In winter, the first companies go out to sea with construction, and the government announces the delimitation of further areas in the Baltic Sea for the next phase of offshore wind energy development, in addition to the two already underway. ‘A report on the state of offshore development is being prepared, which will give us [...]
The organisers have announced a new date for the WINDFORCE Baltic Sea 2024 conference. The event will take place on 19-20 February 2025 and the venue remains the Danish islands of Lolland/Falster. Despite the change of date, the programme and key tenets of the event remain largely unchanged. The keynote has also been maintained: ‘Danish-German [...]
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 [...]
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, [...]
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 [...]
The port of Władysławowo is emerging as a crucial player in Poland’s offshore wind industry, with both Szkuner company and Ocean Winds recognizing its potential. Ocean Winds, a global leader in offshore wind energy, has been in partnership with the port since 2022, and plans to establish a long-term operations and maintenance base for the [...]
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 [...]
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 [...]
The wind energy sector achieved extraordinary milestones in 2023, playing a pivotal role in the global surge of renewable energy capacity. According to the latest report from the International Renewable Energy Agency (IRENA), wind power—both onshore and offshore—has cemented its position as one of the fastest-growing and most cost-effective sources of clean energy. This year [...]
In the recently released 2025 budget proposal, the Swedish government emphasizes the critical role wind energy will play in achieving electrification and climate transition goals. The Swedish Wind Energy Association (Svensk Vindenergi) has welcomed the government's recognition of the importance of wind power, particularly in helping Sweden reach its target of net-zero emissions by 2045. [...]
The WAB is present at the world's leading trade fair with a large joint stand. Bremerhaven / Hamburg, 23 September 2024 - The WindEnergy trade fair will take place in the Hamburg exhibition halls from 24 to 27 September 2024. The German Wind Industry and Hydrogen Association WAB e.V. has organised a large joint stand [...]
Dozens of Polish companies interested in participating in the realisation of offshore wind farms Bałtyk 2 and Bałtyk 3 took part in the Supplier Day held in Gdansk. The event was organised by Polenergia and Equinor, which jointly implement the Bałtyk offshore wind farm projects, as well as main suppliers of internal and export cables. [...]
Ustka, 23 September 2024: RWE and the Ustka Port Authority have signed a land lease agreement for the construction of an operations and maintenance base for the F.E.W. Baltic II offshore wind farm. The base is one of the key elements in the realisation and subsequent operation of the planned wind farm, and will have a [...]
The Commission has opened a call for applications for energy infrastructure projects under the Trans-European Network for Energy (TEN-E) Regulation to obtain Project of Common Interest (PCI) or Project of Mutual Interest (PMI) status. The call for the electricity, hydrogen & electrolyser categories runs from 18 September to 18 November 2024, and for the smart electricity grids, [...]
Multilateral development banks (MDBs) announced that their global climate finance reached a record high of $125 billion in 2023. The combined total last year from institutions, including the European Investment Bank, is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate volumes over time at the United Nations Secretary General’s [...]
Next week, the world's largest and most important business platform for the wind energy industry, WindEnergy Hamburg 2024, will kick off! This prestigious international event, taking place from September 24-27, brings together industry professionals, stakeholders, and innovators from across the globe to exchange knowledge, build networks, and finalize significant deals. WindEnergy Hamburg stands as a [...]
The European Commission has approved a Polish aid programme worth approximately €1.2 billion (PLN 5 billion) to support investment in strategic sectors to assist in the transition to a net-zero-emission economy. The scheme was approved under the Temporary Crisis and Transition Framework (State Aid Temporary Framework) adopted by the Commission on 9 March 2023 and [...]
The new KUKE guarantees will make it easier for Polish companies to finance energy transition expenditures and investment projects aimed at achieving net-zero climate goals, and they will also help banks to reduce their risk and increase their lending capacity in regard to funding green transition New KUKE guarantees will help Polish companies finance expenses [...]
Global wind turbine order intake reached new highs in H1, with 91.2 gigawatts (GW) of activity, a 23 percent increase year-over-year, according to a new analysis from Wood Mackenzie. Globally, investment by developers in H1 totaled US$ 42 billion, a 3% increase. Much of this increase was due to order intake in Q2, which exceeded [...]
Polenergia and Equinor have signed another key contract for the Bałtyk 2 and Bałtyk 3 offshore wind farm projects. The contract is for horizontal drilling in the landfall area. The contractor for the work for both projects is the Dutch company Visser & Smit Hanab. The signed agreement is yet again bringing Polenergia and Equinor [...]
Poland has simultaneously sent the 2nd and 3rd payment applications from the National Recovery Plan (NRP) to the European Commission. The total amount of payments from these two applications will be greater than the previous one and may amount to more than PLN 40 billion (around €9.4 billion), including more than PLN 17.5 billion (€4.1 [...]
PGE and Ørsted, with Istrana sp. z o.o., have signed a lease agreement for the future T5 terminal in the Port of Gdansk. It will be used for storage, pre-assembly and offshore installation of turbine components for the Baltica 2 project. - The agreement on the lease of the terminal provides us with space necessary [...]
A letter of intent between Rumia Invest Park and Baltic Towers has been signed in recent days, opening up a new prospect of cooperation on offshore wind energy. The project aims to support the local labour market through the development of innovative competences, as well as educational and recruitment initiatives aimed at future technicians and [...]
IG Metall and employee representatives from Siemens Energy are concerned about the recent developments in the expansion of wind energy. They warn against unfair competition from China, which could have serious consequences for Germany as an industrial location. At stake are not only good jobs in the wind power industry but also the energy transition [...]
Polenergia and Equinor, who are jointly developing three offshore wind farms in the Baltic Sea, have signed a significant agreement with Tele-Fonika Kable. The Polish company will produce and deliver land cables for the Bałtyk 2 and Bałtyk 3 projects. Tele-Fonika Kable is ranked among the global leaders in the cable industry. “We want our [...]
At a recent panel debate held at the Permanent Representation of Poland to the EU, organized by PGE with Euractiv as media partner, industry leaders and government representatives discussed the crucial role that offshore wind in the Baltic Sea will play in Europe’s energy future. As the European Commission prepares for its new mandate, the [...]
Ignitis Group has signed a Letter of Intent with partners from various sectors and academic institutions at the Lithuanian Research Council (LMT) to initiate the Massachusetts Institute of Technology's (MIT) International Science and Technology Initiatives (MISTI) program in Lithuania. This exceptional agreement provides Lithuania with an opportunity to become part of a global technology and [...]
As Denmark moves towards full energy self-sufficiency by 2030, Green Power Denmark is calling for a significant shift in how offshore wind farm projects are tendered. The organisation proposes three new models for managing Denmark’s offshore wind energy post-2030, focusing on export markets and increasing market-driven flexibility for developers. According to Denmark’s current energy transition [...]