The Consumer Protection and Technical Regulatory Authority (CPTRA) of the Republic of Estonia has announced an electronic auction for the development of an offshore wind farm in the Saare 1 area, which spans 88 square kms and is located 60 km west of Saaremaa island in the Baltic Sea. The auction will take place between January 21 and January 23, 2025.
The auction includes three qualified participants: CI Estonia Wind GmbH & Co. KG, OÜ Utilitas Wind, and Oxan Energy. The starting price is set at €1.32 million, with a minimum bid increment of €50,000. Furthermore, interested bidders must submit an application and a deposit of €26,400 to the CPTRA. The planned capacity for the offshore wind farm ranges between 900 MW and 1,200 MW.
Following the auction, the winning bidder will proceed with the superficies license application and environmental impact assessment process within 90 days. The developer is required to submit an environmental impact assessment program to the CPTRA within 18 months of approval and a final report within 24 months.
