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Green Genius has signed a cooperation agreement with Polenergia. Together, they will seek to win a tender by the Lithuanian state for an offshore wind farm in the Baltic Sea.
It will be the first offshore wind farm in Lithuania in the Baltic Sea. The investment agreement between "Green Genius" and "Polenergia" (under which a joint venture will be established to develop the Baltic project in Lithuania) is subject to the approval of the relevant competition authority. The first offshore wind power project in Lithuania is expected to start operating in 2030 and will have a capacity of 700MW. The competition for the implementation of this project is planned for September 2023.
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