National Energy Regulatory Council (NERC) of Lithuania adopted a Procedure for the Organisation of tenders and the Granting of Permits to Use Parts of the Maritime Area for the Development and Operation of Renewable Energy Power Plants. The process was possible based on amendments to the Law on Energy from Renewable Sources which were adopted in Lithuania in May 2022. The amendments allowed to approve a new scheme of tenders for the use of the maritime area for the development and operation of offshore wind farms and entrusting NERC to organize them. To this end, the Government approved the requirements for tender participants specifying requirements on financial capacity, experience, as well obligations to contribute to environmental protection.

Before that, on 30 March 2023, NERC announced a tender for the highest proposed development fee for the development of power plants in the maritime area, and on 11 July 2023 announced the shortlist of potential winners of the tender.

On 12 October 2023, after the potential winner of the Tender had been vetted for compliance with national security interests, NERC acknowledged that the successful bidder of the tender for the use of the maritime area for the development and operation of renewable energy power plants is UAB "Ignitis Renewables" and OW OFFSHORE, S.L., operating on a joint basis. The winner of the tender offered a development fee of EUR 20 million for the development of offshore wind farms.

It is expected that an offshore wind farm will be built by 2030 and will produce about 3 TWh of electricity per year, which would provide up to a quarter of Lithuania's electricity needs and reduce the country's dependence on electricity imports.

The offshore wind park will attract more than 1 billion euros in investment and create around 1.3 thousand new jobs during its construction. The permits to develop electricity production capacity and to produce electricity will be issued by the NERC.