EU energy ministers met in Luxembourg to agree a general approach on the European grids package, including EU funding to repair undersea energy infrastructure damaged by sabotage — a priority for the Baltic Sea region.
The Baltic Sea Hydrogen Collector held its first networking event in Helsinki, matching Finnish and Baltic hydrogen producers with Central European buyers ahead of any pipeline.
Interior ministers of nine Baltic Sea states met in Helsinki to coordinate joint measures against drone threats to critical infrastructure and public safety.
Gasgrid Finland, Nordion Energi, OX2 and Copenhagen Infrastructure Partners will study an offshore hydrogen pipeline linking Finland, Sweden and Germany by 2030 to turn Baltic offshore wind into a hydrogen market.
Metsähallitus has used GPS tracking of the globally threatened Baltic gull to map feeding areas and flight paths around its planned Ebba offshore wind farm in Finland.
EU finance ministers agreed to extend the Carbon Border Adjustment Mechanism to downstream steel and aluminium products, roughly doubling the Commission's proposed scope.
Finland's Vetyalfa will receive a record EUR 224m from the EU Innovation Fund for its Cloudberry green hydrogen project, having bid the lowest price for the largest volume.
The Baltic Sea Region Forum in Turku attracted a record 580 participants to debate security, energy infrastructure, and geopolitical resilience across the Baltic and Arctic.
The third day at the WindEurope Annual Event 2026 is all about offshore wind. Europe needs to move from crisis to confidence – with homegrown and secure renewable electricity. Three months after the North Sea Summit in Hamburg, governments and industry meet in Madrid to turn offshore wind commitments into action. The war in Iran [...]
The second list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) has been published in the Official Journal of the European Union . It outlines 235 selected cross-border energy infrastructure projects that will strengthen energy connectivity across the continent, bringing nearer the completion of the Energy Union. Once in force, in 20 days time, it [...]
Finland has reached a significant milestone in renewable energy: the combined capacity of domestic wind power and utility-scale solar power has exceeded 10 gigawatts (GW). This is three times the total capacity of Finland’s hydropower and corresponds to roughly 6–10 large nuclear reactor units. Fast-to-build and cost-effective wind and solar power are key drivers of [...]
Over the course of its life cycle, the Korsnäs Offshore Wind Project may generate an estimated 40,000 person-years in Finland, overall economic impacts of up to EUR 20 billion, and a total of EUR 3-4 billion in tax revenue for the state. The estimates are based on Vattenfall’s own calculations and a study prepared by [...]
Good evening, let me start with the Middle East. The situation in the region is extremely serious. It is causing great instability, suffering, and growing risks far beyond the region itself. This is why we need de-escalation and maximum restraint, the protection of civilians and civilian infrastructure. And I want to say a word about [...]
A growing share of wind turbines installed in Sweden and Finland during the early phases of Nordic wind development are now approaching the end of their 20–25-year design life. At the same time, much of the underlying infrastructure — including permits, grid connections, foundations and access roads — remains fully functional and retains significant long-term [...]
The European Commission today published its Industrial Accelerator Act. It aims to strengthen Europe’s economic competitiveness and to boost its clean tech manufacturing capacity. A simple and harmonised implementation of these new rules will be critical to its success. The last days have shown, yet again, how vulnerable Europe’s energy system is to geopolitical shocks. Natural gas [...]
On 4 February, representatives of the Nordic Council of Ministers’ Office in Latvia met with Kaspars Melnis, Minister for Climate and Energy. The meeting brought together Nina Hvid Enevoldsen, Director of the Office, and Gints Janums, Energy and Sustainability Advisor, alongside representatives of both institutions. The courtesy meeting highlighted 35 years of Nordic-Baltic cooperation and [...]
Regional leaders from across Northern Europe gathered on 28-29 January in Stockholm, Sweden, for a joint meeting and seminar of the CPMR Baltic Sea Commission and the CPMR North Sea Commission Executive Committees. Representing 47 regional authorities[i], the Executive Committees adopted a Political Declaration calling for Reinforced Regional Cooperation in Northern Europe to increase Competitiveness, Resilience, [...]
Submarine data cables, carrying 99% of intercontinental internet traffic, are essential for modern life and the European economy. As the EU faces increasing risks to this critical infrastructure, the European Commission is intensifying efforts to enhance its security and resilience. It was introduced a new Cable Security Toolbox of risk mitigating measures and a list [...]
Across Europe, consumers are optimistic towards the energy transition yet almost everyone wishes for stronger governmental support. Many value a climate-friendly lifestyle but there is a gap between countries. Also, every second consumer would be willing to pay more for fossil-free electricity. All according to the latest results in Vattenfall’s Energy Barometer. On behalf of [...]
Submarine data cables, carrying 99% of intercontinental internet traffic, are essential for modern life and the European economy. As the EU faces increasing risks to this critical infrastructure, the European Commission is intensifying efforts to enhance its security and resilience. Yesterday, it introduced a new Cable Security Toolbox of risk mitigating measures and a list [...]
The European Commission has opened an in-depth investigation to assess, under the Foreign Subsidies Regulation ('FSR'), the activities of Goldwind Science & Technology Co., Ltd. ('Goldwind') in the production and sale of wind turbines and the provision of related services within the EU. The Commission has preliminary concerns that Goldwind may have been granted foreign [...]
Metsähallitus, the Finnish state-owned forestry and land management company, has agreed to transfer project rights for three wind power developments to Finnish renewable energy developer Nordic Generation. The three projects, located in Simo, Kajaani, and Pyhäntä, will add up to 800 MW of clean, green power to Finland’s energy grid, in a move to support [...]
Regional leaders from across Northern Europe gathered on 28-29 January in Stockholm, Sweden, for a joint meeting and seminar of the CPMR Baltic Sea Commission and the CPMR North Sea Commission Executive Committees. Representing 47 regional authorities , the Executive Committees adopted a Political Declaration calling for Reinforced Regional Cooperation in Northern Europe to increase [...]
The Finnish Hydrogen Cluster has published a hydrogen economy roadmap, which provides the guidelines and measures to elevate Finland into Europe’s most competitive hydrogen economy by 2035. The measures presented in the hydrogen economy roadmap focus on areas such as initiatives to boost the hydrogen market, the increased availability of clean energy and biogenic carbon [...]
In 2025, ENTSO-E delivered a comprehensive set of legally mandated activities that reinforces its role in supporting the secure and efficient operation of Europe’s power system. In total, 96.3% of projected deliveries under the AWP 2025 were successfully completed. Key achievements of 2025 include the publication of the Bidding Zone Review report, the publication of ERAA 2025, [...]
When the Finnish Defence Forces publish their Military Intelligence Review, the document is not written for the energy sector. Yet the 2026 edition should be required reading for everyone involved in offshore wind, grids, ports, and maritime industry development around the Baltic Sea. The reason is simple. The report confirms that the Baltic Sea has [...]
At Estonian Defence Week, one of the most thought-provoking sessions was the panel on Cross-Border Innovation Cooperation, featuring insights from Jaan Kokk (Superangel), Kati Pärn (Startup Estonia), and Mika Rantakokko (VTT Finland). The discussion highlighted the urgent need for regional collaboration in defence innovation and the unique strengths that Estonia and Finland bring to the [...]
As Europe’s energy landscape evolves new strategic hotspots for resilience and growth are emerging, notably the Baltic Sea. The countries of the Baltic Sea region and Central and Eastern Europe have built their energy policies around security of supply for many years. Baltic Sea countries are also well-established and fast-growing markets for new energy developments, [...]
It is once again time to highlight the most significant achievements and contributors in the field of renewable energy in Finland, as the nominees for the 2025 Energy Transition Promoter Award have been announced. The award is given to an achievement or activity that has contributed to supporting or accelerating the growth and development of [...]
Europe’s wind industry is preparing for one of its flagship gatherings as more than 16,000 participants and 500 exhibitors head to IFEMA Madrid for WindEurope’s Annual Event 2026, taking place from 21 to 23 April 2026. This year’s edition brings together the full wind value chain at a pivotal moment for Europe’s energy transition. Attendees [...]
WindEurope has officially launched the Call for University Proposals for its 2026 Annual Event, taking place on 21–23 April 2026 in Madrid. The organisation invites universities across the EEA, Switzerland and the UK to submit applications for student participation in one of Europe’s most important wind energy gatherings. The 2026 edition introduces a significant thematic [...]
On 4 December 2025, the Government submitted the national Energy and Climate Strategy to Parliament as a report. In line with the Government Programme, the strategy will accelerate the clean transition, reduce greenhouse gas emissions and strengthen carbon sinks. “The Energy and Climate Strategy compiles the Government’s energy and climate policies that have been agreed [...]
The backbone of European energy system, the grids infrastructure, will be modernised and expanded to unleash its full potential. The Commission's European Grids Package and the Energy Highways initiative, proposed today, will enable energy to flow efficiently across all Member States, integrating cheaper clean energy and accelerating electrification. This will help lower energy prices and support affordable living for all Europeans. It will ensure secure [...]
On December 1, 2025, Elering submitted an application to the Ministry of Economic Affairs and Communications to initiate a special national plan with the aim of determining the possible construction conditions for the Nordic–Baltic Hydrogen Corridor (NBHC) The planning process will clarify whether and under what conditions it would be feasible to build a hydrogen [...]
The International Energy Agency’s World Energy Outlook 2025 confirms that electricity is quickly becoming the backbone of the global energy system. Electricity demand is soaring. Renewables are continuing to rise globally. But Governments are too slow in delivering the infrastructure needed to electrify industry, mobility and heating. And they need to address new supply chain [...]
Enefit Green has signed an agreement to sell its Tolpanvaara wind farm in Finland to TD Greystone Infrastructure Fund, marking a strategic step in focusing on the Baltics and Poland markets. Rabbalshede Kraft AB will be managing Tolpanvaara on behalf of TD Greystone Infrastructure Fund. “Tolpanvaara is Enefit Green’s only wind farm in Finland. As [...]
(Wiesbaden/Helsinki, 28 November 2025) ABO Energy has completed the sale of a 4.4-gigawatt (GW) wind energy portfolio in Finland to Fortum, a leading Finnish energy company. The transaction, which closed on November 28th, includes 29 wind power projects across the country. The cash and debt-free purchase price amounts to approximately EUR 40 million. The initial [...]
The Finnish Government has today decided on the regulatory provisions on wind and solar power to be included in the new Land Use Act. The fixed 1,250-metre set-back-distance between wind turbines and houses would prevent wind power development in southern Finland and on industrial sites. The proposed rules for solar power risk constraining a sector [...]
The European Union will effectively and permanently stop the import of Russian gas and move towards the phaseout of Russian oil under the provisional political agreement reached by the European Parliament and the Council today. This historic decision will end the EU's dependence on an unreliable supplier, which has repeatedly destabilised European energy markets, put at [...]
Renewables are the cheapest form of power generation. But this doesn’t tell the full story. What about the costs of grids, storage, and back-up? WindEurope’s latest study done in cooperation with Hitachi Energy shows that even when accounting for the grids, storage and back-up, a system running on high shares of renewables is the cheapest, [...]
NORTHERN BALTIC SEA – The ships from Standing NATO Mine Countermeasures Group 1 (SNMCMG1) returned to Finnish waters to participate in the annual multinational joint exercise Freezing Winds 25. Ships assigned to the group will assemble in Turku, Finland, before setting sail for the Gulf of Finland, off the southern coast of Finland in the [...]
Euro-Atlantic security will be significantly strengthened in the High North and Baltic Sea as the UK and allies from across the region ramp up their military cooperation and agree an enhanced partnership with Ukraine. Joint Expeditionary Force (JEF) defence ministers meet with Ukrainian counterpart as they launch new enhanced Ukraine-JEF partnership. JEF meeting in Bodø [...]
The John Nurminen Foundation’s Fertilizer Shipping Project investigated the emissions from fertilizer handling in ports. Solutions were developed together with port stakeholders and best practices were compiled into international guidelines. Now the work is being extended beyond fertilizers to other potentially harmful discharges and new ports in coastal cities around the Baltic Sea. Work done [...]
Europe needs more offshore wind to deliver its energy goals. Governments and society want it. And heavy industry want it to help them decarbonise. But as things stand the necessary expansion of offshore wind is not happening. The business case for new offshore wind farms is not where it was and where it should be. [...]
EIB Group unveils first consolidated Sustainability Report, aligning with EU standards and streamlining key disclosures. EIB Group committed a record €51 billion for climate action and environmental sustainability in 2024, driving the green transition in Europe and beyond. The average greenhouse gas emissions intensity for electricity generation projects in the EIB Group’s portfolio fell by [...]
The Ministry of Economic Affairs and Employment of Finland requests comments on the draft Government decision concerning offshore wind power areas in the exclusive economic zone and on the related environmental report in accordance with the Act on the Assessment of the Effects of Certain Plans and Programmes on the Environment (the SOVA Act). Everyone [...]
Europe must act now to secure its place as the safest and most attractive industry and energy investment hub - strengthening its energy security and independence. Investors do not need new promises, they need certainty. This means full speedy implementation of existing EU rules – especially the new excellent EU permitting framework - rather than [...]
New global progress report flags bottlenecks in investment, grids and supply chains, urging governments for bolder renewable targets before COP30. Abu Dhabi, United Arab Emirates / Brasília, Brazil, October 14, 2025 – The world is falling behind on its renewable energy and efficiency goals despite record progress last year, confirms a new report released today by [...]
OX2 has handed over the Niinimäki wind farm in Finland to the owners, Finnish energy company Helen and Bank of Åland’s Wind Power Fund. The wind farm consists of 22 turbines and has a total installed capacity of 145 MW. The estimated annual energy production of the wind farm is 400 GWh and assuming an [...]
EIB Board adopts second phase of pioneering Climate Bank Roadmap, focusing on competitiveness, security and lower energy prices for companies and families. Plan includes doubling of investment for climate change adaptation, along with radically simplified procedures. Decision consolidates EIB Group’s role as the Climate Bank and reaffirms commitment to staying the course as anchor financier [...]
Metsähallitus has selected Arenso Oy to carry out the technical planning of the environmental impact assessment (EIA) programme phase of the Ebba offshore wind project. The project area is located in the Bay of Bothnia and is part of Finland’s ambitious transition toward carbon-neutral energy production. Arenso is responsible for the early-stage technical design work [...]
In her 2025 State of the Union address EU Commission President Ursula von der Leyen highlighted the new geopolitical reality in which economic competition and national security are intertwined. She stressed the need for Europe to massively invest in digital and clean technologies to ensure the future continues to be made in Europe. In her [...]
WindEurope released the latest wind energy data today. It shows Europe built 6.8 GW of new wind in the first half of 2025. That’s less than expected and not nearly enough to deliver the EU’s 2030 energy security and climate targets. Except for Germany, most countries in Europe are not doing enough to build more [...]
Europe aims to increase its offshore wind capacity from 36.6 GW today to 84 GW by 2030. The maritime supply chain—particularly shipbuilding and port infrastructure—plays a critical role in supporting Europe’s energy security. But one of the most pressing challenges today is the lack of timely investment in vessel manufacturing and port infrastructure. Today Europe [...]
Renewables, natural gas and nuclear are set to meet the additional demand as the world’s use of electricity rises for industry, appliances, air conditioning, data centres, EVs and more. Global electricity demand is expected to expand at one of the fastest sustained paces in over a decade despite ongoing economic pressures, according to a new [...]
European citizens and businesses want affordable, secure, and clean energy. Homegrown wind energy helps boost Europe’s competitiveness, security and prosperity while delivering on decarbonisation. But insufficient grid build-out is hindering the deployment of wind energy. It leads to grid access restrictions, congestion and curtailment. Electricity demand in Europe is expected to rise by 60% by [...]
The International Renewable Energy Agency (IRENA) has just released its pivotal "Renewable Power Generation Costs in 2024" report, delivering a resounding message: renewables are unequivocally the most cost-competitive option for new electricity generation globally. This comprehensive analysis, compiled from IRENA's extensive renewable cost database of over 25,000 projects, highlights how 91% of newly commissioned utility-scale [...]
HELSINKI, FINLAND – Vestas, a global leader in sustainable energy solutions, has secured a significant 74 MW order from TOWII Renewables A/S for the Ketunperä and Kopsa III wind projects in Finland. This order highlights a direct collaboration between the two companies to bolster Finland's renewable energy infrastructure. According to Vestas' announcement, "Vestas is proud [...]
The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military base in Lithuania. EIB Group shareholders launch largest EU programme to fund Europe’s technological [...]
In the margins of Transport, Telecommunication and Energy Council, the European Commission and the Polish Presidency of the Council have launched the Energy Union Task Force. Comprising high-level representatives from the European Commission and Member States, the Task Force is aimed at fostering better cooperation and coordination on key energy policy issues. Outlined in the Action [...]
It is with great satisfaction that I share my reflections after the first meeting of the Baltic Sea Offshore Wind Summit Program Council, which I had the honor of co-organizing with the Royal Danish Embassy in Warsaw. This event brought together representatives of key stakeholders from across the Baltic Sea region, with the main goal [...]
Domestic offshore wind power offers significant growth potential for Finnish industry and its subcontracting network. In particular, Finland’s expertise in the challenging conditions of the Baltic Sea and its ability to deliver tailored solutions during the planning phase are key competitive advantages. Renewables Finland (Suomen uusiutuvat ry) is aiming the industry to increase offshore wind [...]
Climate change is a major driver of biodiversity loss in northern ecosystems, and wind and solar power are essential tools in fighting it. Renewables Finland, representing large-scale wind and solar power, is committed to advancing the green transition while strengthening biodiversity. Together with its member companies, Renewables Finland has set a shared biodiversity goal for [...]
The Baltic Sea Map with the projects under consideration, in planning, under construction and existing in the Baltic Sea. Expert-paper presented at the Conference of Energy Ministers in Warsaw Potential of 93 GW Offshore Capacity in the Baltic Sea Basins Questions of safety and protection of maritime infrastructure play a vital role 13 May 2025 [...]
In the margins of the informal meeting of EU energy ministers in Warsaw, Commissioner for Energy and Housing Dan Jørgensen and energy ministers of the Baltic Energy Market Interconnection Plan(BEMIP) High-Level Group have signed a new Memorandum of Understanding (MoU). The parties pledged to work closely together in investing in and completing infrastructure projects and [...]
Baltic energy regulators have requested a three-month extension from the EU Agency for the Cooperation of Energy Regulators (ACER) to decide on a proposed long-term capacity calculation methodology for electricity trading. Originally due by 22 March 2025, the decision concerns a proposal submitted by transmission system operators in January. Regulators from Estonia, Finland, Latvia, Lithuania, [...]
The European Commission has awarded €52 million in funding to nine renewable energy projects in Finland and Estonia under the EU Renewable Energy Financing Mechanism (RENEWFM), with a strong emphasis on expanding wind energy capacity in Estonia. The funding nearly matches the total call budget of €52.4 million and is aimed at supporting the EU’s [...]
The Annual General Meeting of Renewables Finland (formerly the Finnish Wind Power Association) has elected a new board for the 2025–2026 term. Heikki Peltomaa, CEO of wpd Finland, was elected Chair of the Board for the fourth time. Renewables Finland represents the three largest sectors of domestic renewable energy: onshore wind, offshore wind, and solar [...]
Euroports Group and Noatun project companies, jointly held by OX2 and Ålandsbanken Offshore Wind I LP, a fund managed by Ålandsbanken Funds Ltd, have signed a Letter of Intent (LoI) to establish Koverhar Harbour in Hanko as a key logistics hub for the construction of the offshore wind farm project Noatun North, including an option [...]
Based on the latest data published by the European Commission, EU electricity and gas markets demonstrated strong resilience and stability in the fourth quarter of 2024. Despite a seasonal increase in gas demand, energy supply remained secure, market integration continued, and the share of renewables increased, all while keeping prices in check. The year 2024 [...]
OX2 has made the investment decision for two onshore wind farms in Finland with a total capacity of 472 MW. The investment amounts to more than 700 MEUR and the wind farms will remain under OX2’s ownership once constructed. The projects are the first in Finland to remain within OX2’s operational ownership. Construction is set [...]
Giles Dickson, the CEO of WindEurope, offered his perspectives on the recent Baltic Sea Offshore Wind Summit (BSOWS2025) during an interview. The conversation highlights the positive momentum in the Baltic offshore wind sector and underscores the importance of regional collaboration. Dickson began by stating that things are starting to move in the Baltic Sea region's [...]
EU-funded researchers are using AI to help ease the flow in Europe’s cities, making urban environments both safer and greener. By Tom Cassauwers At the Las Matas train station in the town of Las Rozas, just north of the Spanish capital Madrid, life is going on as usual. The sound of a highway can [...]
In 2024, 46.9% of net electricity generated in the EU came from renewable energy sources. Among EU countries, Denmark had the highest share of renewables in its net electricity generation with 88.4%, coming mostly from wind, followed by Portugal (87.5%, mostly wind and hydro) and Croatia (73.7%, mostly hydro). The lowest shares of renewables were [...]
Stable electricity supplies at an affordable price, full independence of the Baltic Sea region from Russian supplies, and clean air through joint projects to develop new technologies, including hydrogen - these are the potential benefits of cooperation between the Baltic countries. ORLEN Group and S&P Agency have prepared a report summarising the status of the [...]
The Finnish wind energy service provider Arenso Oy and a leading Estonia-based renewable energy developer and producer Utilitas Wind have signed an agreement for co-operation in the Saare-Liivi Offshore Wind Park project. Arenso was assigned to prepare Basic Design for the project. The work was launched in February and will be completed by the end [...]
According to project statistics from Renewables Finland, there are over 100 gigawatts (GW) of wind power at various stages of planning in Finland. Not all planned projects will be realized, but a broad portfolio of wind power projects ensures that even as electrification and major industrial investments significantly increase electricity demand, wind power can meet [...]
OX2's offshore wind project development continues to progress despite challenging market and regulatory conditions. The Environmental Impact Assessment (EIA) report for the Halla project, located in Finland's exclusive economic zone, has been completed and submitted to the competent authority. This marks the first EIA report for an offshore wind project in Finland’s economic zone. The [...]
ENTSO-E’s draft TYNDP shows the strategic electricity infrastructure investments that ensure that Europe’s energy system can meet the EU’s and Member States energy and climate targets for 2030, 2040, and 2050 while providing a positive impact on system costs. In line with the TEN-E Regulation, the new TYNDP outlines the further investments in the European [...]
Joint Research Centre of the European Commission released new report „The Onshore Wind Potential of the EU and Neighbouring Countries”. The report reveals that the continent has far greater capacity for wind energy than previously estimated. The ENSPRESO 2 dataset, developed by the Joint Research Centre (JRC), indicates that the installable capacity and annual electricity [...]
The European energy sector is undergoing a historic transformation, with offshore wind power emerging as a dominant force in the transition toward renewable energy. Latest data presented by Ignitis highlights a pivotal shift: future offshore wind energy projects in Europe are set to have twice the capacity of onshore projects, signaling a strong commitment to [...]
The joint HELCOM-VASAB (Vision & Strategies Around the BlaticSea) Maritime Spatial Planning Working Group (HELCOM-VASAB MSP WG) is about to proceed to the interim assessment of the progress in implementing the Regional Maritime Spatial Planning Roadmap 2021-2030. In this context, a dedicated Task Force prepared a survey which aims to support this process. This survey targets [...]
In 2024, wind power solidified its position as Finland's second-largest electricity production method, surpassing hydropower, which had traditionally held this rank. Wind energy contributed significantly to the nation's electricity supply, accounting for 24% of total electricity consumption and 25% of electricity production according to data released by Renewables Finland. This milestone underscores wind power’s growing [...]
Renewables Finland has unveiled ambitious targets to expand offshore wind capacity, setting milestones of 1 gigawatt (GW) by 2030, 7 GW by 2035, 16 GW by 2040, and 24 GW by 2045. Currently, Finland has only 44 megawatts of installed offshore wind capacity. These targets, proposed by Renewables Finland’s offshore wind committee, reflect industry forecasts [...]
NATO Secretary General, Mark Rutte co-hosted a Summit of Baltic Sea Allies on Tuesday (14 January 2025), along with President Alexander Stubb of Finland and Prime Minister Kristen Michal of Estonia. At the meeting in Helsinki, Mr Rutte announced the launch of a new military activity by NATO to strengthen the protection of critical infrastructure. [...]
European Commission and the High Representative released joint statement on the Investigation into Damaged Electricity and Data Cables in the Baltic Sea. Incident involving undersea cables in the Baltic Sea of December 25th is the latest in a series of suspected attacks on critical infrastructure. We commend the Finnish authorities for their swift action in [...]
During the Christmas holidays, the EstLink 2 cable linking Finland and Estonia was damaged, restricting the ability to import cheaper energy from the Nordic countries to the Baltic region. As a result, electricity prices in the Baltic countries, including Lithuania, recorded an increase, although the Christmas period helped to mitigate the effect somewhat. According to [...]
Up to 70 percent of Finland’s more than 8,200 MW wind power capacity has been built on a market-based model without government subsidies. Considering the relatively young age of the sector, the newest projects have long been constructed without any subsidy funding. Finland’s first market-based wind farms were built in 2019, and the pace of [...]
Lithuania's Ministry of Energy has assured the public that the disruption of the "EstLink 2" power cable between Estonia and Finland has no impact on the stability of the Lithuanian electricity system. Electricity supply to consumers is fully secured, and there are no significant effects on electricity prices. Energy officials from Lithuania, Latvia, Estonia, and [...]
On 19 December 2024, the President of the Republic approved the Act on Offshore Wind Power in the Exclusive Economic Zone. The Act will help promote offshore wind power in Finnish exclusive economic zone, clarify the regulation of offshore wind power projects within the zone and ensure that the rights to the exploitation of offshore [...]
The decarbonisation agenda is a pressing priority for governments worldwide, and the Baltic Sea region is emerging as a critical area for renewable energy development, particularly offshore wind. In April 2024, eight countries bordering the Baltic Sea – Lithuania, Denmark, Estonia, Finland, Germany, Latvia, Poland, and Sweden – signed the Vilnius Declaration, pledging to collaborate [...]
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 work is already in full swing in Korsnäs off the west coast of Finland where one of the most significant industrial projects in the country is in progress. To achieve carbon neutrality by 2035 and to enhance Finland's energy self-sufficiency, more electricity from renewable sources is needed. “Wind power, being a crucial energy source [...]
Seven potential connection points for offshore wind power have been identified in mainland Finland for the 2030s. These enable the connection of up to 9 gigawatts of offshore wind power capacity to the main grid. The identified connection points are located on the west coast and in Inkoo. The northernmost connection points, in the Kokkola [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]