OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
LVRTC Submarine Optical Fiber Cable Damaged
Early on January 26th, the submarine optical fiber cable in the Baltic Sea belonging to SJSC Latvia State Radio and Television Center (hereinafter – LVRTC) was damaged. LVRTC’s Data Transmission Monitoring System detected disruptions in data transmission services on the Ventspils–Gotland [...]
This was a week of Powerful progress and sharp pivots in Baltic Sea Offshore Wind [Episode 154]
New episode 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, [...]
Baltic Industrial Group completes construction of two substations for Baltic Power
A ceremony was held yesterday to mark the completion of two power substations. Participants in the event were able to admire both structures on the Baltic Industrial Group's quay in Gdynia - complete and ready for loading onto a specialised barge. [...]
Oxan Energy won 1st floating offshore wind project in Estonia
Oxan Energy, French-based offshore wind developer, won the first Estonian floating offshore wind tender. Together with its partner SNOW, Oxan Energy will develop the ‘Saare 1’ project which has a potential capacity of 900 MW. The Estonian authorities have tendered the [...]
NFOŚiGW supports development of Polish shipyard in offshore wind energy segment
22 January 2025. - The National Fund for Environmental Protection and Water Management (NFOŚiGW) has granted Crist shipyard in Gdynia a loan of almost PLN 53 million for the construction of an innovative production line. This will be the first project [...]
Lithuanian government proposes temporary halt to offshore wind farm auction
The Lithuanian Ministry of Energy has proposed a temporary suspension of the ongoing offshore wind farm auction. The pause would allow for a review of the auction’s terms to ensure minimal impact on electricity prices for end-users. A draft resolution outlining [...]
Enefit Green and AFRY signed a FEED design contract for Liivi Bay offshore wind farm
Enefit Green and AFRY signed a contract to deliver the Front-End Engineering Design (FEED) services for the 1GW Liivi Bay offshore wind farm in Estonia. Johann-Gustav Lend, Head of Offshore Wind Energy at Enefit Green, noted that company is pleased to [...]
PNE AG Swedish onshore wind projects to Aneo
In mid-January 2025, PNE AG made a strategic decision to sell its Swedish subsidiaries, PNE Sverige AB and VKS Vindkraft Sverige AB, to the Norwegian energy supply company Aneo. The transaction includes the companies located in Gothenburg and Motala, alongside a [...]
4th Future Energy Congress: Join the Leaders of Change
On 6-7 May 2025, the Future Energy Congress, organised by the ‘With Energy About Law’ ["Z energią o prawie"] Association, will be held for the fourth time in Toruń. This is an event that attracts key experts, leaders and innovators of [...]
Ørsted hits with €1.7bn impairment as US offshore challenges grow
Ørsted presents an operating profit (EBITDA) for 2024 based on preliminary and unaudited reporting. EBITDA excluding new partnership agreements and cancellation fees is expected to total DKK 24.8 billion in 2024, in line with the latest guidance. The operational earnings from [...]
