Lithuanian and regional offshore wind projects face delays due to market conditions, regulatory hurdles, and local opposition.
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Lithuania’s second offshore wind tender failed due to only one participant, Ignitis grupฤ, with the Energy Minister citing complex international market conditions and financial risks. Despite this, the government is exploring options to continue the project, which aims to build two 1.4 GW offshore wind farms. In Romania, despite positive projections for offshore wind investment, the government is facing delays in establishing the necessary concessions and regulatory frameworks. Meanwhile, in Bulgaria, potential offshore wind development is stalled by political disagreements and opposition from small-scale fishermen, although large commercial fishing entities support the projects under certain conditions. Experts suggest that offshore wind in Bulgaria could attract significant investment and create numerous jobs.
