OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Both offshore substations installed at Poland’s first offshore wind farm – Baltic Power
Baltic Power offshore wind farm – a joint venture project of ORLEN Group and Northland Power – completed installation of both offshore substations. These four-story structures gather energy generated by 76 wind turbines to transfer it to the onshore infrastructure. The [...]
The offshore Estonian project Avara Saare 1 becomes Avara
OXAN Energy, together with partners Ocean Connect Energy and SNOW, has unveiled the new identity of their jointly developed offshore wind project, located 60 km off the Estonian coast. Formerly known as SAARE 1, the project will now be called Avara, a name derived from the Estonian [...]
ORLEN secures PLN 3.5 billion from National Recovery and Resilience Plan for development of offshore wind
In line with its strategy, ORLEN is consistently expanding low- and zero-emission energy sources, significantly contributing to the enhancement of Poland’s and the region’s energy security. A key element of these efforts is investment in offshore wind energy. To implement these [...]
MARINEWIND LCOE tool: assessing offshore wind economics
The European project MARINEWIND – Market Uptake Measures of Floating Offshore Wind Technology Systems, funded by the European Union under the Horizon Europe programme and by UKRI, has developed a decision-support tool to assess the Levelised Cost of Energy (LCOE) for [...]
Offshore Energy Hubs in Focus at Berlin Roundtable
Baltic Sea transmission system operators (TSOs), offshore wind developers, industry associations, and public authorities gathered last week in Berlin for the first Energy Island Forum Roundtable, hosted by 50Hertz. The event marked an important step in advancing regional cooperation for the [...]
Supporting Bałtyk 2 and Bałtyk 3
Eastgate Engineering will proudly be delivering a package of works to support Bałtyk 2 and Bałtyk 3, Offshore Wind Farms, two of the most significant renewable energy developments currently underway in the Baltic Sea. This project continues to strengthen our growing [...]
Ignitis Group Secures EUR 318M for Kelmė Wind Farm
Ignitis Group has secured EUR 318 million in project financing for the Kelmė wind farm in Lithuania. The financing package was provided by a strong syndicate comprising both institutional and commercial banks, to cover the costs incurred in constructing the largest [...]
Connecting offshore wind farms to the grid: A New 400 kV projectroject in Poland
Construction has begun on the 400 kV Choczewo - Gdańsk Przyjaźń line, which will be used, among other things, to transmit power from offshore wind farms. The first foundations for the pylons are already being laid. Power from the Choczewo station [...]
PWEA comments on Vestas’ suspension of investment in Poland
The Polish Wind Energy Association (PWEA) is calming fears following news that Vestas has temporarily suspended construction of a second wind turbine blade factory in Szczecin. Although the Danish giant's decision has caused concern, according to PWEA it does not reflect [...]
Eurelectric calls on EU Ministers to fast-track electrification ahead of Energy Council
As EU Energy Ministers prepare to discuss electrification with Commissioners Jorgensen and Hoekstra at next week’s Energy Council, Eurelectric is urging governments to take bold, practical steps to accelerate Europe’s clean energy transition. In a letter published today, the power sector [...]
