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flag Ignitis Renewables now fully owns Lithuania’s Curonian Nord offshore wind project, set for 2027 development.

flag Ignitis Renewables has acquired Ocean Winds’ 49% stake in Lithuania’s Curonian Nord offshore wind project, becoming its sole owner after regulatory approval. flag The deal, finalized in September 2025, involved a nominal share price and reimbursement for project costs. flag The 700 MW project remains on track for a 2027 construction permit, with Ignitis Renewables confirming its ability to lead development and seek a new partner before a final investment decision. flag Ocean Winds is exiting to focus on other markets, but the project’s timeline and execution are unaffected.

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