OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
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 [...]
This week in Baltic Offshore Wind in 5 minutes – Episode 77
Episode 77 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, [...]
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 [...]
