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This week in Baltic Offshore Wind in 5 minutes – Episode 78
Episode 78 of our weekly podcast, summarising the most important news of the week, is ready to listen. You can listen to the new episode of "This week in Baltic Offshore Wind in 5 minutes" on Soundcloud, Spotify, Apple Podcasts, [...]
Baltic Power offshore wind farm with conditional investment decision
ORLEN's Supervisory Board has made a conditional investment decision for the Baltic Power offshore wind farm, enabling the finalization of the design phase. The construction phase is scheduled to begin later this year, once the process of raising financing and completing [...]
Ocean Winds invites SMEs to present Unmanned Autonomous Vehicle projects
In the ever-evolving world of offshore renewable energy, innovation is the driving force behind progress. Ocean Winds, a prominent industry leader and a partner of the ELBE alliance in leading European regions, recognizes the significance of research and development (R&D) in [...]
PGE with Ministry of Infrastructure’s decisions on granting permits under Phase II offshore
Polska Grupa Energetyczna announced that the Ministry of Infrastructure has issued decisions on granting permits for the erection of artificial islands, structures and equipment in Polish maritime areas for projects involving the construction of offshore wind farms. The decision concerns, among [...]
Vestas Posts Resilient Q2 2023 Results Amid Industry Challenges
Vestas Wind Systems A/S has released its Interim Financial Report for the second quarter of 2023, demonstrating a steadfast performance in a challenging industry landscape. The report showcases encouraging figures, reflecting the company's determination to navigate difficulties and maintain its growth [...]
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 [...]
Seabed studies on alternatives to onshore wind farm connections
The Institute of Coastal Research and Planning (VšĮ Pajūrio tyrimų ir planavimo institutas) has carried out a study on seabed alternatives to onshore interconnections for offshore wind farms. The aim of the studies was to collect data on seabed bathymetry, to [...]
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 [...]
