OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Baltic Regulators Request More Time on Long-Term Electricity Capacity Calculation Decision
Baltic energy regulators have requested a three-month extension from the EU Agency for the Cooperation of Energy Regulators (ACER) to decide on a proposed long-term capacity calculation methodology for electricity trading. Originally due by 22 March 2025, the decision concerns a [...]
Solid operational performance and reached more than 10 GW of offshore capacity while navigating a challenging short-term business environment
On 07.05.2025, Ørsted’s Board of Directors approved the interim report for the first quarter of 2025. In Q1 2025, Ørsted focused on the execution of four strategic priorities, which aim at solidifying their leading position in offshore wind towards the end of [...]
Baltic Sea Offshore Wind Summit – Special Conference Report
Baltic Sea Offshore Wind Summit - Special Conference Report Dear Readers, It is my pleasure to introduce this special report summarising the Baltic Sea Offshore Wind Summit 2025, held on March 10th at the [...]
EU Allocates €52 Million to Boost Wind Energy in Estonia Through RENEWFM
The European Commission has awarded €52 million in funding to nine renewable energy projects in Finland and Estonia under the EU Renewable Energy Financing Mechanism (RENEWFM), with a strong emphasis on expanding wind energy capacity in Estonia. The funding nearly matches [...]
Swedish Wind Energy Sector Faces Investment Stagnation in Early 2025
In the first quarter of 2025, Sweden's wind energy sector experienced a halt in new turbine orders, marking a continuation of a downward trend in investments observed over recent years. According to the latest statistics and forecasts from Svensk Vindenergi, no [...]
Wind, Solar, and Batteries to Anchor Denmark’s Future Power System
The Danish Alliance for Renewables (DAFRE) has released its Annual Agenda 2025, emphasizing the need for wind, solar, and battery technologies to take over the critical stabilizing functions traditionally provided by fossil-fueled power plants. As Denmark moves from a fossil-based power [...]
New Government Analysis Maps Out Denmark’s Offshore Wind Potential Through 2050
The Danish Energy Agency, in collaboration with the Ministry of Climate, Energy and Utilities, has published a comprehensive new analysis exploring how Denmark can best harness its offshore wind potential by 2050. The report is part of the follow-up to the [...]
Geological background and seismicity of the prospective wind farm area offshore Sõrve peninsula, western Saaremaa
The report deals with the geological background and seismicity of a potential wind farm area, a 7-shaped polygon framed offshore western Saaremaa, some 10–40 km off the Sõrve peninsula. No particular geological/geophysical research was carried out for this report. All the [...]
Iberdrola and Kansai close their offshore wind alliance with the investment of 1,280 million euros in the Baltic Sea
After obtaining the necessary regulatory approvals, the companies have closed the agreement announced in December 2024 to co-invest in the Windanker offshore wind farm, which has a capacity of 315 MW Together with the closing of the acquisition of Electricity North [...]
Heikki Peltomaa appointed as new Chair of Renewables Finland
The Annual General Meeting of Renewables Finland (formerly the Finnish Wind Power Association) has elected a new board for the 2025–2026 term. Heikki Peltomaa, CEO of wpd Finland, was elected Chair of the Board for the fourth time. Renewables Finland represents [...]
