Ignitis has raised concerns that the commercial operation date (COD) for its 700MW Curonian Nord offshore wind project may need to be delayed, pending greater clarity on electrolysis demand and the status of the interconnector between Lithuania and Germany. The company emphasized that securing long-term power offtake and financing for the project is contingent on these factors.
The final investment decision (FID) for the offshore wind farm is expected to be made after the completion of development and the issuance of a construction permit, anticipated in 2027. However, Ignitis highlighted that delays in large-scale electrolysis projects across Europe, including in the Baltics, have reduced the availability of long-term power offtake agreements, creating additional uncertainty.
“In light of these delays and ongoing challenges in the offshore wind supply chain, financing for the project could become increasingly difficult as we approach the FID in 2027,” Ignitis said in a statement.
The company noted that without clearer visibility on electrolysis demand and/or the interconnector to Germany, there may be a need to reconsider the project’s timeline for commercial operation.
