Lithuania has received a bid of €20 million for the development rights of a 700 MW offshore wind farm in the Baltic Sea. The bid, which was the highest as of Monday, was submitted by one of the two competing bidders. The winner of the tender will be announced in early September after clearance from the government commission. The bidding consortium consists of Ignitis Grupė, a state-controlled energy group, and Ocean Winds, a renowned offshore wind farm developer. The consortium confirmed its offer of €20 million through the Nasdaq Vilnius Stock Exchange. Sources suggest that the second bidder is Orlen Neptun, the Lithuanian offshore wind energy subsidiary unit of Poland’s Orlen, but no official confirmation has been provided. The wind farm will be located approximately 36 kilometers off Palanga, a Lithuanian resort town, and is expected to be operational by 2028, contributing up to 25% of Lithuania’s energy requirements.