Estonia to host electronic auction for offshore wind farm in Saare 1 area
Author: PPD Team Date: 06/12/2024
The Consumer Protection and Technical Regulatory Authority (CPTRA) of Estonia has announced an electronic auction for the development of an offshore wind farm in the Saare 1 area, located 60 km west of Saaremaa island in the Baltic Sea.
The auction will take place from January 21 to January 23, 2025.
Three qualified participants—CI Estonia Wind GmbH & Co. KG, OÜ Utilitas Wind, and Oxan Energy—will compete, with a starting price of €1.32 million and a minimum bid increment of €50,000.
The planned offshore wind farm will have a capacity ranging from 900 MW to 1,200 MW.