Lithuania selects where 700 MW offshore wind farm will be built

first_imgThe tender to select the owner and developer of the wind farm is scheduled to be held in 2023, the government said. The draft legislation will then be submitted to the interested institutions for coordination, and to start coordinating the proposed support scheme with the European Commission. Prior to this period, the approved spatial planning and environmental procedures – the special plan, the strategic environmental impact assessment, and the environmental impact assessment – will be performed by the Lithuanian Energy Agency. The Government of Lithuania has settled on the position of the country’s first offshore wind farm, with the capacity of up to 700 MW, in the Baltic Sea. The project is expected to attract around € 1 billion in private investments. Once commissioned, the wind farm is expected to generate up to three TWh of electricity annually, corresponding to one-quarter of the country’s current electricity consumption. The site covers an area of 137.5 square kilometres, with a distance from shore of approximately 29 kilometres, an average water depth of 35 metres, and an average wind speed of approximately 9 m/s. The government also approved the concept of wind power development in the Lithuanian maritime territory prepared by the Ministry of Energy, which proposes changes in the legal regulation taking into account the recommendations of a working group consisting of state institutions and social partners.center_img The government has decided that the wind farm will be built and commissioned by 2030 at the site previously proposed and considered in the draft Government Resolution, which has now been adopted. The government instructed the Ministry of Energy to prepare draft laws regulating the support scheme for offshore wind farms by 1 July. Amendments to law “By employing offshore wind, we will achieve ambitious renewable energy targets and reduce electricity imports from other countries. Our goal is to develop offshore wind in the most efficient and competitive way, and at the same time it will be an opportunity to attract world-class investors to Lithuanian energy,” said Lithuania’s Minister of Energy Žygimantas Vaičiūnas. In addition, taking into account the experience of foreign countries and the fact that the development of networks for the connection of planned power plants in the maritime area may take up to eight years, the government proposed to the transmission system operator to start preparatory work for the connection of offshore wind farms to the grid.last_img read more

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Wolfowitz says he’ll resign from World Bank post

first_img People close to the negotiations said Wolfowitz agreed not to make major personnel or policy decisions between now and June 30. Some bank officials said he might go on an administrative leave and cede day-to-day functions to an acting leader, but that may not be decided until today. President George W. Bush earlier in the day praised Wolfowitz at a news conference but signaled that the end was near by saying he regretted “that it’s come to this.” A White House spokesman, Tony Fratto, said in the evening: “We would have preferred that he stay at the bank, but the president reluctantly accepts his decision.” More important for the bank’s future, Fratto said Bush would soon announce a candidate to succeed Wolfowitz, quashing speculation that the United States would go along with an end to the custom, in effect since the 1940s, of the American president picking the bank president. Many European officials previously indicated they would go along with the United States’ picking a successor if Wolfowitz would resign voluntarily, as he now has. Treasury Secretary Henry M. Paulson Jr. said Thursday evening that he would “consult my colleagues around the world” before recommending a choice to Bush – an apparent effort to assure European allies that the United States would not repeat what happened in 2005 when Bush surprised them by naming Wolfowitz, then a deputy secretary of defense and an architect of the Iraq war. Bitter taste Leaders of Germany and France objected but decided not to make a fight over the choice and risk reopening wounds from their opposition to the war two years earlier. Some also argued that Wolfowitz, as a conservative seeking to write a new chapter in a career that had been focused on national security, might bring new support to aiding the world’s poor. Soon after Wolfowitz took office, however, he engaged in fights in various quarters at the bank over issues including his reliance on a small group of aides and his campaign against corruption, in which he suspended aid to several countries without consulting board members. Wolfowitz’s resignation, while ending the turmoil that erupted in early April over the disclosure of his role in arranging Riza’s pay and promotion package, will not by itself repair the divisions at the bank over his leadership, bank officials said Thursday evening. By all accounts, the terms of Wolfowitz’s exoneration left a bitter taste with most of the 24 board members, who represent major donor countries, as well as clusters of smaller donor and recipient countries. Most had wanted to adopt the findings of the special board committee that determined he had acted unethically on the matter of Riza. Cited his work In the carefully negotiated statement, the bank board praised Wolfowitz for his two years of service, particularly for his work in arranging debt relief and pressing for more assistance to poor countries, especially in Africa. They also cited his work in combating corruption, Wolfowitz’s signature issue. Wolfowitz said he was grateful for the directors’ decision and, referring to the bank’s mission of helping the world’s poor, added: “Now it is necessary to find a way to move forward. To do that I have concluded that it is in the best interests of those whom this institution serves for that mission to be carried forward under new leadership.” Wolfowitz’s negotiated departure averted what threatened to become a bitter rupture between the United States and its economic partners at an institution established after World War II that channels $22 billion in loans and grants a year to poor countries. But he left behind an agency that must heal its divisions and overhaul a flawed, cumbersome structure that had allowed the controversy to spread out of control. “It’s come to this” WASHINGTON – Paul D. Wolfowitz, ending a furor over favoritism that blew up into a global fight over American leadership, announced his resignation as president of the World Bank Thursday evening after the bank’s board accepted his claim that his mistakes at the bank were made in good faith. The decision came four days after a special investigative committee of the bank concluded that he had violated his contract by breaking ethical and governance rules in arranging the generous pay and promotion package for Shaha Ali Riza, his companion, in 2005. The resignation, effective June 30, brought a dramatic conclusion to two days of negotiations between Wolfowitz and the bank board after weeks of turmoil. “He assured us that he acted ethically and in good faith in what he believed were the best interests of the institution, and we accept that,” said the board’s directors in a statement issued Thursday night. “We also accept that others involved acted ethically and in good faith.” last_img read more

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