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LATEST ARTICLES
Ørsted to cut 2,000 jobs by 2027
Ørsted is taking another step in the execution of its updated business plan and strategic priorities by reducing its organisation by approx. 2,000 positions towards the end of 2027. The reasons for this are that the company will be focusing more [...]
EIB Group to accelerate and simplify green investment, boosting European competitiveness, energy security and tech leadership
EIB Board adopts second phase of pioneering Climate Bank Roadmap, focusing on competitiveness, security and lower energy prices for companies and families. Plan includes doubling of investment for climate change adaptation, along with radically simplified procedures. Decision consolidates EIB Group’s role [...]
Commission facilitates landmark grant agreement of more than €645 million for the Bornholm Energy Island interconnector between Denmark and Germany
Marking a major milestone in strengthening the Energy Union and EU cross-border interconnectedness, the Commissioner for Energy and Housing, Dan Jørgensen, participated today in the signature ceremony for an EU-backed €645.2 million grant agreement on the Bornholm Energy Island (BEI) hybrid offshore project. [...]
Avincis enters offshore wind market with acquisition of KN Helicopters, Denmark
LISBON, Portugal – 23 September, 2025: Avincis, Europe’s largest emergency aerial services operator, has acquired KN Helicopters in Denmark. KN Helicopters has been delivering helicopter services to the offshore wind sector since 2016, having secured contracts with wind farm owners and [...]
Andel to participate in Ørsted’s rights issue
Andel will participate in Ørsted’s rights issue, investing DKK 3 billion and maintaining its 5 percent ownership share. The Board of Directors and Executive Management consider this an act of responsible ownership to support Ørsted’s Danish activities and to ensure Ørsted [...]
Large-scale order for Siemens Energy to realise Danish-German Bornholm Energy Island project
A power hub on the Baltic Sea island of Bornholm is to connect Denmark and Germany in the future and transmit electricity from wind farms to the two countries. Contract for four converter systems and other technical components. 50Hertz CEO Stefan [...]
“Europe’s independence moment”: domestically produced wind energy boosts security and competitiveness
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 [...]
NKT awarded the power cable connection between Bornholm Energy Island and Zealand in Denmark
NKT has signed a contract with Energinet to deliver a HVDC power cable system for the offshore interconnector linking the innovative Bornholm Energy Island to the power grid on Zealand. The project represents a key step for the grid infrastructure in [...]
CEF Energy supports landmark Bornholm Energy Island interconnector between Denmark and Germany
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 [...]
European Governments must get their act together on wind energy
WindEurope released the latest wind energy data today. It shows Europe built 6.8 GW of new wind in the first half of 2025. That’s less than expected and not nearly enough to deliver the EU’s 2030 energy security and climate targets. [...]
Equinor to participate in Ørsted Rights Issue
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 [...]
BPO welcomes a new member
BPO Board officially confirmed the membership of a new entity in the Baltic Ports Organization: Port of Esbjerg. This is another new member in recent months and the second this year. Thus, the organization currently has 50 members. Welcome on board! [...]
Europe needs stronger ports and more vessels to meet its offshore wind goals
Europe aims to increase its offshore wind capacity from 36.6 GW today to 84 GW by 2030. The maritime supply chain—particularly shipbuilding and port infrastructure—plays a critical role in supporting Europe’s energy security. But one of the most pressing challenges today [...]
Global electricity demand to keep growing robustly through 2026 despite economic headwinds
Renewables, natural gas and nuclear are set to meet the additional demand as the world’s use of electricity rises for industry, appliances, air conditioning, data centres, EVs and more. Global electricity demand is expected to expand at one of the fastest [...]
EU needs to take decisive actions on electricity grids for competitiveness and security
European citizens and businesses want affordable, secure, and clean energy. Homegrown wind energy helps boost Europe’s competitiveness, security and prosperity while delivering on decarbonisation. But insufficient grid build-out is hindering the deployment of wind energy. It leads to grid access restrictions, [...]
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