OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Registration Now Open: Announcing the Agenda for the First Baltic Sea Offshore Wind Summit 2025
The countdown has begun for the Baltic Sea Offshore Wind Summit 2025, scheduled for March 10th, 2025, at the European Solidarity Centre in GdaÅsk, Poland. With offshore wind energy gaining momentum across the Baltic region, the summit promises to be a [...]
This was a week of heightened vigilance in Baltic Sea Offshore Wind [Episode 151]
Episode 151 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, [...]
European Commission clears acquisition of EEW Offshore Wind EU by EEW and Sumitomo
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of EEW Offshore Wind EU by EEW Holding, both of Germany, and Sumitomo of Japan. The transaction relates primarily to the manufacturing of large steel tubes [...]
EEAS: EU will propose sanctions on Russia’s ‘shadow fleet’ to protect undersea cables in the Baltic Sea
European Commission and the High Representative released joint statement on the Investigation into Damaged Electricity and Data Cables in the Baltic Sea. Incident involving undersea cables in the Baltic Sea of December 25th is the latest in a series of suspected [...]
Damage to EstLink 2 cable raises energy prices in Baltic countries
During the Christmas holidays, the EstLink 2 cable linking Finland and Estonia was damaged, restricting the ability to import cheaper energy from the Nordic countries to the Baltic region. As a result, electricity prices in the Baltic countries, including Lithuania, recorded [...]
Renewables Finland: onshore wind power is being built without government subsidies
Up to 70 percent of Finlandās more than 8,200 MW wind power capacity has been built on a market-based model without government subsidies. Considering the relatively young age of the sector, the newest projects have long been constructed without any subsidy [...]
NKT awarded two High-Voltage projectsĀ
NKT has been awarded two turnkey projects in Germany under the existing multi-year framework agreement with TenneT, a Dutch-German transmission system operator. These projects are part of TenneT's ambitious 2GW Program, which is considered one of the most significant infrastructure initiatives [...]
Financial Decisions Finalized for Harmony Link Onshore Construction
The Polish electricity transmission system operator, PSE, has approved the financial investment decision for the onshore construction of the "Harmony Link" interconnection. This decision complements the financial commitment made by Lithuaniaās transmission system operator, Litgrid, in September, marking a joint commitment [...]
NATO Foreign Ministers Outline Strategy to Counter Russian Sabotage
NATO Foreign Ministers concluded two days of meetings in Brussels in December, focusing on countering Russiaās escalating hostile actions and safeguarding the Alliance's security. The discussions underscored NATO's commitment to addressing Russian sabotage, cyber-attacks, and energy blackmail, which have targeted NATO [...]
Lithuania Confirms Stable Power System Despite “EstLink 2” Cable Disruption
Lithuania's Ministry of Energy has assured the public that the disruption of the "EstLink 2" power cable between Estonia and Finland has no impact on the stability of the Lithuanian electricity system. Electricity supply to consumers is fully secured, and there [...]
