By Dominic Chopping
Orsted AS said Monday that it has signed a memorandum of understanding with Baltic utility and wind-energy company Enefit which outlines a plan to deliver the first offshore wind farm in the Gulf of Riga in the Baltic Sea.
In September, the Latvian and Estonian governments signed a memorandum of understanding for a joint offshore wind farm and Orsted and Enefit hope to deliver this before 2030.
As part of the deal, Orsted and Enefit intend to establish a joint venture for the development of offshore wind opportunities in the Baltic countries, including the Liivi offshore wind project in the Estonian part of the Gulf of Riga.
In addition, Orsted, a Danish renewable-energy developer, has submitted an application for an area in Latvian waters next to the Liivi site.
"Through these sites, the partnership aims to pursue a cross-border hybrid solution, which will connect an offshore wind farm to both Latvia and Estonia," Orsted said.
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires