Area in the Baltic Sea is about 29km from the coast and covers 137.5 square kilometres.
Lithuania has agreed on the site of an up to 700MW offshore wind farm in the Baltic Sea.
The site is about 29km from shore and covers an area of 137.5 square kilometres in average water depths of 35 metres.
The government said the area has an average wind speed of approximately nine metres a second.
A tender for the rights to the site is planned for the 1 February 2023, it added.
The Lithuanian Energy Agency will carry out an strategic environmental assessment and the environmental impact assessment ahead of the tender.
The wind farm is scheduled to be operational by 2030 and will produce about 2.5 to 3 terrawatt-hours of electricity a year.
Energy minister Zygimantas Vaiciunas said: “By employing offshore wind, we will achieve our 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 this will also be an opportunity to attract world-class investors to Lithuanian energy.”
The government said it expects the project to pull in as much as €1bn in private investment.
It has also approved regulatory changes that will allow the development of offshore wind off the country’s coast.
The government has entrusted the Ministry of Energy with preparing the necessary bills regulating the support scheme for offshore wind, which are expected to be submitted for approvals by 1 July.
It also called on the local transmission system operator to start preparatory work for connecting the turbines that are planned to be developed to power grids.