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PLN 750 million from Green Bonds for Polenergia’s offshore wind farms
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 [...]
Partnership Formed to Boost Finnish Offshore Wind Market
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 [...]
Iberdrola and Masdar Complete Turbine Installation at Baltic Eagle Offshore Wind Farm
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 [...]
2nd Offshore Congress: Discussion on Achieving Offshore Wind Energy Goals
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 [...]
Ignitis Group sets plans to enter second 700 MW offshore wind tender in the Baltic Sea
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 [...]
First Baltic Power monopiles shipped, marking key milestone in Poland’s offshore wind ambitions
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 [...]
500,000 kilometers of cable: Powering Germany’s energy transition by 2045
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, [...]
Offshore terminal in the port of Gdańsk: contract signed with the contractor
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 [...]
Polish government to raise maximum price for offshore wind energy
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 [...]
TotalEnergies renames key German offshore wind projects
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 [...]
Finnish government submited legislative proposal on offshore wind power in the exclusive economic zone
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 [...]
Baltic Power to introduce a temporary compensation scheme for fishermen
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. [...]
Gdynia Maritime University invites to ‘Competencies for Offshore Wind’ Conference
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 [...]
Litgrid and Svenska kraftnät sign a contract to upgrade NordBalt control system
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 [...]
Polenergia and Equinor take another important step in developing Bałtyk 1, largest wind farm in the Baltic Sea
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 [...]
Equinor acquires a 9.8% minority stake in Ørsted
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 [...]
Lithuania approves updated National Energy and Climate Plan
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 [...]
RWE to realise 4 GW offshore wind projects off the German coast together with TotalEnergies
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 [...]
IRENA report: Record employment growth in renewable energy in 2023
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 [...]
New tender date for construction of offshore wind farm in Lithuania confirmed
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 [...]
Baltic Power wind farm completes first onshore connection
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 [...]
Fraunhofer case study: Offshore production of hydrogen on Energy Islands can save more than 4 billion Euro per year for the future German energy system
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 [...]
Offshore Wind – The Energy of the Future in Poland, Norway, and Latvia: Key Seminar and Panel Discussion
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 [...]
PGE approaches financial closing for Baltica 2 project
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 [...]
Cadeler signs firm contracts with Equinor and Polenergia joint ventures for the installation vessel scope
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 [...]
