In the first quarter of 2025, Sweden's wind energy sector experienced a halt in new turbine orders, marking a continuation of a downward trend in investments observed over recent years. According to the latest statistics and forecasts from Svensk Vindenergi, no new investment decisions were made during this period. Despite the lack of new investments, [...]
The Danish Energy Agency, in collaboration with the Ministry of Climate, Energy and Utilities, has published a comprehensive new analysis exploring how Denmark can best harness its offshore wind potential by 2050. The report is part of the follow-up to the 2022 Climate Agreement on Green Electricity and Heating and aims to provide strategic insights [...]
The report deals with the geological background and seismicity of a potential wind farm area, a 7-shaped polygon framed offshore western Saaremaa, some 10–40 km off the Sõrve peninsula. No particular geological/geophysical research was carried out for this report. All the descriptions and conclusions about the geological background presented rely on interpretations of two former [...]
After obtaining the necessary regulatory approvals, the companies have closed the agreement announced in December 2024 to co-invest in the Windanker offshore wind farm, which has a capacity of 315 MW Together with the closing of the acquisition of Electricity North West, both companies strengthen their alliance to accelerate electrification in different countries Iberdrola has closed [...]
Roenne 01/05/2025 ‘BHS Logistics has bought the buildings because we believe in the opportunities offered by the wind turbine projects in the Baltic Sea. Bornholm is developing rapidly in terms of wind turbine projects shipped via Rønne Harbour, and we believe these opportunities will only increase in the coming years. That’s why we’re expanding our [...]
Europe’s geopolitical situation has changed fundamentally since the Russian invasion of Ukraine in 2022. Europe is rethinking its security strategy. That includes energy security. It is now building more domestic renewables to make its energy supply more resilient. But it also needs to improve the physical protection of existing and planned energy generation assets. Physical [...]
By Dusan Jakovljevic, EUSEW’s digital ambassador– advocating for an EU Implementation Fund to ensure Horizon Europe and LIFE project results achieve real-world impact through better post-project support and coordination. This opinion editorial is produced in co-operation with the European Sustainable Energy Week (EUSEW) 2025. See ec.europa.eu/eusew for more details. The European Union has invested significant [...]
The decision issued by the Regional Director for Environmental Protection (RDOŚ) in Gdansk on environmental conditions for the Bałtyk 1 offshore wind farm has become final. This is a milestone in the implementation of the largest wind farm in the Polish part of the Baltic Sea, which is being developed by Equinor and Polenergia. Bałtyk [...]
RWE, the German energy giant, has announced it is halting its offshore wind business in the United States. The decision comes despite a successful 2024 for RWE, in which the company posted strong financial results and expanded its renewable portfolio by 2 gigawatts. In 2024, RWE produced a record 50 million megawatt-hours of energy from [...]
PGE Baltica has signed an agreement with Geofizyka Toruń S.A. to conduct geophysical surveys, including high-resolution reflection seismic with simultaneous bathymetric measurements, for the Baltica 9 Offshore Wind Farm project. These surveys will allow a preliminary analysis of the potential of the surveyed area. This is an essential activity in the process of preparing this [...]
Litgrid, Augstsprieguma tīkls and Elering, the electricity transmission system operators of Lithuania, Latvia, and Estonia, have launched new reserve services in the Baltic balancing capacity market following the accession of all three countries to the European balancing energy exchange platform PICASSO. “With all Baltic electricity transmission system operators having joined the PICASSO platform, cross-border exchanges [...]
Estonian energy producer Sunly and French renewable pioneer VALOREM Groupenters Deep Wind Offshore’s offshore wind project Tuul Energy for joint development in Estonia. Sunly, Deep Wind Offshore, and VALOREM Group has signed a partnership agreement to develop offshore wind in Estonia. Following the agreement, VALOREM Group and Sunly will enter Deep Wind Offshores project, which [...]
Lithuania’s electricity transmission system operator, Litgrid, has signed a contract for the design workk of the Harmony Link overland electricity interconnector with Poland. The appointed contractor will be responsible for preparing the main technical solutions and designing the key infrastructure elements of the interconnector on the Lithuanian side – a 220 kV transmission line and [...]
The International Renewable Energy Agency (IRENA) presents a compelling case for a rapid, global shift to renewable energy as the only viable path to keeping climate goals—particularly the 1.5°C target—within reach. In its latest report, IRENA stresses that this transformation is not just about replacing fossil fuels with clean energy; it is about fundamentally reshaping [...]
Ignitis Renewables, an international green energy company, has completed the first stage of the largest wind energy project in Lithuania and the Baltics, Kelmė wind farm. The 114-megawatt (MW) Kelmė wind farm I has successfully reached the commercial operations date. “Kelmė wind farm I is the largest wind energy project implemented by Ignitis Renewables in [...]
With the beginning of April, two years have passed since the start of construction. Contractor teams have just finished installing the primary apparatus in the 400 kV switchgear bays. This part of the substation is to be commissioned first and will enable power to be derived from the Baltic Power offshore wind farm (approximately 1.2 [...]
Ocean Winds, a global leader in the offshore wind industry, has signed a contract with P&Q, a Polish general contractor in the power sector, for the implementation of key onshore infrastructure at the BC-Wind project. The contract covers the design, construction, installation and commissioning of the onshore substation, which aims to integrate with the national [...]
60 megawatt wind farm successful in EEG tender Nine wind turbines will produce enough green electricity to supply 36,500 homes Construction to start in April; commissioning planned for end of 2026 Project will bring installed wind power capacity in Bedburg to 156 MW Essen/Bedburg, 14 April 2025 This is the third wind farm project between [...]
Onshore wind turbine manufacturer ENERCON and RWE, one of the world's leading renewable energy companies, have agreed on a long-term partnership to jointly realize onshore wind projects in Europe. The companies have signed a Memorandum of Understanding (MoU) at the WindEurope conference to define the terms of their cooperation. The multi-year agreement covers collaboration on [...]
Estonian energy producer Sunly and French renewable pioneer VALOREM Group enters Deep Wind Offshore’s offshore wind project Tuul Energy for joint development in Estonia. Following the agreement, VALOREM Group and Sunly will enter Deep Wind Offshores project, which includes an area of 250 km2 off Saaremaa Island under exclusive development. This collaboration on the Tuul [...]
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 [...]
The Baltic Power project - a joint venture between ORLEN and Northland Power - has confirmed the first successful installation of five transition elements that will connect the foundations and offshore wind turbines at the farm. This is the first such installation in Polish Baltic waters. Transition elements (TPs) are steel structures that connect the [...]
A public procurement has been launched for a metocean in-situ measurement campaign for the Estonian-Latvian ELWIND offshore wind farm project. A single provider will be selected to conduct measurements at both planned offshore wind park sites—one in Estonia and one in Latvia. The campaign aims to gather accurate meteorological and oceanographic data, which will be [...]
With the third and final planning approval from the German Federal Network Agency (Bundesnetzagentur), transmission system operator 50Hertz has received the full building permit for its section of the SuedOstLink – a 270-kilometre direct-current line stretching through Saxony-Anhalt, Saxony, and Thuringia. Construction across the full route can now begin. The SuedOstLink is a critical project [...]
Offshore wind service provider IWS has significantly improved productivity across its CSOV fleet thanks to the unparalleled performance of MacGregor’s Horizon walk-to-work gangway. As an emerging leader in integrated service for the offshore wind industry, IWS owns and operates a fleet of four advanced Skywalker-class commissioning service operation vessels (CSOVs), with an additional two under [...]
Korporacja Budowlana DORACO completed the first stage of the redevelopment of Hel Quay in the Port of Gdynia. The general contractor has handed over the newly built infrastructure for use. The second and final stage of work at the port is expected to be completed in the third quarter of 2026. This is another step [...]
The Maritime Office in Gdynia and the Centre for EU Transport Projects have signed an agreement guaranteeing support of PLN 190 million. for the implementation of tasks related to the construction of the offshore service terminal in Łeba. The funds come from the National Recovery and Resilience Plan. - Cost-effective electricity will flow from Łeba. [...]
The President of the Energy Regulatory Office (URE, Poland) has granted the first promise of a concession for the offshore wind farm Baltic Power being developed by Orlen and Northland Power - as announced by URE on 4 April. "The country's first promise of a concession for a company generating energy from offshore wind opens [...]
Germany has mandated that offshore wind farms located along its northern coast install radar systems to bolster the surveillance of both ships and drones, according to a Reuters report. The Federal Maritime and Hydrographic Agency (BSH) officially confirmed this directive on April 2, 2025. This decision is a response to increasing security concerns stemming from [...]
The Uppsala County Administrative Board has announced its recommendation to the Swedish government for the approval of the Fyrskeppet offshore wind farm project. Located 50 km off the mainland coast of Uppsala County, the project is poised to significantly contribute to Sweden's energy supply. With a production capacity ranging from 8 to 11 TWh, Fyrskeppet [...]
Windanker, Iberdrola's third offshore project in the German Baltic Sea, has received approval from the Federal Maritime and Hydrographic Agency (BSH). The foundations are currently being manufactured, and construction of the wind farm will begin in the summer. Windanker is scheduled to be operational in 2026 and will have an installed capacity of 315 megawatts [...]
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 [...]
The partnership aims at strengthening cooperation on future renewable energy opportunities, and a joint declaration was signed during the State Visit to France, in the presence of HM King Frederik and HE The President of the Republic of France Emmanuel Macron. TotalEnergies and European Energy have signed a Joint Declaration to pursue opportunities within offshore [...]
Norges Bank Investment Management has acquired a 49 percent interest in two offshore wind construction projects located in Denmark and Germany. The agreement was signed on 26 March 2025, with completion expected by beginning of the third quarter of 2025. Norges Bank Investment Management will pay approximately 1,400 million euros for its 49 percent ownership [...]
Ocean Winds is the first offshore wind farm developer in Poland to select a Polish supplier of key infrastructure as TIER 1, for its offshore wind farm, BC-Wind. The agreement between Ocean Winds and CRIST covers the design, construction and commissioning of the offshore substation. Ocean Winds, an international company dedicated to offshore wind energy [...]
Ocean Winds, a global offshore wind developer, has signed a groundbreaking agreement with CRIST Offshore for the design, construction, and commissioning of the offshore substation (OSS) for the BC-Wind project. This marks the first Tier 1 contract in Poland awarded to a local supplier for such a key infrastructure component, representing a major step forward [...]
From fossil remains to satellites, the wonders of EU-funded research were on full display at the Science is Wonderful fair in Belgium, awing children and adults alike. By Zoran Radosavljevic What if there was a place where young people could learn the basics of coding, analyse fossil remains, assemble a wind turbine and learn [...]
The Baltic East offshore wind farm project is set to host a Supplier Day on April 16th, 2025, at the Crowne Plaza Warsaw – The HUB, from 9:00 AM to 5:00 PM. The event aims to provide a platform for knowledge exchange and discussions on development opportunities within the offshore wind sector. The Supplier Day [...]
PGE Baltica, a company belonging to the PGE Group, has signed an agreement with Korporacja Budowlana DORACO for the construction of an operations and maintenance base in Ustka. The state-of-the-art facility will be a key service facility for offshore wind farms in the Baltic Sea. Construction work is scheduled to begin this spring. - The [...]
Focusing on the construction of offshore wind farms, development of onshore projects with energy storage, increasing the share of power sales agreements (PPAs) to the corporate sector and revenues from contracts for difference (CFDs) in revenues - these are Polenergia Group's main objectives until 2030. The company announced its new strategy for 2025-2030 and presented [...]
The tender for offshore wind turbines should be complemented by both an electrification plan and a strengthened electricity transmission network, says Green Power Denmark. The changing market conditions between 2022 and 2024 and a series of 16 tender conditions analysed have worsened the business case, increasing costs and risks. That's what the Boston Consulting Group [...]
Ørsted has reached important milestones for both phases of its combined 112 MW Bahren West onshore wind project in Brandenburg, Germany. Bahren West I is now Ørsted’s largest German onshore wind project in its portfolio. With its 50.4 MW capacity, the project can supply the equivalent of 35,000 German households. With the first stage of the [...]
Grid development is moving forward as 900 kilometres of lines are under construction and there is a peak in completions and approvals. The share of renewable energy in the 50Hertz grid area grew to 73 percent while electricity consumption stagnated. By 2028, nearly €23 billion will be invested in grid infrastructure, five times more than [...]
The history of modern Lithuanian wind energy spans two decades, with the Lithuanian Wind Power Association (LVEA) also celebrating its 20th anniversary. It all began with the little-known fact that the first wind turbine in Lithuania was initiated not by businesses or the state, but by the Catholic Church. Since then, Lithuania saw major progress [...]
A joint investment by ORLEN and Northland Power has obtained the first project conformity certificates for turbines and offshore substations in Poland, issued by DNV. This is an achievement not only for the project, but also for the entire offshore wind industry in Poland. The documents are required by Polish legislation for the construction and [...]
The "Ports of Power: Enabling Offshore Installation and Maintenance" panel at the Baltic Sea Offshore Wind Energy Summit 2025 in Gdansk underscored the indispensable role of port infrastructure in realizing the ambitious goals for offshore wind energy in the Baltic Sea region. The discussion, moderated by Zuzanna Nowak, Analysis Director at The Opportunity Institute for [...]
A critical discussion unfolded at the Baltic Sea Offshore Wind Summit (BSOWS2025) in Gdansk, as industry leaders grappled with the urgent task of building a skilled workforce to power the burgeoning offshore wind sector. A central panel debate, titled "Shaping the Offshore Workforce," brought together HR professionals, training experts, and policy advocates to dissect the [...]
The Lithuanian Ministry of Energy has launched a public consultation on proposed amendments to the Renewable Energy Law, aimed at ensuring that the development of the country’s first offshore wind farm will maximize benefits for consumers and the state. The new legal framework is also designed to balance offshore and onshore wind development while making [...]
The German Offshore Wind Energy Association (BWO) is urging members of the Bundestag to allocate funds from the planned €500 billion special fund to the urgently needed expansion of port infrastructure in Germany. According to BWO, strengthening ports is crucial for both the offshore wind sector and national security. The list of targeted investment areas [...]
The German Offshore Wind Energy Association (BWO) has welcomed the recent exploratory agreement between CDU/CSU and SPD, confirming their commitment to fully harnessing the potential of renewable energy sources. According to BWO, this sends a strong and positive signal for Germany’s energy transition and ensures long-term planning security for the offshore wind industry. At the [...]
Ignitis Renewables, an international green energy company, entered into an agreement to acquire 100% of the shares in Nord Wind Park, a renewable energy project under development in Pasvalys district, Lithuania. The hybrid power plant consists of a 200-megawatt (MW) wind farm, a 50 MW solar farm and a 20 MW (80 MWh) battery energy [...]
Eemshaven to serve as transshipment point for 45 foundations weighing on average 1,500 tonnes each – the equivalent of 1,000 small cars 1.6-gigawatt Nordseecluster to be built north of island of Juist; installation of foundations for first construction phase commencing in summer; turbines to be erected in 2026 Nordseecluster A with 660 megawatts to be [...]
On 26 February the European Commission launched the Clean Industrial Deal, its new vision for competitiveness and energy security. It aims to further strengthen Europe’s strategic clean tech manufacturing sectors. The European wind energy supply chain is currently investing over €11bn in new factories to meet the Clean Industrial Deal objectives. On the 13th of [...]
During the Baltic Sea Offshore Wind Summit 2025 in Gdansk, a panel discussion titled "Ports of Power: Enabling Offshore Installation and Maintenance" underscored the vital role of port infrastructure in the burgeoning offshore wind sector. Marek Świerżyński, Engineering Associate Director at Ocean Winds, contributed significantly to the debate, emphasizing the necessity of port development and [...]
PGE Baltica has published its procurement plan for 2025, setting out the key areas of cooperation for suppliers interested in participating in the company's offshore wind projects. The document contains a list of procurements scheduled to be launched in the coming months and provides an opportunity to prepare in advance for tenders and to adapt [...]
A new chapter in the history of the city and the region has begun in Leba, where wind and sea have shaped the landscape for years. On Tuesday, 4 March 2025, the foundation stone was symbolically laid for the construction of an operations and maintenance base for the offshore wind farms Bałtyk 2 and Bałtyk [...]
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 [...]
Korporacja Budowlana DORACO will carry out the rebuilding of the western breakwater in the Port of Darłowo and the construction of a new groyne, which will improve the safety of shipping and protect the port against strong waves. The contractor signed a contract for this investment with the Maritime Office in Szczecin. The modernisation of [...]
Neuenhagen, 17 February 2025 – Electrons can now travel along a new north-south freeway. Today, a key infrastructure project for the energy transition officially came online with the commissioning ceremony of the Uckermark Line, consisting of two subprojects. The new 380-kV overhead lines between the substations of Pasewalk in Mecklenburg-Western Pomerania and Bertikow, Vierraden and [...]
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 [...]
Eurogrid GmbH, the parent company of 50Hertz Transmission GmbH, entered into a contract with twelve banks for a redeemable loan of one billion euros with a term of ten years as part of ‘green’ syndicated financing supported by KfW. The loan will finance two offshore grid connections in the North and Baltic Seas. The projects [...]
Good news from Brussels for the Danish-German energy project Bornholm Energy Island in the Baltic Sea. The project has received EU funding. Now regulatory path for the project must be defined. The European Commission has provided funding from the Connecting Europe Facility (CEF) program in the amount of 645 million EUR - underlining the importance [...]
WindEurope has launched a new initiative aimed at highlighting the growth of the European wind supply chain. The industry, which plays a pivotal role in meeting both competitiveness and energy security goals, is set to invest over €10 billion in building new factories and expanding existing sites across the continent. Through the new video series, [...]
Eurazeo, European investment group, has announced its leadership in the €70 million fundraising effort for MPC OSE Offshore, a platform dedicated to Offshore Service Vessels (OSVs) designed to support offshore wind farm operations. This initiative, in partnership with MPC Capital AG, OS Energy GmbH, and a major European family office, marks a significant step in [...]
Equinor and Polenergia have signed another important contract for the offshore wind farms Bałtyk 2 and Bałtyk 3. The contract is for seabed protection in the form of stone surcharges and was concluded with the Dutch company Van Oord. The Bałtyk offshore wind farms are one of the largest infrastructure projects in the history of [...]
BNP Paribas has signed an agreement with the European Investment Bank (EIB) that will stimulate up to €8 billion of funding for wind energy projects across the European Union. This initiative will unlock key investments to support new wind farm projects, supply chain efficiency and improved grid interconnections, therefore accelerating wind energy development and ultimately [...]
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 [...]
Equinor has selected the Polish company Erbud as the contractor for the construction of an operations and service base in Leba. The realisation of the construction of the service base in Leba is crucial for the operation of the Bałtyk 2 and 3 offshore wind farms under construction in the Baltic Sea, a joint venture [...]
The main objective of the study is to obtain the fullest possible information on the baseline environmental status of seals and other sea mammals (grey seal, ringed seal, possibly harbor porpoise if presence recorded) prior to any development activities in and around the ELWIND offshore wind park sites and the future temporal and spatial effects [...]
Cadeler announces the signing of a Vessel Reservation Agreement (“VRA”) with Ocean Winds for the installation of the wind turbine generators (WTGs) at BC-Wind offshore wind farm in the Polish Baltic Sea. The potential value of the contract to be negotiated during the pendency of the VRA is estimated to be between EUR 48 million and [...]
Equinor and Polenergia have begun preparatory work in the landfall: the exit of cables exporting power from the Bałtyk 2 and Bałtyk 3 offshore wind farms to land. The drilling will allow the power cable to be routed and lead to the power generated by the wind farms. Work on the drilling itself, which will [...]
As planned, construction of the offshore section of the first Polish Baltic Power offshore wind farm, a joint project between ORLEN Group and Northland Power, began in January. The first monopiles, i.e. the main elements of the foundations, were successfully installed on the farm. Ultimately, 78 foundations for turbines and offshore substations will be built [...]
Van Oord’s heavy lift installation vessel Svanen has successfully installed the first monopile at the Baltic Power offshore wind farm, located 23 kilometres north of the Polish coast. The wind farm features the new generation of wind turbines, with a generating capacity of 15 megawatts. After a recent upgrade, including an extension of its gantry [...]
The Baltic Power project, which is one of the most important undertakings in the Polish renewable energy sector, has reached an important milestone. The construction of two offshore substations for the wind farm, which were manufactured at the Baltic Industrial Group shipyards in Gdynia and Gdansk, has been completed. The structures have already been loaded [...]
European Investment Bank signed an agreement to support Poland’s largest utility Polska Grupa Energetyczna with a €400 mln loan towards the design and construction of Baltica 2, the European Union’s largest offshore wind farm to date. Baltica 2 will feature innovative technology for a 1.5 GW capacity and sit off the Polish coast in the [...]
Federal Maritime and Hydrographic Agency (BSH) has issued its decision to approve the plan for the construction and operation of the ‘Windanker’ offshore wind farm. In an area of 25 square kilometres, north-east of Rügen, in the German Exclusive Economic Zone (AWZ) of the Baltic Sea, 21 wind turbines will be built. The total grid [...]
Baltica 2 offshore wind farm is a project developed jointly by PGE Polska Grupa Energetyczna and Ørsted. Partners in joint venture have 50 percent shares each. PGE - financing its part of the investment in the project finance formula - obtained loans from 24 Polish and international financial institutions, including European Investment Bank and European [...]
PGE and Ørsted have taken final investment decision (FID) on the 1.5 GW Baltica 2 Offshore Wind Farm, which will be built, owned and operated in a 50/50 partnership between Poland’s largest energy company PGE Polska Grupa Energetyczna and Denmark's global leader on climate action Ørsted. Baltica 2, which will be located approx. 40 km off [...]
Equinor and Polenergia, which are jointly developing offshore wind farm projects in the Baltic Sea, have received the first delivery of HV 220kV and EHV 400kV cables for the onshore part of the Bałtyk 2 and Bałtyk 3 projects. Polish company Tele-Fonika Kable is responsible for the design, manufacture and delivery of the cables, having [...]
A ceremony was held yesterday to mark the completion of two power substations. Participants in the event were able to admire both structures on the Baltic Industrial Group's quay in Gdynia - complete and ready for loading onto a specialised barge. The Baltic Industrial Group (Grupa Przemysłowa Baltic GPB) - as heir to the heritage [...]
Oxan Energy, French-based offshore wind developer, won the first Estonian floating offshore wind tender. Together with its partner SNOW, Oxan Energy will develop the ‘Saare 1’ project which has a potential capacity of 900 MW. The Estonian authorities have tendered the zone of Saare 1, located 60 km off the coast of the largest Estonian [...]
22 January 2025. - The National Fund for Environmental Protection and Water Management (NFOŚiGW) has granted Crist shipyard in Gdynia a loan of almost PLN 53 million for the construction of an innovative production line. This will be the first project of its kind in the offshore wind energy sector in Poland, with funding coming [...]
The Lithuanian Ministry of Energy has proposed a temporary suspension of the ongoing offshore wind farm auction. The pause would allow for a review of the auction’s terms to ensure minimal impact on electricity prices for end-users. A draft resolution outlining these changes has been submitted for governmental and institutional consideration. Given that the auction [...]
Enefit Green and AFRY signed a contract to deliver the Front-End Engineering Design (FEED) services for the 1GW Liivi Bay offshore wind farm in Estonia. Johann-Gustav Lend, Head of Offshore Wind Energy at Enefit Green, noted that company is pleased to strengthen its collaboration with AFRY as Enefit Green advances the development of the Liivi [...]
In mid-January 2025, PNE AG made a strategic decision to sell its Swedish subsidiaries, PNE Sverige AB and VKS Vindkraft Sverige AB, to the Norwegian energy supply company Aneo. The transaction includes the companies located in Gothenburg and Motala, alongside a project pipeline comprising wind energy and photovoltaic projects. These projects represent a total output [...]
Ørsted presents an operating profit (EBITDA) for 2024 based on preliminary and unaudited reporting. EBITDA excluding new partnership agreements and cancellation fees is expected to total DKK 24.8 billion in 2024, in line with the latest guidance. The operational earnings from Offshore and Onshore were the main contributors and delivered in line with the company's [...]
The Consumer Protection and Technical Regulatory Authority (CPTRA) has announced plans to initiate the superficies license procedure for an offshore wind farm in the Saare 7 area. Located approximately 11 kilometers west of Saaremaa, this site has been identified as suitable for wind energy development under Estonia’s maritime spatial plan. Details of the Proposed Project [...]
The Industrial Development Agency S.A. (ARP), together with ARP TFI S.A., are taking steps to mobilise institutional capital, Polish and foreign, for the energy transition in Poland, through the creation of the Polish Green Fund. The mission of the Polish Green Fund (PZF) is to support the change of the Polish economy towards green transformation [...]
ORLEN Group, in response to the global energy transition challenges, has announced an ambitious renewable energy target of 12.8 GW of installed capacity by 2035. A key element of this strategy is the development of offshore wind power, with ORLEN Group stepping up its offshore operations. Thanks to the ORLEN Neptun project, Poland will become [...]
Vårgrønn, a Norway-based offshore wind company, has completed its acquisition of a 27.4% stake in the operational Baltic 2 offshore wind farm, marking a significant milestone in the company’s growth strategy. This move strengthens Vårgrønn's presence in the renewable energy sector and provides the company with essential operational experience in the fast-growing offshore wind market. [...]
Equinor and Polenergia have presented a summary of their offshore wind farm activities in the Baltic in 2024, and announced details of their plans for 2025. The Bałtyk 2, Bałtyk 3 and Bałtyk 1 projects are entering key implementation phases and 2025 promises to be a period of intense construction and operational activities. Progress on [...]
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of EEW Offshore Wind EU by EEW Holding, both of Germany, and Sumitomo of Japan. The transaction relates primarily to the manufacturing of large steel tubes used in the construction of offshore wind farms. The Commission concluded that the notified [...]
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 [...]
NKT has been awarded two turnkey projects in Germany under the existing multi-year framework agreement with TenneT, a Dutch-German transmission system operator. These projects are part of TenneT's ambitious 2GW Program, which is considered one of the most significant infrastructure initiatives in Europe's energy transition. TenneT has selected NKT to provide 525 kV XLPE high-voltage [...]
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 [...]
Iberdrola Germany and SCHWENK Zement GmbH & Co. KG have entered into a long-term cooperation agreement for the supply of green electricity from the Windanker offshore wind farm, currently under construction in the Baltic Sea. The agreement will provide SCHWENK with 1,500 GWh of green electricity over the duration of the contract. This supply will [...]
A partnership between Novo Holdings and European Energy will repower 17 operational wind parks in Germany with new and more efficient wind turbines. The respective wind parks went operational between 2002 and 2008, and since then, significant advances have been made in wind turbine technology, resulting in more efficient, higher-capacity turbines that can generate substantially [...]
OX2 has acquired Bursjöliden wind farm from RWE. The project Bursjöliden is located in Örnsköldsvik municipality, in the North of Sweden. The project is planned to be integrated into OX2's portfolio for long-term ownership. The Bursjöliden wind farm is located in the North of Sweden in price area SE2. The project is planned to include [...]
TotalEnergies acquires a majority stake in the two Danish offshore wind projects Jammerland Bay and Lillebælt South from European Energy and SONFOR. The projects have received construction permits from the Danish Energy Agency, giving the green light for the construction of the two offshore wind farms. TotalEnergies acquires 85% of the share capital in the [...]
Bank Gospodarstwa Krajowego and Polenergia S.A. have signed a loan agreement from NRP funds for the construction of offshore wind farms. The financing will amount to PLN 750 million and will be used to build two wind farms with a total capacity of 1440 MW. On 18 December 2024, Bank Gospodarstwa Krajowego and Polenergia S.A. [...]