OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Polenergia and Equinor take another important step in developing Bałtyk 1, largest wind farm in the Baltic Sea
Polenergia and Equinor are taking another important step in the development of the Bałtyk 1 offshore wind farm. The companies have signed an agreement for advisory services in terms of design work and obtaining a set of construction permits. Bałtyk 1 [...]
Equinor acquires a 9.8% minority stake in Ørsted
Equinor ASA has acquired 41,197,344 shares in Ørsted A/S (“Ørsted”), corresponding to 9.8% of the shares and votes in the company. The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year 2024. The transaction [...]
Lithuania approves updated National Energy and Climate Plan
The Government of the Republic of Lithuania has approved the updated National Energy and Climate Plan 2021-2030 (NECP) submitted by the Ministries of Energy and Environment. In line with the requirements of the European Union Regulation on the Governance of the [...]
RWE to realise 4 GW offshore wind projects off the German coast together with TotalEnergies
RWE and TotalEnergies agreed to jointly develop two large offshore wind projects off the German coast with a total capacity of 4 gigawatts (GW). To this end, TotalEnergies will acquire a 50% equity stake in both projects from RWE. When RWE [...]
This was a week of transformative contracts in Baltic Sea Offshore Wind [Episode 138]
Episode 138 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, [...]
IRENA report: Record employment growth in renewable energy in 2023
Wind power is playing an increasingly important role in the global energy transition, becoming one of the key sectors supporting the development of renewable energy sources (RES). In 2023, the sector installed a record 115 GW of new capacity, a significant [...]
New tender date for construction of offshore wind farm in Lithuania confirmed
The Lithuanian government has announced that the tender for the construction of a second 700 MW offshore wind farm will be launched on 18 November 2024. This is another step towards increasing local energy production from renewable sources, which has increased [...]
Baltic Power wind farm completes first onshore connection
In the Lubiatowo area, the first of four directional drills under the coastline, beach, and seabed has been successfully completed, with no direct impact on areas of high ecological value. This phase of the project paves the way for connecting the [...]
Fraunhofer case study: Offshore production of hydrogen on Energy Islands can save more than 4 billion Euro per year for the future German energy system
A new study from the Fraunhofer Institute for Energy Economics and Energy System Technology IEE has analysed the economic effects on the European energy system of introducing offshore hydrogen production. The study considers the expansion of the German 70 GW buildout [...]
Offshore Wind – The Energy of the Future in Poland, Norway, and Latvia: Key Seminar and Panel Discussion
On October 16, 2024, during the OTD Bergen 2024 Trade Fair in Bergen, Norway, a multilateral event will bring together key stakeholders from Poland, Norway, and Latvia to discuss the future of offshore wind energy. The event is organized by the [...]
