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 [...]
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 [...]
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 [...]
In October 2023, the Ministry of Economic Affairs and Employment appointed a working group to examine ways to improve Finland’s competitive position in offshore wind power production compared with other Baltic Sea countries and to promote other targets on offshore wind power set out in the Government Programme. The proposals included in the report published [...]
According to Renewables Finland there are currently a large number of wind power projects planned in Finland, offering a rapid and cost-effective way to increase clean energy production in our country. This generally creates the conditions to attract significant industrial investments to Finland, which require substantial amounts of clean electricity. Although not all planned wind [...]
During the summer, more than 10 experts with training in fisheries, hydrobiology, limnology and research diving will be at sea, as well as engineers specializing in marine research and measurements. The teams have worked throughout the project area, including both the northern extension and the southern part, which has already been mapped in previous years. [...]
Operations will take place in Finland, Italy and France. The new funds will go towards manufacturing extra-high-voltage submarine power cables and high-voltage onshore cables, and other upgrades to existing cables. The project supports the objectives of REPowerEU, for which the EIB has earmarked additional financing of €45 billion by 2027. The European Investment Bank (EIB) and [...]
According to statistics compiled by Finnish Wind Power Association in June, wind power construction continues to be strong. At the beginning of the year 2024, 60 new power plants with a total capacity of 377 megawatts were built in Finland. Including the turbines to be completed in the rest of the year, a total of [...]
Nature surveys for Metsähallitus’ Edith and Ebba offshore wind power projects will be launched in the waters off Närpiö, Pyhäjoki and Raahe. During the summer and autumn of 2024, the current status of the areas’ birds and zoobenthos, as well as the flow conditions and water quality in the marine areas, will be surveyed. The [...]
Christer Baden Hansen, currently Chief Commercial Officer, has been appointed Chief Operating Officer and Deputy CEO of Eolus from 01 July 2024. Eolus currently has 8 offshore wind projects planned in Sweden and 2 in Finland. Christer Baden Hansen joined Eolus in February 2023 after a long career at Vestas. “I am delighted Christer [...]
Skyborn Renewables has commenced environmental studies for its ambitious Pooki offshore wind power project located in the territorial waters of Finland, adjacent to Oulu, Ii, Simon, and Kemi. This significant development marks the beginning of bird and seabed surveys in the Perämeri, set to take place throughout 2024 and 2025. The project, slated for completion [...]
Nine gas transmission system operators (TSOs) in the countries around the Baltic Sea have signed a Memorandum of Understanding (MoU) which aims to coordinate and facilitate hydrogen infrastructure and also to foster hydrogen market development in the Baltic Sea region. The MoU establishes and implements the cooperation between TSOs. The parties of the MoU are [...]
With the installation of a N163/5.X turbine at the Kalistanneva wind farm in Finland, the Nordex Group has now exceeded the 5 GW threshold of installed capacity in the Nordic region. A total of 1,234 turbines “Made by Nordex” are currently in operation in Denmark, Finland, Sweden and Norway and produce clean electricity for 2 [...]
The BEMIP Offshore Wind Working Group is implementing strategic priorities for 2024 to further advance offshore renewable energy in the Baltic Sea region. With a substantial potential of over 93 GW for offshore wind energy, the focus is on capitalizing on this resource while enhancing regional cooperation. During the Energy Security Summit held in Marienborg, [...]
Conquest, a prominent fund manager specializing in energy transition infrastructure across Europe, has made a significant move into the Finnish renewable power market. The company has acquired a 182MW onshore wind portfolio developed by Winda Energy, solidifying a broader strategic partnership aimed at further extensions. According to Frederic Palanque, Founder and Managing Director of Conquest, [...]
During the Wind Finland Offshore event on May 14th, 2024, the Finnish Minister of Climate and the Environment, Kai Mykkänen, delivered promising news regarding the country's offshore wind energy initiatives. Mykkänen, an economist known for his dedication to environmental issues, shared insights into the tendering schedule for Exclusive Economic Zones (EEZ). According to his announcement, [...]
Fingrid has preliminary identified five areas along the west coast where large offshore wind parks could be connected to the mainland Finland’s transmission grid by the 2030s. These connections would require significant investments in the grid. The identified areas are Ulvila, Närpiö, Vaasa, Raahe, and Raisio. Additionally, the Inkoo area has been identified as a [...]
Finnish Government has taken a negative decision on 16 applications for offshore wind energy in the EEZ. The rejection decision means that the development of the offshore wind projects concerned will be delayed. It is important to ensure the positive development of offshore wind power in Finland, as offshore wind power, due to its high [...]
The Finnish Government has issued a negative decision on 16 applications for exploitation rights concerning offshore wind power in the exclusive economic zone. Many of the areas located in the Gulf of Bothnia overlap each other. The decision does not prohibit the development of offshore wind projects in the sea areas concerned. The aim is [...]
According to the project review by the Finnish Wind Power Association (FWPA), Finland has plans for over 130,000 megawatts of wind power. In terms of investment potential, this amount translates to over 200 billion euros in investments. A significant number of these investments are already under construction, with more than three billion euros worth of [...]
The BEMIP Offshore Wind Working Group is implementing strategic priorities for 2024 to further advance offshore renewable energy in the Baltic Sea region. With a substantial potential of over 93 GW for offshore wind energy, the focus is on capitalizing on this resource while enhancing regional cooperation. During the Energy Security Summit held in Marienborg, [...]
The Energy Ministers of 8 Baltic Sea countries - Lithuania, Denmark, Estonia, Finland, Germany, Latvia, Poland and Sweden - agreed the Vilnius Declaration, pledging closer collaboration to secure critical offshore energy infrastructure in the Baltic Sea region. This comes after the Russian invasion of Ukraine and various acts of sabotage to energy infrastructure in the [...]
Euroports Group and Port of Hanko Ltd have signed a Letter of Intent (LOI) to establish a Unique Wind Hub at the Port of Hanko port area in Koverhar. This initiative positions the Harbour, situated in the southernmost part of Finland, as a central place in the offshore wind supply chain, tackling the critical issue [...]
International green energy company Ignitis Renewables supports the expedition Save the Baltic Sea and invites to pay attention to the ecological state of the sea and work together in preserving the Baltic Sea. During the nine-month walk around the Baltic Sea, the expedition and its partners will invite citizens, governments, organisations and businesses to take [...]
The Offshore Network Development Plans (ONDP) is a new component of the TYNDP, delivering a high-level outlook of the needs of offshore transmission infrastructure. The first edition of the ONDP has been published on 23 January 2024. The plans translate EU Member States’ non-binding agreements on offshore goals from January 2023 into offshore transmission corridors, [...]
ENTSO-E is inviting the stakeholders to a public workshop on the Offshore Network Development Plans (ONDP), in ENTSO-E premises in Brussels, on 1 March 2024. The ONDP is a new component of the TYNDP, focused on the needs for offshore transmission infrastructure. The first edition of the ONDP has been published on 23 January 2024. [...]
Elering has applied to the Consumer Protection and Technical Regulatory Authority to be granted a superficies license for constructing the third electricity interconnection between Estonia and Finland, with the onshore connection point situated in northwestern Estonia. The third electricity interconnection with Finland will further contribute to the security of supply, achieving climate and energy policy [...]
Åland , Gotland & Bornholm entered into an agreement on 22nd of January to create value together across the Baltic Sea's three energy islands. Bornholm is not alone in looking into a future as an energy island. Both Åland and Gotland will also move into the center of a new energy reality within a few [...]
As part of its integrated development in electricity, TotalEnergies has signed a new agreement with European Energy to develop offshore wind projects in three Nordic countries: Denmark, Finland and Sweden. 405 MW of offshore wind power under development in Denmark The agreement entails the acquisition by TotalEnergies of a 85% equity stake in the Jammerland [...]
BalticWind.EU asked industry leaders and key policy-makers for their assessment of what has been achieved in the past year and what the forecasts are for 2024. In today’s interview of the „Baltic Sea Offshore Wind – 2024 Outlook” series, we present the opinion of Otto Swanljung, Director, Wind Energy, Metsähallitus. What is the most significant [...]
Skyborn Renewables Offshore Finland Oy, which is planning offshore wind power off Kokkola, Pietarsaari and Uudenkaarlepy, approached about a thousand residents and property owners in the area in question in the form of a survey. The survey itself was carried out by the consulting company Ramboll Finland Oy. The residents' survey will clarify the thoughts [...]
A Finland-based energy group has installed a pilot project at an industrial park in the country, touting it as a first-of-its-kind system supported by the use of artificial intelligence (AI). Exaum, founded in 2021 as an energy company committed to working for greater deployment of renewable energy, in late November announced the 1-MW project is [...]
The electricity transmission system operators (TSOs) of the nine Baltic Sea Region countries will continue to cooperate actively to ensure the reliability of the region's electricity supply, the implementation of the project to synchronise the Baltic electricity grids with continental Europe and to develop the future energy system for large-scale offshore wind power. This decision [...]
On 23 November 2023, the Government adopted a resolution on launching an auction procedure concerning offshore wind power sites located in the public water areas of Finland. The offshore wind power sites to be auctioned are located in public water areas governed by Metsähallitus in the regions of Ostrobothnia and North Ostrobothnia. The auction procedure [...]
Metsähallitus and Vattenfall have agreed to expand the Korsnäs Offshore Wind Farm project so that the new project area will allow for an increased capacity. Vattenfall became a Metsähallitus project partner for the Korsnäs Offshore Wind Farm project in December 2022 when it won an extensive international tendering process. In connection with the transaction, a [...]
Minister of Climate and the Environment Kai Mykkänen appointed a working group, whose task is to find ways to promote offshore wind power in Finland. The Ministry of Economic Affairs and Employment will also launch a legislative project on offshore wind power located in Finland’s exclusive economic zone. The measures will implement the objective of [...]
Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an ambitious integrated energy island solution enabling large-scale offshore wind, green hydrogen production, and other local anchored value creating activities on Åland. CIP, through Copenhagen Energy Islands, Lhyfe and Flexens jointly launch the ÅlandEnergy Island project. This project will [...]
Interest in building offshore wind power in Finland has grown exponentially. Fingrid has launched a study to preliminarily determine possible connection points for offshore wind projects to the main grid. The results of the study are expected to be available by summer 2024. By mid-October, Fingrid had received preliminary connection inquiries for offshore wind power [...]
European Union is working on new list of Projects of Common Interest (PCI) and Projects of Mutual Interest (PMI) in the areas of electricity, offshore, hydrogen, smart grids and cross-border carbon dioxide networks. According to draft list –it identifies, among others, Priority Corridor Baltic Energy Market Interconnection Plan in electricity (BEMIP Electricity), Priority Corridor Baltic [...]
The recent incidents involving damaged underwater telecommunication cables between Sweden and Estonia, and gas pipeline leaks in the Baltic Sea, serve as stark reminders of the vulnerability of critical energy infrastructure in the region. As reported by Politico and Swedish public television company - Sveriges Television (SVT), these incidents, which are suspected to be the [...]
The Finnish Government has granted survey permits for Ilmatar Offshore’s two new project areas, Bothnia and Bothnia West, in the Finnish Exclusive Economic Zone (EEZ). “This is a massive area that creates great potential for developing energy-intensive industries in neighboring areas,” says Anna Häger, Regional Manager at Ilmatar Offshore. Ilmatar Offshore has identified two new [...]
The European wind energy sector is poised for significant growth, aiming to more than double its workforce by 2030. In the context of the European Year of Skills, addressing the pressing skills gap becomes imperative to support this expansion and foster innovation. These insights were garnered from a recent debate titled “On the road to [...]
Suomen Hyötytuuli is developing an extension to Tahkoluoto offshore wind farm on the west coast of Finland. The wind turbines of at least 15 megawatts will be built in deeper waters than ever before in Finland. The company has now launched FEED (Front End Engineering Design) for Suomen Hyötytuuli’s own concept, which is the base [...]
In the ever-evolving landscape of global energy transition, the Baltic Sea countries have emerged as shining examples of effective energy transformation. According to the latest report from the World Economic Forum, titled "Fostering Effective Energy Transition," four countries bordering the Baltic Sea have secured places in the top 10 of the Energy Transition Index (ETI). [...]
Suomen Hyötytuuli is developing an extension to Tahkoluoto offshore wind farm on the west coast of Finland. The wind turbines of at least 15 megawatts will be built in deeper waters than ever before in Finland. The company has now launched FEED (Front End Engineering Design) for Suomen Hyötytuuli’s own concept, which is the base [...]
WindEurope has summarised the development of offshore wind energy in Europe in the first half of 2023. How does the Baltic Sea look in comparison to Europe? Below we present details of the projects under construction during this period. Europe built 2.1 GW of new offshore wind in the first half of 2023, bringing its [...]
The preliminary surveys of Metsähallitus’ new offshore wind farm projects will proceed as planned for the autumn tendering process. During the summer, factors such as the constructability of the seabed in the Bay of Bothnia have been investigated. Last spring, Metsähallitus conducted a tendering process for the assessment the constructability of the seabed through seismo-acoustic [...]
The Ministry of the Environment is distributing a total of EUR 1.3 million to municipalities for studies on green transition projects, i.e. solar, wind, hydrogen or biogas projects. Jakobstad receives the largest grant of almost €190,000. - It concerns offshore wind power off Pietarsaari. We will receive the money for various types of studies, what [...]
On May 12, OX2 announced that an agreement had been signed with Ingka Investments for the sale of 49 percent of three offshore wind projects in Finland, with a potential capacity of about 6,000 MW. The deal was subject to customary competition merger filing approval. Merger clearance has now been obtained and the transaction has [...]
Finland's offshore wind energy sector is poised for significant growth, with the country's government setting ambitious green targets for 2035 and initiating the first 6GW of auctions. This is according to the latest Aegir Insights analysis by Maria Holm Bohsen. Despite a slow start, Finland has all the ingredients for a thriving international offshore wind [...]
Helsinki, Finland - Metsähallitus, a state-owned enterprise responsible for managing state-owned land and water areas, has partnered with the Geological Survey of Finland (GTK) to conduct seabed soundings as part of its new offshore wind farm projects. This collaboration will provide crucial data for the construction and planning of the wind farms, as well as [...]
Metsähallitus has agreed with Skyborn Renewables to extend the Suurhiekka sea area reservation agreement for five years. The planned Suurhiekka offshore wind farm will be located in the municipalities of Oulu, Simo and Ii by the Bothnian Bay in Finland. The reservation agreement gives Skyborn Renewables the exclusive right to continue the surveys in the [...]
On 13 June the meeting of the ministers of defence from the Joint Expeditionary Force (JEF) partner nations took place in Amsterdam. The topics on the meeting agenda included cooperation to support Ukraine and to promote the security situation in the neighbouring areas. The UK-led JEF is a multilateral framework for defence cooperation formed by [...]
Finland has the potential to significantly increase both onshore and offshore wind power production, as the capacity of planned wind power projects has increased by around 84 % over the last six months. According to a review by the Finnish Wind Power Association (FWPA) in May, most of the growth in project volume is coming [...]
The 20th Council of the Baltic Sea States (CBSS) Ministerial Session, held in Wismar, Germany, concluded on 2 June 2023, with key outcomes demonstrating solidarity against Russia's ongoing aggression in Ukraine, commitment to climate neutrality and renewable energy, and an emphasis on youth participation and societal resilience in the Baltic Sea Region. The 20th Council [...]
According to a recent report by the Economist Intelligence Unit, the Baltic states of Estonia, Latvia, and Lithuania are making significant strides in energy security, with a particular focus on the development of offshore wind farms. This move comes in the wake of Russia's invasion of Ukraine in February 2022, which prompted these nations to [...]
OX2 has agreed with Ingka Investments to sell a 49 percent stake in its three offshore wind projects in Finland. The three projects will have a potential to reach total installed capacity of about 6,000 MW. The transaction is expected to impact OX2’s operating income positively with approximately 300 MSEK* in 2023. The sale is [...]
The municipality of Hailuoto has approved the zoning initiative for an offshore wind farm in the Eastern area of Seljänsuunmatala, on the west coast of Finland. Metsähallitus has submitted zoning initiatives for a total of five offshore wind projects to local municipalities. Decisions on the project development and sales order will be made later this [...]
Raahe has approved the zoning initiatives for two offshore wind farms submitted by Metsähallitus. The offshore wind farms are planned in the areas of Pyhäjoki-Raahe and the western part of Seljänsuunmatala, on the west coast of Finland. Metsähallitus has submitted zoning initiatives for a total of five projects to local municipalities. Decisions on the project [...]
CEOs and other executives from the Transmission System Operators (TSOs) of the Baltic Sea countries met in Berlin to further intensify cooperation. The meeting was attended by AST (Latvia), Elering (Estonia), Energinet (Denmark), Fingrid (Finland), Litgrid (Lithuania), PSE (Poland), Statnett (Norway) and Svenska Kraftnät (Sweden). The companies' managers gave a positive assessment of how the [...]
Finland will be launching five competitive tendering processes for more than 6,000 MW of offshore wind power on its territorial waters along the western coast of the country. Zoning initiatives for the first five projects have been submitted to the local municipalities. Two projects are planned to be opened for tendering already in September-October this [...]
Ilmatar Offshore has been granted a seabed survey permit for the new 1.2 GW offshore wind project area Vågskär in the Finnish Exclusive Economic Zone (EEZ). Ramboll Finland is contracted for the environmental impact assessment, and studies are underway. Ilmatar Offshore has identified a new 367 km2 offshore wind area in the Finnish exclusive economic [...]
Suomen Hyötytuuli Oy was granted EUR 30 000 000 for an offshore wind power investment in Tahkoluoto, Pori. The investment project would involve two offshore wind turbines located in deeper waters than the offshore wind turbines previously built in Finnish waters. The Ministry of Economic Affairs and Employment has granted investment aid totalling €108 730 [...]
The BalticSeaH2 hydrogen valley project will develop the first significant cross-border hydrogen valley in Europe. The goal is to create an integrated hydrogen economy in the Southern Finland and Estonian region, which enables the reduction of carbon dioxide emissions from various industries and the region’s energy self-sufficiency. The area is connected to the wider market [...]
OX2 and the Bank of Åland’s fund management subsidiary Ålandsbanken Fondbolag, which are developing the Noatun North and Noatun South offshore wind power projects near Finland’s Åland archipelago in the Baltic Sea, have initiated a feasibility study for the planning and establishment of a “Mega Grön Hamn” (Mega Green Port) with a location coexisting with [...]
Metsähallitus and Suomen Hyötytuuli have signed an access right contract by which Metsähallitus leases the public water area off the coast of Pori Tahkoluoto to Suomen Hyötytuuli for wind power production. The agreement is the first long-running access right contract for public water area designated for wind power production. “Suomen Hyötytuuli is a pioneer in [...]
Europe wants wind power capacity to increase from the current 190 GW to 510 GW by 2030. This means a large increase in the number of investments to be made in the near future. Consequently, the importance of education and labour market challenges will clearly increase. As WindEurope points out, in just eight years the [...]
OX2 has initiated the development of the offshore wind farm Tyrsky in the Gulf of Bothnia in the Finnish economic zone. The project that is estimated to have a total installed capacity of 1,400 MW and will be included in OX2’s project development portfolio for the first quarter, 2023. OX2 received a research permit for [...]