Published on 15 September 2025, the report monitoring the energy transition in Germany is the result of a coalition agreement and was prepared by the BET and EWI research institutes on behalf of the Federal Ministry for Economic Affairs and Energy. On this basis, Federal Minister for Economic Affairs and Energy Katherina Reiche presents proposals [...]
"Over the next 10 years, we will be spending trillions of zlotys on the Polish energy sector. We must do everything we can to ensure that this money goes to domestic companies on the largest possible scale“ - said Polish Prime Minister Donald Tusk during the Polish wind energy suppliers' forum ”Energy from Poland - [...]
The National Energy Regulatory Council (NERC) has temporarily suspended the procedures for the second offshore wind farm development tender. The Council made this decision at today's meeting in response to last week's decision by the Government to temporarily suspend the tender procedures and resume them on October 6. Once the tender is resumed, documents may [...]
The European Commission wants to accelerate the electrification of Europe’s economy with renewable powering the decarbonisation of industry that’s currently running on fossil fuels. To this end, they’ve proposed a new policy initiative – “Tripartite Contracts” – and they want to apply them specifically in offshore wind. Tripartite Contracts could be a good way to [...]
In her 2025 State of the Union address EU Commission President Ursula von der Leyen highlighted the new geopolitical reality in which economic competition and national security are intertwined. She stressed the need for Europe to massively invest in digital and clean technologies to ensure the future continues to be made in Europe. In her [...]
The German Association of Energy and Water Industries (BDEW) today published a study on the further operation and reuse of offshore wind farms and grid connection systems. The report was commissioned by BDEW and prepared by the Fraunhofer Institute for Wind Energy Systems IWES in cooperation with offshore wind farm operators and transmission system operators. [...]
The State Energy Regulatory Council (VERT) has temporarily suspended the tender procedures for the development of a second offshore wind farm. The Council made this decision at yesterday's meeting, responding to last week's government decision to temporarily suspend the tender procedures and resume them on October 6. After the competition resumes, documents can be submitted [...]
CINEA has signed a grant agreement worth EUR 645.2 million under the CEF Energy programme to support the Danish side of the Bornholm Energy Island (BEI) Hybrid Offshore Interconnector - one of Europe’s most ambitious and strategic energy infrastructure projects. The grant signature ceremony took place on 4 September 2025 in Copenhagen, during the Informal [...]
Equinor has assessed the proposal put forward by the Board of Directors of Ørsted A/S on 11 August 2025 for a Rights Issue with pre-emptive rights for existing shareholders (the “Rights Issue”). Following dialogue with Ørsted, Equinor has decided to support the proposal to strengthen Ørsted’s balance sheet in response to the current industry challenges. [...]
On August 21, the Polish Ministry of Energy was established, headed by Miłosz Motyka. The Council of Ministers adopted a regulation on this matter. Establishment of the Ministry of Energy The new ministry is being created through the transformation of the existing Ministry of Industry. According to the wording of the Regulation of the Council [...]
In recent months, there has been heated discussion in the media and even in newspaper headlines, suggesting that “the myth of cheap offshore wind turbines has been debunked.” These sensational statements have injected a dose of uncertainty into the debate on offshore wind energy. Bartosz Fedurek, CEO of PGE Baltica, responded decisively to this media [...]
The next stage of preparing the seabed for the construction of Baltica 2, a joint project of PGE Polska Grupa Energetyczna and Ørsted, has begun. This time, the BOKA Falcon, a ship owned by Boskalis, has entered Polish waters. Its task will be to remove large boulders from the future cable route. The ship is [...]
Poland's first offshore wind farm, Baltic Power, is being built in the Baltic Sea by the ORLEN Group and Northland Power. This key project in the country's energy transition will supply energy to over 1.5 million households by 2026. It is also a milestone towards Poland's energy independence and security, and another boost for our [...]
For the first time, no bids were submitted in a German offshore wind tender. On August 6, 2025, the Federal Network Agency (BNetzA) announced that its latest auction for centrally pre-surveyed offshore wind areas received no offers. The tender covered two sites—N-10.1 (2,000 MW) and N-10.2 (500 MW)—with planned commissioning dates in Q3 2031 and [...]
On July 31st, a symbolic steel cutting ceremony officially marked the beginning of production of components needed for the construction and subsequent safe operation of the Baltica 2 Offshore Wind Farm. The anode cages and mooring structures will be manufactured by the Baltic Industrial Group (part of the state-owned ARP Group) at its factories in [...]
Ocean Winds has entered into a key agreement with Siemens Gamesa for the supply of SG 14-236 wind turbines and service maintenance, marking a significant step towards the realization of the offshore BC-Wind project in the Polish Baltic Sea. The implementation of these advanced technological solutions will be essential in generating zero-emission energy, addressing the [...]
The International Renewable Energy Agency (IRENA) has just released its pivotal "Renewable Power Generation Costs in 2024" report, delivering a resounding message: renewables are unequivocally the most cost-competitive option for new electricity generation globally. This comprehensive analysis, compiled from IRENA's extensive renewable cost database of over 25,000 projects, highlights how 91% of newly commissioned utility-scale [...]
Poland's newly established Ministry of Energy, although heralded as a ‘super ministry’, will not be able to exercise its full powers for the time being due to existing legal regulations. Prime Minister Donald Tusk confirmed this information, while declaring his personal support for the new energy minister, Miłosz Motyka from the PSL party. The Ministry [...]
Agreements with Siemens Gamesa aim to ensure supply of the Gennaker offshore wind farm with 63 SG 14-236 wind turbines and their long-term maintenance. Gennaker will add up to 976.5 MW to Germany’s renewables capacity*. Hamburg – 18 July 2025: Skyborn Renewables (Skyborn) is delighted to confirm execution of the Turbine Supply Agreement (TSA) and [...]
Grenevia SA has signed a licensing agreement for the production of a complete wind turbine. Thanks to this contract, FAMUR Gearo – the brand within the Grenevia Group responsible for the wind energy segment – will gain access to advanced technology that will enable the development of domestic manufacturing capabilities and the delivery of modern [...]
The Estonian Consumer Protection and Technical Regulatory Authority (CPTRA) has officially halted the licensing proceedings for the Saare 7 offshore wind farm, located west of Saaremaa island in the Baltic Sea. The decision, issued following an auction held between June 10-12, 2025, comes after both competing applicants, Estonian companies Sunly Wind OÜ and Utilitas Wind [...]
Giles Dickson, the long-serving CEO of WindEurope, has announced his departure from the organization. Dickson, who has dedicated the last 10 years to serving the wind energy sector and a total of 26 years working outside the UK, shared his decision on LinkedIn, stating his desire to return home. You can read Giles Dickson's full [...]
The ORLEN Group, together with Northland Power, has successfully begun installing Europe's largest 15 MW wind turbines. The first wind turbine has been erected in the Polish part of the Baltic Sea. This marks the beginning of a new chapter in the history of the Polish economy – offshore wind energy. One minute of turbine [...]
Polskie Sieci Elektroenergetyczne (PSE) has signed an agreement with Bank Gospodarstwa Krajowego for a PLN 10.8 billion loan from the National Recovery and Resilience Plan (KPO). This is the largest amount obtained so far by PSE as part of European Union funding. The funds will be used to expand the extra-high voltage infrastructure throughout the [...]
Polish companies are gaining real support in entering the offshore wind energy market – Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), responding to the needs of the industry, organized the “Offshore without barriers” ["Offshore bez barier"] workshop to help entrepreneurs effectively develop in this strategic sector. The event, accompanying the Polish Ports 2030 Congress, brought [...]
On 25 June the European Commission published the new framework for State Aid measures to support the Clean Industrial Deal (CISAF). The new framework allows Member States to funnel money into strategic electrification, decarbonisation and clean tech manufacturing projects. In line with the Clean Industrial Deal objectives, CISAF will help ensure Europe’s industry gets access [...]
The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military base in Lithuania. EIB Group shareholders launch largest EU programme to fund Europe’s technological [...]
PGE Baltica - a PGE Group company with the largest portfolio of offshore wind energy projects in Poland - has signed a letter of intent with CRIST, its special purpose vehicle WIKE, and the Baltic Industrial Group to cooperate in the design and construction of installation and service vessels for offshore wind farms. This way, [...]
An energy solutions company Ignitis and the Lithuanian electricity distribution system operator Litgrid signed a power purchase agreement (PPA) worth EUR 82.3 million (excluding VAT). The agreement was concluded on 19 June and will take effect starting from January 2026. Under the agreement, Litgrid will buy up to 160 GWh of electricity generated from renewable [...]
Estonia's Consumer Protection and Technical Regulatory Authority (CPTRA) has officially initiated superficies licence proceedings and an environmental impact assessment for the Saare 1 offshore wind farm, marking a significant step forward for the nation's renewable energy goals. This development follows French company Oxan Energy's successful bid in the Saare 1 sea area auction held in [...]
In response to growing geopolitical threats and the importance of energy security for regional stability, Poland, Estonia, Lithuania, and Latvia signed a Memorandum of Cooperation on the Protection and Resilience of Energy Infrastructure, with particular emphasis on subsea infrastructure, on June 16, 2025. KEY INFORMATION Purpose of the memorandum: to strengthen cooperation in the protection [...]
Global Wind Day is a worldwide event that occurs annually on 15 June. It is a day for discovering wind, its power and the possibilities it holds to reshape our energy systems, decarbonise our economies and boost jobs and growth. Wind energy is now one of the cheapest forms of energy generation in large parts [...]
On the second day of the Polish Wind Energy Association (PSEW2025) Conference, which focused on the future of wind energy in Poland, a significant event took place. PGE Baltica, in cooperation with its partner Ørsted, symbolically signed an agreement with Grupa Przemysłowa Baltic for the production and delivery of additional steel structures for foundations (so-called [...]
A lease agreement for an installation terminal was concluded between Ocean Winds and ORLEN Neptun II, a company belonging to the ORLEN Group. Ocean Winds will begin using the installation terminal in the port of Świnoujście in 2027 – the port will be used year-round for the purposes of the BC-Wind project. Świnoujście, June 10, [...]
Poland has announced its long-awaited first auction to support offshore wind farms. This historic event, scheduled for December 17, 2025, opens a new chapter in the development of the country's renewable energy sector. Investors will compete for contracts that will support the construction of projects with a total capacity of 4 GW, which will significantly [...]
On Tuesday, June 3, at the construction site of the PGE Baltica base in the center of the port of Ustka, representatives of the investor, the PGE Group, PGE's partner in the Baltica 2 project – Ørsted, the general contractor – Korporacja Budowlana DORACO, and the contract engineer – Sweco Polska, as well as government [...]
ENTSO-E released its Offshore Roadmap, which aims at preparing Europe’s power system to integrate the massive growth in offshore renewable energy expected in the coming decades. With EU targets reaching up to 365 GW of offshore renewable capacity by 2050, the roadmap sets out the regulatory groundwork needed to support this transformation. As offshore projects [...]
ORLEN NEPTUN has selected three Polish companies: MEWO, ORLEN Petrobaltic, and Geofizyka Toruń, to conduct geological seabed surveys for the Baltic East wind project concession area in the Baltic Sea. The offshore work will be carried out at a depth of approximately 35 meters and is expected to conclude by the end of this year. [...]
Poland has the chance to become a regional leader in offshore wind energy (OWE). New analyses emphasize that the Baltic Sea can supply a significant portion of the energy needed by the country, while creating thousands of jobs and strengthening the economy. The latest analysis by experts from the Institute of Energy Policy, Dr. Anna [...]
The OFFSHORE–WINDENERGIE Foundation welcomes the appointment of Dr. Christoph Ploß as the Federal Government's Coordinator for Maritime Economy and Tourism. The office of the Federal Government's Coordinator for Maritime Economy and Tourism was established in 2000. It is located within the Federal Ministry for Economic Affairs and Energy (BMWE) and serves as a central point [...]
Poland is making a significant investment in modern green technologies, earmarking PLN 5 billion for the construction of new facilities in the renewable energy sector. A substantial portion of this funding, PLN 230 million, will go to Windar Polska to support the construction of the world's largest wind turbine component manufacturing plant in Szczecin. Today, [...]
The President of the Energy Regulatory Office (URE) in Poland has published the highly anticipated Auction Rules for the right to cover the negative balance for electricity generated in offshore wind farms. This marks a crucial step in preparing for the first auction for this technology, scheduled for 2025, though the date and regulations may [...]
Attending the Zukunft Offshore 2025 conference in Berlin last week, I felt immense joy and excitement seeing how European investments in offshore wind energy are rapidly gaining momentum. Similar emotions accompany us as we follow the dynamic development of offshore wind energy in Poland, where financing is entering a decisive phase. Just a few days [...]
Equinor, an international energy company based in Norway, and Polenergia, Poland's largest private energy group, have closed financing for the Bałtyk 2 and Bałtyk 3 offshore wind farms. This is the largest project finance transaction in the history of the Polish energy sector - around 30 financial institutions have been involved in financing the projects, [...]
Prime Minister of the Republic of Poland, Donald Tusk, Deputy Minister of National Defence Cezary Tomczyk, together with President of the Board of ARP S.A. Wojciech Balczun, President of the Board of GRI Renewables Industries, S.L., Antonio Barbosa and representatives of the Board of Baltic Towers Sp. z o.o. Jakub Wnuczyński, Hubert Staszewski and Bruno [...]
At the start of this year's industry conference in Berlin, "Zukunft Offshore" the German Offshore Wind Energy Association is formulating its demands for the new federal government in Germany. These include not changing the fixed auction volumes for offshore wind energy until 2030 and maintaining the expansion target of at least 40 GW by 2035. [...]
Grupa ORLEN has marked a significant milestone in the development of Poland’s first offshore wind farm, Baltic Power, with the official opening of a dedicated operations and maintenance base in Łeba. This is the first facility of its kind in Poland and signals that the project is entering its decisive implementation phase. “As Grupa ORLEN, [...]
Equinor, an international energy group headquartered in Norway, and Polenergia, the largest Polish private energy group, have made final investment decisions (FID) regarding the Baltic Sea offshore wind farms Bałtyk 2 and 3, commencing their construction phase. As a result, as early as 2028, 100 modern turbines from the Bałtyk 2 and Bałtyk 3 offshore [...]
PGE and Ørsted have signed an agreement for the production and delivery of another part of secondary steel structures for the foundations (so-called secondary steel) of the Baltica 2 offshore wind farm. The production of these elements will be carried out in Poland. The suspended internal platforms will be supplied by Smulders. They will be [...]
The Baltic Sea Map with the projects under consideration, in planning, under construction and existing in the Baltic Sea. Expert-paper presented at the Conference of Energy Ministers in Warsaw Potential of 93 GW Offshore Capacity in the Baltic Sea Basins Questions of safety and protection of maritime infrastructure play a vital role 13 May 2025 [...]
In the margins of the informal meeting of EU energy ministers in Warsaw, Commissioner for Energy and Housing Dan Jørgensen and energy ministers of the Baltic Energy Market Interconnection Plan(BEMIP) High-Level Group have signed a new Memorandum of Understanding (MoU). The parties pledged to work closely together in investing in and completing infrastructure projects and [...]
Baltic Industrial Group (GPB) has announced its new development strategy for 2025-2035, setting a clear direction for its contribution to the energy transformation of Poland and the region. The strategy, approved by the Industrial Development Agency, continues CG GPB's transformation to date towards a modern industry of the future. Strategic directions: offshore wind energy, nuclear [...]
The Baltica 2 offshore wind farm being built by PGE and Ørsted has signed a contract with Ayesa Polska. The main tasks of the contractor in this area are to provide investor supervision for the entire offshore part of the project, including, among others, the installation process of turbines, foundations, export cables and offshore transformer [...]
Baltic Sea Offshore Wind Summit - Special Conference Report Dear Readers, It is my pleasure to introduce this special report summarising the Baltic Sea Offshore Wind Summit 2025, held on March 10th at the European Solidarity Centre in Gdańsk. This landmark event brought together more than 200 leading [...]
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 [...]
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 [...]
At this year's European Economic Congress in Katowice, a key debate for the future of the Polish power sector was held on the challenges of offshore wind energy development. This session, brought together representatives of leading companies, government administration and industry institutions to jointly analyse the current situation and identify paths to overcome the difficulties [...]
Donald Tusk announces the end of “ naive globalization” and puts a red-and-white flag on our economy - it's time to rebuild the national economy, repolonize the Polish economy, market, capital - stated the head of government during EFNI and pointed out that Polish companies must contribute to key projects for the national economy. Such [...]
This compelling article, authored by Niels Frederik Malskær, Senior Energy Advisor at the Danish Embassy in Warsaw, and Natalia Zofia Ścięgosz, Commercial Advisor, Energy at the Danish Embassy in Warsaw, delves into Poland's pivotal role in the Baltic Sea's energy landscape. The authors present an engaging analysis of Poland's potential as the region's emerging energy [...]
The Polish Wind Energy Association (PSEW) and the Wind Industry Hub Foundation (WIH) are set to present the "Polish Offshore Wind Industry Development Strategy" at a press conference tomorrow, April 17, 2025, at 10:00 AM at the PAP Press Center in Warsaw. This document, hailed as the first comprehensive roadmap for the country's offshore wind [...]
The Lithuanian government has thrown its weight behind the further development of offshore wind energy in the Baltic Sea, approving revisions to the tender process for a significant offshore wind farm project. This move, announced following a government meeting in Vilnius, underscores a commitment to ensuring that the burgeoning offshore wind sector delivers maximum benefits [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 palpable sense of urgency permeated the "Guardians of the Wind" panel at the Baltic Sea Offshore Wind Summit (BSOWS2025) in Gdansk, as security experts and industry leaders convened to address the mounting threats to offshore wind infrastructure in the strategically significant Baltic Sea region. The discussion, framed against a backdrop of geopolitical instability, focused [...]
Gdansk, Poland - The Baltic Sea Offshore Wind Energy Summit recently convened in Gdansk, bringing together key stakeholders to address the pivotal issue of supply chain development for the burgeoning offshore wind sector in the region. A central panel discussion, featuring representatives from developers, manufacturers, financing institutions, and industry associations, highlighted both the significant progress [...]
The Baltic Sea Offshore Wind Summit 2025, held at the European Solidarity Centre in Gdansk, was an important event for offshore wind development in the Baltic Sea region. Aimed at fostering regional coordination, the programme addressed key issues including energy security, infrastructure development, technological innovation and human resource development. Award for Energy Integration The summit [...]
In a ceremony symbolizing a watershed moment in European energy security, the Baltic Sea Offshore Wind Summit 2025 was inaugurated with the presentation of the first-ever "Baltic Wind Award." The award honors the historic integration of the Baltic States into the European electricity grid, severing long-standing ties with the Russian and Belarusian grids. Lithuania, Latvia, [...]
The countdown is on. In just one week, Gdańsk will transform into the epicenter of the Baltic Sea's burgeoning offshore wind industry. On March 10, 2025, the European Solidarity Centre will host the highly anticipated Baltic Sea Offshore Wind Summit 2025, a pivotal gathering of industry titans, influential policymakers, and leading experts dedicated to tackling [...]
The great modernisation programme of Polish power grids is crucial for the future of the offshore wind sector in Poland, especially in the context of the growing role of wind energy in the Baltic Sea. Energa Operator, part of the ORLEN Group, has secured more than PLN 7.5 billion from the National Reconstruction Plan to [...]
The Latvian Cabinet of Ministers has greenlit a pivotal 200 square kilometre research area for the ELWIND offshore wind park, marking a significant step towards boosting renewable energy production in the region. In response to recommendations from Latvia’s Nature Conservation Agency, the initially proposed site has been relocated over 7 kilometres further offshore. This adjustment [...]
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 [...]
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 Baltic States have successfully synchronized their electricity systems with the Continental European Synchronous Area. This is a historic and practically significant event for the Baltic States and Europe, enhancing the region’s energy independence and resilience. All electricity connections with Russia and Belarus have been permanently disconnected. “The fact that all three Baltic States are [...]
As of February 9th 2025, Estonia, Latvia and Lithuania are fully independent from Russia's and Belarus's electricity systems. They successfully integrated into the EU internal energy market by joining the European continental network via Poland. This allows the Baltic States to operate their own energy systems under common and transparent European rules. The synchronisation of the Baltics not [...]
BalticWind.EU Country Report POLAND / Q1 2024 Dear Readers, We are pleased to present you with another in a series of reports summarizing the Polish offshore wind market. As we continue to track the development of renewable energy in the Baltic Sea, this edition highlights significant milestones, from [...]
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 [...]
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 [...]
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 [...]
BalticWind.EU sat down with Giles Dickson, CEO of WindEurope, to discuss the progress and challenges facing wind energy in Europe. We covered key developments from 2024, the state of offshore wind in the Baltic Sea region, regulatory hurdles, security concerns, and the priorities for the new European Commission. Krzysztof Bulski (BalticWind.EU): Giles, in our conversation [...]
Early on January 26th, the submarine optical fiber cable in the Baltic Sea belonging to SJSC Latvia State Radio and Television Center (hereinafter – LVRTC) was damaged. LVRTC’s Data Transmission Monitoring System detected disruptions in data transmission services on the Ventspils–Gotland (Fårösund) segment. LVRTC continues to provide services via alternative data transmission routes. Currently, there [...]
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 [...]
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 [...]
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 [...]
Wind energy was 20% of all the electricity consumed in Europe. But Europe is not building enough new wind farms. The EU built only 13 GW last year, well below the 30 GW a year it needs to meet its 2030 energy targets. There are 3 problems: (a) most Governments are not applying the new [...]
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 [...]
The countdown has begun for the Baltic Sea Offshore Wind Summit 2025, scheduled for March 10th, 2025, at the European Solidarity Centre in Gdańsk, Poland. With offshore wind energy gaining momentum across the Baltic region, the summit promises to be a pivotal event, bringing together key players to tackle pressing challenges and explore new opportunities [...]
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 [...]
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 [...]
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 [...]
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 [...]
Europe wants to build lots more renewables to strengthen its energy security and industrial competitiveness. The geopolitical situation poses new questions around the security of these assets. At its Annual Roundtable on Energy Security NATO confirmed its determination to protect critical energy infrastructure. The war in Ukraine has radically changed the threat landscape across Europe, [...]
The Commission has published the first projects that were awarded a Strategic Technologies for Europe Platform (STEP) Seal, a quality label which gives more visibility to promising projects in clean and resource-efficient tech, and deep and digital tech. This label will help attract additional EU public and private funding and support services. The first 130 projects [...]
Polish Ministry of Climate has published a new version of the regulation on maximum energy prices at auctions for offshore wind farms. The changes, resulting from an amendment to the so-called Offshore Act, introduce differentiation of support rates under 25-year strike price contracts depending on the location of the wind farms, with the aim of [...]