 115 square kilometres.

Subject to obtaining the relevant permits, contracting suppliers and securing financing, the project is expected to become operational after 2030, according to Ignitis Group.

For Ignitis Renewables, this is the second tender through which the company secured an offshore wind development site, having been chosen in Lithuania’s first offshore wind tender through a joint venture with Ocean Winds.