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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, [...]
IRENA Report: onshore and offshore wind — the most cost-competitive power generation globally
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 [...]
Vestas to Supply 74 MW Turbines for TOWII Renewables’ Finnish Wind Projects
HELSINKI, FINLAND – Vestas, a global leader in sustainable energy solutions, has secured a significant 74 MW order from TOWII Renewables A/S for the Ketunperä and Kopsa III wind projects in Finland. This order highlights a direct collaboration between the two [...]
EIB Group increases 2025 financing ceiling to record €100 billion to step up investments in security and defence, energy grids and Europe’s tech leadership
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 [...]
New Energy Union Task Force to reinforce pan-European energy cooperation
In the margins of Transport, Telecommunication and Energy Council, the European Commission and the Polish Presidency of the Council have launched the Energy Union Task Force. Comprising high-level representatives from the European Commission and Member States, the Task Force is aimed [...]
Baltic Sea Offshore Wind Summit Program Council begins work on agenda for November summit in Brussels
It is with great satisfaction that I share my reflections after the first meeting of the Baltic Sea Offshore Wind Summit Program Council, which I had the honor of co-organizing with the Royal Danish Embassy in Warsaw. This event brought together [...]
Offshore wind power offers multi-billion euro opportunities for Finnish industry – subcontracting chain plays a key role
Domestic offshore wind power offers significant growth potential for Finnish industry and its subcontracting network. In particular, Finland’s expertise in the challenging conditions of the Baltic Sea and its ability to deliver tailored solutions during the planning phase are key competitive [...]
Renewables Finland has gathered the industry’s best biodiversity practices and is aiming for nature-positive wind and solar energy
Climate change is a major driver of biodiversity loss in northern ecosystems, and wind and solar power are essential tools in fighting it. Renewables Finland, representing large-scale wind and solar power, is committed to advancing the green transition while strengthening biodiversity. [...]
Eight Baltic Sea TSOs publish roadmap for efficient and resilient offshore grid to connect the countries
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 [...]
Supplier Day – new prospects for cooperation in offshore wind energy
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 [...]
Baltic Regulators Request More Time on Long-Term Electricity Capacity Calculation Decision
Baltic energy regulators have requested a three-month extension from the EU Agency for the Cooperation of Energy Regulators (ACER) to decide on a proposed long-term capacity calculation methodology for electricity trading. Originally due by 22 March 2025, the decision concerns a [...]
EU Allocates €52 Million to Boost Wind Energy in Estonia Through RENEWFM
The European Commission has awarded €52 million in funding to nine renewable energy projects in Finland and Estonia under the EU Renewable Energy Financing Mechanism (RENEWFM), with a strong emphasis on expanding wind energy capacity in Estonia. The funding nearly matches [...]
Heikki Peltomaa appointed as new Chair of Renewables Finland
The Annual General Meeting of Renewables Finland (formerly the Finnish Wind Power Association) has elected a new board for the 2025–2026 term. Heikki Peltomaa, CEO of wpd Finland, was elected Chair of the Board for the fourth time. Renewables Finland represents [...]
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