“As EU raises climate ambition targets it is the perfect time to start building new joint initiatives in the area of renewable energy. Moreover, this cooperation is also instrumental in optimizing investments by exploiting potential of EU financial opportunities”, said Vaičiūnas.
The strengthened ties between Flanders and Lithuania aim at generating investment and creating additional offshore wind capacity in the Baltic Sea, which is in line with the EU legislation that encourages active cooperation between member states on the road to achieving renewable energy targets, according to a press release from the Lihuanian government.
These concrete initiatives aim at contributing to both compliance with the post-2020 renewable targets and to providing economic, environmental and social benefits in terms of job creation and enhancing security of supply.
“This cooperation will enable the Flemish region to reach its policy objectives in a more cost effective way, since the potential for renewable energy in Flanders is rather limited due to inter alia the high population density and the limited remaining available space for wind energy”, said Demir.
The new regulations would facilitate financing and developing offshore wind projects under a Contracts for Difference (CfD) scheme, and would also accommodate building a 700 MW offshore wind farm in the Baltic Sea, for which plans have already been approved by the government.
