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Lithuanian regulator approves maximum transaction price for autumn auction
The Lithuanian National Regulatory Authority (VERT) has decided to approve a maximum transaction price for the purchase and sale of electricity from renewable energy sources of EUR 107.18/MWh and a minimum transaction price threshold of EUR 64.31/MWh. These prices will be [...]
PGE gains approval from the Board of Directors of the European Investment Bank to support financing of Baltica Offshore Wind Farm
The European Investment Bank (EIB) has issued a preliminary credit decision for the PGE Group's Baltica offshore wind project. The total financing package amounts to €1.4 billion. It is a significant step in securing the optimal financing structure to build PGE's [...]
Siemens Energy Confronts Quality Issues and increased product costs
Siemens Energy, a prominent player in the energy sector, is grappling with substantial challenges within its wind turbine operations, as outlined in a recent press release. The company’s wind power subsidiary, Siemens Gamesa, has quantified the financial impact of both quality [...]
WindEurope: Lithuania kicks off offshore wind with first 700 MW auction
The Lithuanian Government presented the results of its very first offshore wind auction. A consortium of the Ignitis Group and OceanWinds is the winner. They were willing to pay €20m to develop the project. It will most likely be operational by [...]
Jakobstad is investigating how the planned offshore wind power could affect the harbour, industry and residents
The Ministry of the Environment is distributing a total of EUR 1.3 million to municipalities for studies on green transition projects, i.e. solar, wind, hydrogen or biogas projects. Jakobstad receives the largest grant of almost €190,000. - It concerns offshore wind [...]
Advancing Renewable Energy and Sustainability among Estonia’s EU Policy Priorities 2023-2025
The government of Estonia has approved its European Union policy priorities for 2023-2025, with a strong emphasis on renewable energy and sustainable development. In the face of geopolitical challenges, Estonia aims to bolster its visibility and influence within the EU through [...]
Ørsted and DHI develop bat and bird monitoring guidance for offshore wind industry
Ørsted and DHI have developed a bat and bird monitoring guidance document to support protection of vulnerable bat and bird species in the acceleration of the offshore wind industry. An accelerated deployment of offshore wind is necessary to halt the worst [...]
Baltic TSOs signed an agreement for synchronisation to take place in February 2025
Elering, AST and Litgrid, operators of the electricity transmission systems of Estonia, Latvia and Lithuania, signed an agreement on the synchronisation. According to the agreement, disconnection from the Russian-controlled system and synchronous connection to the continental European grid will take place [...]
Baltic Power’s strategic permit for construction of offshore connection
Baltic Power has obtained a construction permit for an offshore connection. The decision was announced by the Pomeranian governor. Baltic Power's offshore wind farm will consist of 76 turbines with a unit capacity of 15 MW and height of more than [...]
Ignitis Renewables and Copenhagen Infrastructure Partners to collaborate in Estonian and Latvian offshore wind tenders
A renewables-focused integrated utility Ignitis Group’s subsidiary Ignitis Renewables and Copenhagen Infrastructure Partners’ (CIP) New Markets Fund I have signed an agreement to collaborate exclusively on offshore wind opportunities in Estonia and Latvia and intend to jointly bid in the upcoming [...]
Important decision on power grid development for Polish offshore
An environmental decision has appeared for the 400 kV Choczewo - Żarnowiec line, which was made by the Regional Director of Environmental Protection in Gdańsk. Officials have issued an environmental decision for the construction of the project. The decision was announced [...]
Tripling renewable power capacity by 2030 is vital to keep the 1.5°C goal within reach
Governments around the world should commit to tripling global renewable capacity by 2030 ahead of COP28 Scenes from a world baking in record heat in recent weeks present a grim reminder that limiting the rise in global temperatures to 1.5°C is [...]
Vattenfall without a permit to construct a wind farm at Stora Middelgrund
The government has decided not to grant permission to build and operate a wind farm at Stora Middelgrund outside Sweden's territorial waters outside Halmstad on the west coast. According to the government, the applicant has not shown that the chosen location [...]
Polenergia abandons Baltic Sea wind farm project in Lithuania
In a stock exchange release, Polenergia's board of directors announced its decision to terminate work on a wind farm project in the Baltic Sea in the region of Lithuania's territorial waters or the exclusive economic zone of the Republic of Lithuania. [...]
GWO Publishes Crane and Hoist Training Standard
Global Wind Organisation has today launched its 10th training standard, adding Crane and Hoist to the portfolio. The standard ensures a basic level of safety awareness in lifting operations where no formal training or certification is required owing to the limited [...]
Aegir Insights Report: Offshore Wind Momentum in the Baltic States
According to the latest report from Aegir Insights, the Baltic states, comprising Estonia, Latvia, and Lithuania, are rapidly advancing their offshore wind energy initiatives, capitalizing on the vast potential of the Baltic Sea to drive Europe's energy transition. This surge in [...]
PGE Baltica complets its first full year of wind measurements in the Baltica 1 project area
PGE Baltica announced the completion of the first full year of wind measurements in Baltica 1 project area, and thus successfully completed Phase I of a measurement campaign aimed at capturing the full seasonality in recorded measurement data. As analysts point [...]
Stefan Thimm, BWO: The production of green hydrogen from offshore wind must begin now
Green hydrogen from offshore wind: create concrete foundations for investments now! "It is good that the German government has updated ist national hydrogen strategy. This provides more planning security for the offshore wind industry. However, based on the strategy, it is [...]
IRENA: Diversifying critical material supply chains minimises geopolitical risks
New report on the geopolitics of critical materials sees significant concentration in supply chains and calls for collaborative strategies to sustain the energy transition Abu Dhabi, United Arab Emirates, 12 July 2023 – The energy transition requires a dramatic increase in [...]
Benthic completed CPT site investigation for Equinor’s Baltyk II and III OWF
Earlier this year, Benthic, a Geo-services brand in Acteon’s Data and Robotics division, completed a site investigation comprising cone penetration tests (CPTs) using its portable remotely operated drill (PROD) that has enabled the design of foundations for about 100 wind turbines [...]
ACER: 70% Interconnection Vital for EU’s Offshore Goals by 2050
In a recent report released by the Agency for the Cooperation of Energy Regulators (ACER), there's a clarion call for a renewed focus on interconnection capacities, especially within the realm of offshore energy. The report emphasizes that the vision of interconnections [...]
International Maritime Organization (IMO) adopts 2050 climate neutrality target
Dieter Janecek, Federal Government Coordinator for the Maritime Industry and for Tourism, welcomes the agreement which was reached at the International Maritime Organization (IMO) on the 7th of July 2023. He said: "Today is an important day for the mitigation of [...]
Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
Masdar, the UAE’s flagship renewable energy company, has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% [...]
Offshore wind energy caches wind in its sails
Senate committees back Polish offshore. The assumed increase in the capacity of offshore wind farms from 5 to 12 GW, which will be built by 2030, is a landmark step towards the dynamic development of the new sector in Poland. Cooperation [...]
WAB: Industry must be enabled to take its place in the energy transition as an economic driver
The trade associations of the German offshore wind industry and the German Offshore Wind Energy Foundation yesterday presented the expansion figures for the first half of 2023. According to the figures prepared by the consulting firm Deutsche WindGuard, 24 offshore wind [...]
