Lithuania’s Ignitis Seeks to Postpone €3bn Baltic Offshore Wind Project as Costs Rise 27%
4 Articles
4 Articles
Lietuvos Radijas ir Televizija
lrytas.ltThe developer of the first 700 megawatt (MW) offshore wind farm, the state-owned “Ignitis Group”, proposes to the Government to postpone the deadlines for the implementation of the project.
Lithuania’s Ignitis seeks to postpone €3bn Baltic offshore wind project as costs rise 27%
Lithuania’s state-controlled energy company Ignitis Group has proposed postponing its planned 700 MW offshore wind farm in the Baltic Sea, estimated to cost around €3bn, amid deteriorating market conditions, rising construction expenses and concerns over the project’s commercial viability, independent Lithuanian news agency BNS reported on October 21. The proposal raises fresh questions about Lithuania’s renewable energy ambitions and its abilit…
After the National Audit Office questioned the benefits of the approximately EUR 3 billion, 700 MW first commercial wind farm project in the Baltic Sea being implemented by the state-owned Ignitis Group a year ago, the group announced on Wednesday that it was proposing to postpone it.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
