Baltic and Black Sea nations face delays in offshore wind energy projects due to market conditions, regulatory hurdles, and local opposition.
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Lithuania’s second offshore wind tender failed because only one participant, the state-owned company Ignitis grupÄ—, registered interest, with the minister attributing this to complex international market conditions and financial risks. Despite previous plans for two 1.4 GW offshore wind farms—one for industry and another for lower residential electricity costs—the project’s continuation is being reconsidered through new support negotiations with the European Commission or the government. In Romania, despite positive projections of up to €19 billion in investment by 2035, the government has been slow to meet deadlines for establishing designated areas for offshore wind farms. Meanwhile, Bulgaria faces roadblocks to developing its potential 116 GW of offshore wind energy due to political disagreements and opposition from small-scale fishermen, although large commercial fishing operators support the projects with conditions regarding zoning and compensation. Experts suggest that offshore wind in Bulgaria could attract significant investment and create numerous jobs by 2035.
