OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Media Partnership: Reuters Events: Expanding Ports to Achieve Large-Scale Offshore Wind Deployment
European governments have pledged to deliver 160GW of offshore wind within the next decade, requiring €6.5bn of investment in port infrastructure by 2030 to meet these ambitions. In response to these announcements, ports are finding they will need to growing their business [...]
TAURON signs agreement with PKO Bank Polski for wind farm financing
TAURON Group company - WIND T30 MW Sp z o.o. has signed a bilateral investment loan agreement with PKO Bank Polski for PLN 238 million. The funds will be used to refinance expenses related to the construction of an onshore wind [...]
Tripartite Contracts for offshore wind
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 [...]
“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 [...]
BDEW: Extending the operating life of wind farms to 35 years is economically and environmentally beneficial
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 [...]
Polish Ministry of Energy and PSE present anti-blackout package
The Polish Ministry of Energy and Polskie Sieci Elektroenergetyczne (PSE) have prepared draft legislative initiatives that will increase the resilience of the National Power System to disruptions and failures. In September, they will be included in the list of works of [...]
Lithuania temporarily suspends tender procedures for development of second offshore wind farm
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 [...]
Siemens Energy invests €220 million in German transformer factory
Siemens Energy is investing approximately €220 million to expand its transformer factory in Nuremberg, Germany, creating 350 new jobs. The foundation stone for the site expansion was laid today in the presence of Bavaria’s Minister President Dr. Markus Söder and Nuremberg’s [...]
ELWIND signs the contract for the Fish and fisheries study
ELWIND has signed a contract with the Institute of Food Safety, Animal Health and Environment “BIOR” to carry out a study assessing the impact of the Latvian area of the offshore wind park ELWIND on fish and fisheries. Study on the [...]
Vestas officially takes over the wind turbine blade factory in Goleniów
This week, Vestas officially took over the onshore wind turbine blade factory located in Goleniów near Szczecin. Until now, it belonged to LM Wind Power. This is the result of an agreement signed on May 15, 2025, and the successful completion [...]
SeaTwirl AB’s Verti-Go consortium secures €15M from Horizon Europe
The 15 million Euro funding call by Horizon Europe is now secured by SeaTwirl AB and the consortium behind the project application “Verti-Go”. The Verti-Go project will demonstrate SeaTwirl’s floating wind turbine technology with a 2MW turbine including the design, fabrication, installation and [...]