Europe wants to build lots more renewables to strengthen its energy security and industrial competitiveness. The geopolitical situation poses new questions around the security of these assets. At its Annual Roundtable on Energy Security NATO confirmed its determination to protect critical energy infrastructure. The war in Ukraine has radically changed the threat landscape across Europe, [...]
Bank Gospodarstwa Krajowego and Polenergia S.A. have signed a loan agreement from NRP funds for the construction of offshore wind farms. The financing will amount to PLN 750 million and will be used to build two wind farms with a total capacity of 1440 MW. On 18 December 2024, Bank Gospodarstwa Krajowego and Polenergia S.A. [...]
Ignitis Renewables is set to become the first company in Lithuania to implement cutting-edge bird monitoring technology developed by ProTecBird. This innovative system will detect and identify birds approaching wind turbines in real time. Upon detection, the turbines will be temporarily halted, safeguarding birds from potential collisions. The technology aims to balance environmental conservation with [...]
The world will need 532,000 new wind technicians by 2028 to meet the increasing demand for onshore and offshore wind, according to the Global Wind Workforce Outlook, a new report from the Global Wind Energy Council and Global Wind Organisation. The report finds that 40% of those roles will need to be filled by new entrants, [...]
The Commission has published the first projects that were awarded a Strategic Technologies for Europe Platform (STEP) Seal, a quality label which gives more visibility to promising projects in clean and resource-efficient tech, and deep and digital tech. This label will help attract additional EU public and private funding and support services. The first 130 projects [...]
The Swedish Wind Energy Association (Svensk Vindenergi) has given a negative assessment of the proposals outlined in the offshore wind report submitted to the Swedish government by a special committee. The association points to the lack of solutions for projects that are already in the permitting process and doubts that the proposed changes will contribute [...]
In next spring’s municipal elections, decisions will be made not only about Finnish renewable energy projects but also about the future of Finland’s economic growth. Municipalities play a direct role in many key aspects of renewable energy projects. Renewables Finland believes that municipalities’ decision-making authority and influence must remain strong in the preparation phase of [...]
The first Projects of Energy Community Interest (PECIs) have been adopted at the Energy Community Ministerial Council in Vienna. With the participation of Commissioner for Energy and Housing Dan Jørgensen – his first official meeting outside Brussels – the meeting also approved a recommendation aiming to enhance the deployment of renewable energy projects in Energy Community countries. Comprising [...]
EU researchers are helping policymakers reconcile competing demands in a region full of natural resources, beauty and tradition. By Bárbara Pinho Above the Arctic Circle in Finland’s municipality of Inari, the largest and most sparsely populated region of Finnish Lapland, leading sources of income are tourism and the cold-climate testing of cars, tyres and components. The [...]
Researchers are helping residents across the EU opt for clean energy. By Helen Massy-Beresford Europe has a common goal of clean energy and numerous paths towards it. One of the routes leads through playgrounds in Berlin. Outdoor children’s spaces in the German capital have been a focal point of efforts to inform women about the [...]
The Liivi Bay offshore wind farm, developed by Enefit Green, has undergone an environmental impact assessment. The expert group identified that, with the implementation of appropriate mitigation measures, the farm has no significant negative impacts on the natural and human environment and promotes labor market activity and increases municipal revenues. The expert group from Skepast [...]
At Smulders' Polish facilities, the final production work is being carried out on key foundation elements for the Baltic Power offshore wind farm. These are the so-called transition elements that will connect the foundations to the wind turbines. Once assembled, they will set off for the transhipment port. Already in the first quarter of 2025, [...]
The Bundesnetzagentur published the results of the auction for onshore wind farms that closed for bids on 1 November 2024. "The bids submitted shattered the old record, which was set in the previous auction, with more than twice as much volume and nearly as many bids as in all the 2023 auctions combined. The very [...]
Cargo ships and cruise liners may soon be harnessing the power of wind and waves to reduce their carbon emissions thanks to EU-funded researchers. By Tom Cassauwers In August 2023, a five-year old cargo ship, Pyxis Ocean, made history when it set sail from Shanghai, China, heading towards the southern Brazilian port of Paranaguá. A [...]
Polish Ministry of Climate has published a new version of the regulation on maximum energy prices at auctions for offshore wind farms. The changes, resulting from an amendment to the so-called Offshore Act, introduce differentiation of support rates under 25-year strike price contracts depending on the location of the wind farms, with the aim of [...]
The European Commission has approved a €2.6 billion Estonian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF') adopted by the Commission on 9 March 2023 and amended on 20 November 2023 and on 2 [...]
In January 2025, the Baltic Power offshore wind farm will enter a critical phase of its development. The project, a joint venture between Orlen and Northland Power, will see the start of the marine stage of construction, which involves the installation of the wind turbine foundations. These massive structures will support the installation of turbines [...]
The Environmental Impact Assessment (EIA) program describes the entire environmental impact assessment process, such as the scope and methodology of environmental studies to be conducted in the Estonian marine area, community involvement, etc. Proposals, objections, and questions regarding the program were submitted during the public display period and at public discussions by neighboring countries, state [...]
Denmark’s latest 3 GW offshore wind auction round ended without any bids. That’s a huge disappointment for Denmark and for Europe’s wider energy security and electrification efforts. The failure to attract bids results from Denmark’s auction design – including its unhealthy uncapped negative bidding. The Danish Government must now quickly retender the lost volumes. And [...]
Joint venture companies Equinor and Polenergia, which are developing the Bałtyk 2 and Bałtyk 3 offshore wind farm projects, have signed energy sales agreements with Danske Commodities, which will be responsible for selling the electricity produced by the farms on the Polish wholesale and balancing market. Danske Commodities, which is part of Equinor, will also [...]
A new report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies. The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing and [...]
The situation in the Baltic Sea, one of the five most polluted seas in the world, has not improved in recent years, but efforts of various public groups, public authorities and businesses can yield results. Curonian Nord offshore wind farm, currently under development by an international green energy company, Ignitis Renewables, can also benefit the [...]
The National Energy Regulatory Council (NERC) has launched a second tender to select a developer for an offshore wind farm in Lithuania’s territorial waters of the Baltic Sea. Tenderers have until 18 March 2025 to submit their applications and documents to NERC. The winner of the tender, which recognises national security interests, is expected to [...]
The event is dedicated to companies and organisations working in the field of technological innovation and interested in collaborating on projects in the offshore wind energy sector. Workshops and presentations will be conducted in Polish and English, and an option for participants to translate from English to Polish via the Zoom platform will be available. [...]
In order to ensure a smooth process of signing documents for the offshore wind tender, the electricity transmission grid operator Litgrid publishes the draft protocol of intentions for connection to electricity transmission networks. Litgrid will sign this document with all developers seeking to participate in the tender for the use of marine territory for the [...]
GWO and IRENA will initiate discussions of how global standards can best support skilled workforce development, in line with 2030 targets. Co-publication of the Jobs4RE Workforce Training Guidelines for the Wind Industry is set to follow in 2025. Global Wind Organisation (GWO) is combining forces with the International Renewable Energy Agency (IRENA) to present “Jobs4RE- [...]
In the second quarter of 2024, the EU economy greenhouse gas emissions were estimated at 790 million tonnes of CO2-equivalents (CO2-eq), a 2.6% decrease compared with the same quarter of 2023 (812 million tonnes of CO2-eq). The EU’s gross domestic product (GDP) registered a 1.0% increase in the second quarter of 2024, compared with the same quarter of 2023. This information comes from data [...]
How are renewable energy projects implemented in other countries, and how do municipalities collaborate with local communities? What can we learn, and what practical ideas can we adopt when implementing the joint Latvian-Estonian offshore wind energy project ELWIND? In cooperation with the Danish Embassy in Latvia, a trip was organized for municipal representatives and opinion [...]
Lithuanian National Energy Regulatory Council (NERC) approved the highest possible price for the purchase and sale of electricity from renewable resources - 125.74 EUR/MWh and the lowest price limit for the transaction - 75.45 EUR/MWh. The maximum possible transaction price is determined taking into account the average annual amount of electricity production; average variable and [...]
Three Polish fishing vessels will support the construction of the Baltic Power offshore wind farm. They will begin work with the start of the offshore installation work scheduled for early 2025. Baltic Power is the only offshore wind farm project in the Polish part of the Baltic that has reached the construction phase. In addition [...]
The Polish government has adopted a law to promote the development of offshore wind energy by allowing different maximum electricity prices to be set depending on the specific characteristics of individual maritime areas. The new legislation gives the Minister for Climate and Environment the ability to issue a regulation that will set differentiated maximum prices [...]
TAURON has commissioned the Mierzyn wind farm, thereby achieving 0.5 GW of onshore installed capacity. The power plant, with a total capacity of 58.5 MW, is located in the municipality of Karlino, in the West Pomeranian province. Production from the latest power plant will meet the energy needs of 68,000 households. - The expansion of [...]
OX2 has commissioned the Wysoka Wind Farm, owned by IngkaInvestments, the investment arm of the Ingka Group, the world's largest IKEA franchise company. The farm has installed the largest wind turbines in Poland, achieving unprecedented power in the local onshore market. Located in the Piła district, in the Greater Poland voivodeship, the wind farm consists [...]
As the COP29 UN Climate Change Conference opens in Baku, Azerbaijan, from November 11 to 22, climate leaders, including the European Union (EU), gather to address one of the most pressing challenges of our time: securing a sustainable, climate-friendly future. This year, the summit is poised to prioritize climate finance, critical emissions reductions, and renewable [...]
A state-of-art vessel has arrived at the Port of Gdynia - the Svanen - a heavy-lift vessel from Van Oord’s fleet designed for the installation of offshore wind farm foundations. This particular vessel that will start the first offshore wind farm construction in the Polish part of the Baltic Sea - Baltic Power - at [...]
Vattenfall, following the sale of its Berlin district heating business, has announced a new strategy for the German market, which involves significant investment in the development of renewable energy production infrastructure and the development of electromobility. Investments in excess of €5 billion are planned until 2028. The main objective is to create a zero-carbon energy [...]
The Board of Directors of the European Investment Bank (EIB) has approved financing for the construction of two wind farms in the Baltic Sea with a total capacity of 1440 MW. This information was shared by Teresa Czerwińska, vice-president of the EIB, on her LinkedIn profile. Although details of the specific projects have not been [...]
The Ministry of Climate and Environment of Poland has announced an increase in the planned capacity volume for the first offshore wind auction in 2025 from the original 2.5 GW to 4 GW. Four auctions are planned between 2025 and 2031, which will allow for a total capacity of up to 12 GW. The changes [...]
As Lithuania plans to develop offshore wind parks in the Baltic Sea, an additional survey of an almost 6.5 km long underwater object was carried out by order of the Ministry of Energy. The experts of the Coastal Research and Planning Institute established that the object could be a part of a cut cable or [...]
In order for Lithuania to develop offshore wind parks in the Baltic Sea and to reduce the country's dependence on electricity imports and fossil fuels, preparatory work is underway for the tender in which the developer of the park will be selected. The electricity transmission grid operator Litgrid has announced the updated preliminary conditions for [...]
Ocean Winds, together with the Industrial Development Academy (PAR), has summed up the third edition of the ‘Career with the Wind’ programme - an educational initiative aimed at preparing technical school students for work in the offshore wind energy sector. The programme is aimed at young people from across Poland to familiarise them with career [...]
The European Commission has published the 2024 Climate Action Progress Report, showing that net EU greenhouse gas (GHG) emissions fell by 8.3% in 2023 compared to the previous year. This is the largest annual drop in decades, with the exception of 2020 when COVID-19 led to emission cuts of 9.8%. Net GHG emissions are now 37% below 1990 levels, while GDP [...]
Below we present an editorial published by the Finnish Ministry of Economic Affairs and Employment. The author - Katja Tuokko is a Senior Specialist in the Energy Department of the Ministry of Economic Affairs and Employment. She has been involved in coordinating the update of the Sectoral Low-Carbon Roadmaps. By summer 2023, only three years [...]
Finland is on the brink of a major transformation in renewable energy with the development of its first industrial-scale offshore wind farm in Korsnäs, a small coastal community near Vaasa. This ambitious project, led by Vattenfall in collaboration with Metsähallitus, highlights Finland’s growing commitment to renewable energy and energy independence. With a projected capacity between [...]
The amendment to the Act on offshore wind farms, which is being worked on by the Ministry of Climate and Environment, aims to streamline the investment process in this sector. One of the key elements of the proposed changes is the introduction of the possibility to set different maximum prices in auction bids for different [...]
Swedish Defence Minister Pal Jonson informed that Swedish government decided to reject the applications of 13 offshore wind farms in the Baltic Sea, while granting one (Poseidon) on the Swedish west coast. According to the Minister Jonson - the reaction time in the event of a missile attack could go from 2 minutes to 60 seconds [...]
The United Nations’ latest NDC Synthesis Report reveals a sobering reality: current national climate commitments fall drastically short of the reductions required to limit global warming to 1.5°C. Despite recent efforts, nations’ existing Nationally Determined Contributions (NDCs), even if fully implemented, would yield only a 2.6% decrease in greenhouse gas emissions by 2030, relative to [...]
A recent report by Svensk Vindenergi, updated from June 2023, offers a crucial lens on the investment climate for offshore wind in Europe, spotlighting significant differences across various markets. With data covering 11 countries around the Baltic and North Seas, this report underscores Sweden's unique and somewhat isolated stance in terms of regulatory and investment [...]
Finland's Ministry of Economic Affairs and Employment has established a coordination group to accelerate offshore wind power development. The group will work on creating a comprehensive "situation picture" of the sector, coordinating the timeline, and selecting sites for offshore wind projects in Finland’s territorial waters and exclusive economic zone. This initiative aligns with Finland's ambitious [...]
As Lithuania, Latvia, and Estonia prepare to synchronize their electricity grid with Continental Europe in just 100 days, the Baltic States have already set their sights on the next transformative initiative: a Joint Baltic Energy Hub. On 31 October in Vilnius, Dainius Kreivys, Lithuania’s Minister of Energy; Kaspars Melnis, Latvia’s Minister of Climate and Energy; [...]
The Estonian Ministry of Climate and Finland’s Ministry of Economic Affairs and Employment signed a Memorandum of Understanding (MoU) concerning the protection and repair of underwater energy infrastructure. The Underwater Energy Infrastructure MoU was signed by Minister of Climate and the Environment Kai Mykkänen and Estonia’s Minister of Climate Yoko Alender in Helsinki in September [...]
Seaway7 has announced the award of a substantial contract by Ørsted for the transport and installation of the inter-array cables of the Hornsea 3 offshore wind project located in the UK sector of the North Sea. Seaway7’s scope of work covers the transportation and installation (T&I) of 192 66kV inter-array cables, measuring approximately 500 kilometres [...]
As part of a new partnership with leading scientists to improve monitoring of marine life, RWE has launched the SeaMe (Sustainable ecosystem approach in Monitoring the marine environment) project at its Kaskasi offshore wind farm off the German coast. The objective is to gain a comprehensive understanding of the interactions between offshore wind farms and [...]
By 2030, Europe will be short of all key components, services and human resources for the sector. For some segments of the supply chain, bottlenecks are already visible today or will become apparent in 1-2 years. The Polish industry has great potential to be a significant player in the global offshore wind supply chain. However, [...]
OX2 has signed an asset management agreement for Piiparinmäki wind farm with Nuveen Infrastructure. Under the agreement, OX2 will be responsible for the technical, commercial and financial management of the Piiparinmäki wind farm, to ensure optimal asset performance on the behalf of Nuveen Infrastructure, the private infrastructure investment business of $1.2tn global asset manager Nuveen. [...]
Warsaw, 21 October 2024: Ocean Winds, a joint venture formed by EDPR and ENGIE dedicated to offshore wind energy, has signed an agreement with Bureau Veritas Polska Sp. z o.o. to carry out the certification of the Polish BC-Wind offshore wind farm project. The certification will be carried out in accordance with IECRE OD-502:2018 scheme [...]
The state of Mecklenburg-Vorpommern has unveiled its new Maritime Future Concept, a strategic roadmap aimed at strengthening its maritime economy as a crucial component of the region’s socio-economic and environmental transformation. The Concept, presented today to Minister-President Manuela Schwesig and Minister of Economic Affairs, Infrastructure, Tourism and Labour, Reinhard Meyer, aims to position the state [...]
Polenergia S.A. has announced the signing of key crew transportation contracts for two of its offshore wind farm projects, offshore wind farm Bałtyk II and offshore wind farm Bałtyk III. The projects are being developed as part of a joint venture with Norwegian giant Equinor Wind Power AS, and the new contracts are key to [...]
The Ministry of Climate and Environment has prepared a draft amendment to the law on the promotion of electricity generation in offshore wind farms. The regulations aim to accelerate and streamline implementation, as well as to improve investment conditions for offshore wind farm projects. The request for an entry on the list of works of [...]
The Energy Ministers of the 9 North Seas countries held their annual meeting yesterday in Odense, Denmark. They reaffirmed their ambition to transform the North Seas into “Europe’s green power plant.” They gave clear recommendations to the new EU Commission how best to support that. Notably on the need to further strengthen Europe’s wind energy [...]
The Dutch company Van Oord has set up operations at the habour, preparing for the shipment of massive foundations for a new wind turbine project in the Baltic Sea. This exciting project will run well into 2025 and requires local workforce support and contributions from local suppliers. One of the first tasks is establishing sandbanks [...]
EU electricity market returned to a much more stable and predictable situation in the second quarter of 2024 relative to the same period in 2023, according to the new Quarterly Reports for electricity as well as gas markets published by the European Commission on 24 October. The reports highlight the acceleration of a number of [...]
Germany has unveiled a five-point Action Plan to ensure fair competition and data security in the wind energy sector. The German Economy and Energy Ministry (BMWK) is addressing challenges that threaten the European and German wind energy supply chain, particularly unfair competition from international, non-European competitors, and cybersecurity risks linked to non-European wind turbines. Key [...]
The European Sea Ports Organisation (ESPO) has launched its Environmental Report 2024 during the GreenPort Congress in Le Havre, hosted by HAROPA PORT. The report is part of the EcoPorts initiative, which promotes environmental sustainability across European ports. This year’s edition features data from 83 ports across 21 countries, offering valuable insights into environmental management [...]
The Danish Energy Agency adopts a plan for the future offshore wind farms Kattegat and Kriegers Flak II. This is based on an environmental assessment of the plan and having received consultation responses. The plan for Kattegat and Kriegers Flak II describes the framework for two future offshore wind farms in Kattegat and the Baltic [...]
Statkraft has submitted a licence application to the Swedish government for the Baltic Offshore Delta North wind farm with an installed capacity of 2.1 GW. The wind farm is located in Sweden's economic zone, approximately 100 kilometres east of Stockholm and 55 kilometres east of Sandhamn Island. The Stockholm region will have the potential to [...]
Electrification Alliance, supported by i.e. WindEurope published its poistion paper on Clean Industry Deal. Electrification must power the Clean Industrial Deal as it improves the EU’s resilience, and unlocks flexibility and cost savings. Key recommendations are following: Electrification is necessary and possible: Many industrial processes can already be electrified today, for large parts of the [...]
ELWIND published details on the preparation of the environmental impact assessment (EIA) program. It program describes the entire process of environmental impact assessment, for example the scope and methodology of environmental studies conducted in the Estonian marine area, community involvement, etc. Proposals, objections and questions about the EIA program could have been submitted during the [...]
The first shipments of foundation monopiles for the Baltic Power offshore wind farm have set off from Steelwind's factory in Nordenham. There will be 26 shipments to the transhipment port, from where they will depart for the offshore construction site in early 2025. Source: Baltic Power Baltic Power is the most advanced offshore [...]
PLN 750 million from the Green Bonds issue has been credited to Polenergia's account. Poland's largest private energy group allocated them to 57 investors. Polenergia will use most of the funds to build offshore wind farms. Two most advanced projects, Bałtyk 2 and Bałtyk 3, with a total capacity of 1440 MW, have complete building [...]
Etha, Sitowise, and Pondera have formed a strategic alliance to enhance the development of offshore wind projects in Finland. This partnership aims to deliver a wide range of services across the entire project lifecycle, offering expert solutions to bring Finnish offshore wind projects to the market. The collaboration brings together the distinct expertise of each [...]
The installation of all wind turbines at the 476 MW Baltic Eagle offshore wind farm has been successfully completed. This marks a major milestone for the joint venture between Iberdrola, a global leader in renewable energy, and Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy pioneer. Once fully operational, Baltic Eagle will [...]
During the 2nd Offshore Congress held in Emden in Germany, around 100 representatives from politics, trade unions, industry, and associations discussed the state and future of offshore wind energy. The discussion clearly emphasised that the northern German states have enormous potential to strengthen their position as the "political heart of Europe." To achieve this, it [...]
The Offshore Supply Vessel (OSV) Coastal Liberty has commenced operations using a hydrogen-electric energy system in the German Wadden Sea. This initiative aims to reduce emissions associated with maritime activities, aligning with broader efforts to transition towards sustainable energy sources in the shipping industry. The hydrogen system, developed by Hamburg-based eCap Marine, received class certification [...]
Ignitis Group has unveiled its intention to participate in the second tender for offshore wind rights in the Baltic Sea, which will allocate around 700 MW of capacity. The company has also launched a process to select a partner for potential developments. This tender, overseen by the National Energy Regulatory Council (NERC), is scheduled to [...]
The first monopiles for the Baltic Power offshore wind farm have been shipped from Steelwind’s plant in Nordenham, Germany, and are now en route to the installation terminal. These massive steel foundations will form the backbone of Poland’s first offshore wind farm, with a total of 78 monopiles set to be installed: 76 for the [...]
Future-Proofing Germany’s Power Grid: Meeting Technology Demands by 2045 Germany is racing to expand and modernize its power grid, a critical move to support the country's energy transition. Renewable energy sources such as offshore wind farms, solar power, and storage systems, alongside growing demand from heat pumps, electric vehicles, and data centers, are placing unprecedented [...]
A new industrial and service hub will be established at the Port of Gdańsk, designed to support installation vessels for the construction and operation of offshore wind farms. The Center for EU Transport Projects has signed an agreement with the contractor for the installation terminal. This significant project will receive over PLN 900 million in [...]
Faced with dynamic changes in labour and raw material costs, the Polish government has decided to raise the maximum price for energy generated by offshore wind farms. Under Phase II of offshore development, the strike price is to increase from the originally proposed PLN 471.83/MWh to PLN 512.32/MWh, an increase of around PLN 40. The [...]
On the occasion of this year's WindEnergy trade fair and following the opening of its Renewable Energies Hub in Hamburg, TotalEnergies has announced the names of the offshore wind projects that the company will develop in Germany in the North and Baltic Seas: NordSee Energies 1, NordSee Energies 2 and OstSee Energies. The Nordsee Energies [...]
In its plenary session on October 3rd, the Finnish government decided to submit a government proposal to Parliament for legislation on offshore wind power in the exclusive economic zone. According to Renewables Finland assessment swift progress would enable the rapid initiation of competitive bidding for offshore wind power areas, allowing Finland to capitalize on the significant [...]
Baltic Power has announced plans to implement a temporary compensation scheme for fishermen fishing in the area where the first Polish offshore wind farm is planned. The squares in question are O7, O8, N7, N8, approximately 23 km from the shore. The solution is transitional and will remain in force until a ministerial decree regulating [...]
The 2nd edition of the 'Competencies for Offshore Wind' conference organised by the Offshore Wind Energy Centre of Gdnia Maritime University will take place on 15 October. Poland is intensively developing the offshore wind energy sector, which is soon to become one of the pillars of energy generation in the country. Multi-billion dollar investments in [...]
Litgrid and Svenska kraftnät, Lithuanian and Swedish transmission system operators, have signed a contract with Hitachi Energy to upgrade the control system of NordBalt HVDC interconnector. During the upgrade, control system logic, which will enhance grid stability of the Baltic countries and Sweden, will be installed. “NordBalt interconnector is one of the most important objects [...]
Polenergia and Equinor are taking another important step in the development of the Bałtyk 1 offshore wind farm. The companies have signed an agreement for advisory services in terms of design work and obtaining a set of construction permits. Bałtyk 1 is the project of the largest wind farm in the Polish part of the [...]
Equinor ASA has acquired 41,197,344 shares in Ørsted A/S (“Ørsted”), corresponding to 9.8% of the shares and votes in the company. The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year 2024. The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which [...]
The Government of the Republic of Lithuania has approved the updated National Energy and Climate Plan 2021-2030 (NECP) submitted by the Ministries of Energy and Environment. In line with the requirements of the European Union Regulation on the Governance of the Energy Union and Climate Action, the updated document sets out targets and measures that [...]
RWE and TotalEnergies agreed to jointly develop two large offshore wind projects off the German coast with a total capacity of 4 gigawatts (GW). To this end, TotalEnergies will acquire a 50% equity stake in both projects from RWE. When RWE was awarded the sites, in the latest offshore wind auction in Germany in August, it was [...]
Wind power is playing an increasingly important role in the global energy transition, becoming one of the key sectors supporting the development of renewable energy sources (RES). In 2023, the sector installed a record 115 GW of new capacity, a significant increase on the previous year and surpassing the previous record set in 2020. Employment [...]
The Lithuanian government has announced that the tender for the construction of a second 700 MW offshore wind farm will be launched on 18 November 2024. This is another step towards increasing local energy production from renewable sources, which has increased from 30 to almost 70 per cent in recent years. In July, the Seimas [...]
In the Lubiatowo area, the first of four directional drills under the coastline, beach, and seabed has been successfully completed, with no direct impact on areas of high ecological value. This phase of the project paves the way for connecting the Baltic Power offshore wind farm to its onshore substation. The 1.4 km tunnel will [...]
A new study from the Fraunhofer Institute for Energy Economics and Energy System Technology IEE has analysed the economic effects on the European energy system of introducing offshore hydrogen production. The study considers the expansion of the German 70 GW buildout target of offshore wind and examines the economic effects by allowing offshore hydrogen production [...]
On October 16, 2024, during the OTD Bergen 2024 Trade Fair in Bergen, Norway, a multilateral event will bring together key stakeholders from Poland, Norway, and Latvia to discuss the future of offshore wind energy. The event is organized by the Polish Agency for Enterprise Development (PARP) in collaboration with Innovation Norway, Polish Investment & [...]
PGE plans to finalise financing for the Baltica 2 offshore wind project next month, as stated by PGE CEO Dariusz Marzec. The Baltica 2 project, with a capacity of about 1.5 GW, is one of key stages in the development of offshore wind farms in Poland, implemented by PGE in cooperation with Danish energy giant [...]
Cadeler A/S has signed firm contracts with the offshore wind farms Bałtyk 2 and Bałtyk 3, both being joint venture projects owned 50% by Equinor and 50% by Polenergia. The total potential value of these contracts to Cadeler is expected to be in the range of EUR 120-144 million, with operations scheduled to begin in [...]
The signal is unmistakable: The wind energy industry stands ready to tackle the challenges of the energy transition. For four days, the Who's Who of the international wind industry gathered in Hamburg to exchange insights at WindEnergy Hamburg, the global flagship fair, and showcase the latest technologies for onshore and offshore wind energy. An unprecedented [...]
The Ministry of Energy of Lithuania proposes to announce the tender for the development of the second 700 MW offshore wind park in Lithuania on November 18 of this year. The decision on the tender date must be taken by the Government. The park would provide a quarter of Lithuania's current electricity needs. The area [...]
With Lithuania planning to develop two offshore wind farms in the Baltic Sea with a combined capacity of 1.4 GW, the Ministry of Energy has approved the Concept Plan for the Development of Offshore and Onshore Engineering Infrastructure for a Project of Special National Interest. "Offshore wind energy projects are particularly important for Lithuania's efforts [...]
On September 6, Estonian Ministry of Climate submitted a draft amendment to the Electricity Market Act and the Energy Sector Act for review, aimed at establishing conditions for offshore wind energy development and setting up a support scheme for this sector. “Clean and affordable energy is the foundation of both well-being and economic growth for [...]
As winter approaches, Fingrid, Finland’s electricity transmission system operator, has released an assessment of the nation's electricity supply for the 2024–2025 winter season. According to Fingrid, Finland’s electricity supply should remain stable, provided there are no major disruptions in domestic production or electricity imports. However, the likelihood of short-term electricity shortages could increase if significant [...]