OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Germany Approves 1.2 GW Offshore Grid-Connection Projects
Germany has granted approval for two significant offshore grid connection projects, marking a milestone in the country's renewable energy goals. The approvals, granted by the Federal Maritime and Hydrographic Agency (BSH), pertain to the 300 MW Ostwind 3 project by 50Hertz [...]
The Ministry of Climate Approves Report on the Environmental Impact Assessment of North-Western Estonian Offshore Wind Farm
The Ministry of Climate has approved the report on the environmental impact assessment of the North-Western Estonian offshore wind farm being developed by Enefit Green, on the basis of which the development of the wind farm can move forward. Estonia has [...]
Global losses from biodiversity decline could reach $10 trillion by 2050
The decline in biodiversity, one of the consequences of a resource-intensive economy, is now considered one of the greatest threats to humanity. The loss of submerged forests alone could cost the global economy as much as $500 billion annually, according to [...]
Commission urges Member States to enhance National Energy and Climate Plans for EU’s 2030 targets.
The Commission published in December its assessment of EU Member States' draft National Energy and Climate Plans (NECPs) and issued recommendations to assist Member States in raising their ambitions in line with EU targets for 2030. The final Plans must be [...]
Germany approves Ostwind 3 offshore grid connection project
Germany continues to make significant strides in harnessing the potential of offshore wind energy, as the German maritime authority, BSH, has recently granted approval for the Ostwind 3 offshore grid connection project. This initiative is set to facilitate the transmission of [...]
AI-Optimized Grid Balancing Pilot Launched in Finland
A Finland-based energy group has installed a pilot project at an industrial park in the country, touting it as a first-of-its-kind system supported by the use of artificial intelligence (AI). Exaum, founded in 2021 as an energy company committed to working [...]
Aker Solutions to pilot floating-wind power hub in Norway
Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to significantly reduce the costs and complexity of offshore wind [...]
LVEA: Lithuanian Wind Energy Sector Achieves Milestones in 2023
The year 2023 marked a dynamic and transformative period for Lithuania's wind energy sector, shaped by significant milestones and groundbreaking achievements. Selected by the Lithuanian Wind Power Association (LVEA), the events that unfolded reflect the nation's commitment to renewable energy.From financial [...]
Environmental Impact Assessment Report for North-West Estonian Coastal Wind Farm approved by the Ministry of Climate Change
Enefit Green plans to build a wind farm with a capacity of up to 1,100 MW in the North-West Estonian coastal sea. The proposed wind farm will be located on low-lying areas at least 12 km northwest and north of the [...]
TGS | 4C Offshore report: Record year in global offshore wind
TGS | 4C Offshore has declared 2023 as a record year for offshore wind investments, marking a significant rebound from the previous year's slump. The latest Global Market Overview by TGS - 4C Offshore anticipates a potential continuation of this trend [...]
