OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
PLN 10.8 billion for transmission network expansion thanks to funds from National Recovery Plan
Polskie Sieci Elektroenergetyczne (PSE) has signed an agreement with Bank Gospodarstwa Krajowego for a PLN 10.8 billion loan from the National Recovery and Resilience Plan (KPO). This is the largest amount obtained so far by PSE as part of European Union [...]
IDA strengthens the competences of the Polish offshore wind energy industry – “Offshore without barriers” workshops during the Polish Ports 2030 Congress
Polish companies are gaining real support in entering the offshore wind energy market – Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), responding to the needs of the industry, organized the “Offshore without barriers” ["Offshore bez barier"] workshop to help entrepreneurs effectively [...]
Construction of Bałtyk 2 and Bałtyk 3 offshore wind farms begins. One of Poland’s largest energy projects enters implementation phase
Two onshore power stations, cable routes connecting the coast with the energy infrastructure, and a service base in Łeba – construction has begun on the onshore infrastructure for the Bałtyk 2 and Bałtyk 3 offshore wind farms developed by Equinor and [...]
New EU State Aid rules will accelerate the decarbonisation of Europe’s industry
On 25 June the European Commission published the new framework for State Aid measures to support the Clean Industrial Deal (CISAF). The new framework allows Member States to funnel money into strategic electrification, decarbonisation and clean tech manufacturing projects. In line [...]
Programme of the Danish EU Presidency
From 1 July to 31 December 2025 Denmark will hold the Presidency of the Council of the European Union. It is the eighth time Denmark assumes the Presidency of the Council of the European Union. Under the slogan ‘A strong Europe in [...]
PGE and Ørsted will make T5 installation terminal available to one of Ocean Winds’ projects
Ocean Winds has signed reservation agreement with a joint-venture by PGE and Ørsted that will allow the use of the T5 terminal for the construction of the BC-Wind offshore wind farm from the Ocean Winds portfolio. Elektrownia Wiatrowa Baltica-2, a JV [...]
Play and discover wind: Ignitis Renewables education space in Palanga is waiting for you
Unique educational activities organised by an international energy company Ignitis Renewables will take place from 15 June to 13 July next to Jūratė and Kastytis Square on J. Basanavičiaus Street. Visitors will learn about the wind energy through fun and interactive [...]
EIB Group increases 2025 financing ceiling to record €100 billion to step up investments in security and defence, energy grids and Europe’s tech leadership
The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military [...]
PGE Baltica, CRIST, WIKE and Baltic Industrial Group want to cooperate on the construction of installation and service vessels
PGE Baltica - a PGE Group company with the largest portfolio of offshore wind energy projects in Poland - has signed a letter of intent with CRIST, its special purpose vehicle WIKE, and the Baltic Industrial Group to cooperate in the [...]
Share of electricity from renewables falls in early 2025
In the first quarter of 2025, 42.5% of net electricity generated in the EU came from renewable energy sources. Compared with the first quarter of 2024, this represents a 4.3 percentage points (pp) decrease (from 46.8%). The significant increase in electricity [...]
