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The group is also mulling servicing both land-based and offshore wind farms in the future, the group said.

Nerius Jasinavicius, a board member of the group, says the group has been planning to build wind farms in the Baltic Sea for over a decade. A study commissioned by the group showed offshore wind farms could be installed near Klaipeda and nearby Palanga.

After the Lithuanian government made decisions on the development of wind energy in the sea and said tenders would be held in 2023, Achema Grupe updated its plans, Jasinavicius said.

In his words, Klasco, a stevedoring company that is part of the group, owns a large unused territory within the port of Klaipeda and it's suitable for a production facility for components of wind farms.

Achema owns 60MW find farms in the Czech Republic and Croatia and they produced 114,500 MWh of power last year.

Moreover, the group's another company, Renerga, is building in Lithuania two hydropower plans and find farms with total installed power of 57.6 MW. All those power plants produced 162,400 MWh of power last year.