OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
PGE approaches financial closing for Baltica 2 project
PGE plans to finalise financing for the Baltica 2 offshore wind project next month, as stated by PGE CEO Dariusz Marzec. The Baltica 2 project, with a capacity of about 1.5 GW, is one of key stages in the development of [...]
Cadeler signs firm contracts with Equinor and Polenergia joint ventures for the installation vessel scope
Cadeler A/S has signed firm contracts with the offshore wind farms Bałtyk 2 and Bałtyk 3, both being joint venture projects owned 50% by Equinor and 50% by Polenergia. The total potential value of these contracts to Cadeler is expected to [...]
This was a week of bold steps in Baltic Sea Offshore Wind [Episode 137]
Episode 137 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, [...]
The next level of the energy transition: WindEnergy Hamburg points the way
The signal is unmistakable: The wind energy industry stands ready to tackle the challenges of the energy transition. For four days, the Who's Who of the international wind industry gathered in Hamburg to exchange insights at WindEnergy Hamburg, the global flagship [...]
Tender for development of offshore wind park proposed to be announced on November 18
The Ministry of Energy of Lithuania proposes to announce the tender for the development of the second 700 MW offshore wind park in Lithuania on November 18 of this year. The decision on the tender date must be taken by the [...]
Offshore wind farms: concept for onshore connections approved
With Lithuania planning to develop two offshore wind farms in the Baltic Sea with a combined capacity of 1.4 GW, the Ministry of Energy has approved the Concept Plan for the Development of Offshore and Onshore Engineering Infrastructure for a Project [...]
Estonia Unveils 20-Year Offshore Wind Energy Support Plan to Lower Electricity Prices and Boost Renewable Power
On September 6, Estonian Ministry of Climate submitted a draft amendment to the Electricity Market Act and the Energy Sector Act for review, aimed at establishing conditions for offshore wind energy development and setting up a support scheme for this sector. [...]
Ensuring Finland’s Electricity Supply for Winter 2024–2025: Fingrid’s Outlook
As winter approaches, Fingrid, Finland’s electricity transmission system operator, has released an assessment of the nation's electricity supply for the 2024–2025 winter season. According to Fingrid, Finland’s electricity supply should remain stable, provided there are no major disruptions in domestic production [...]
Wind Energy Powers Record-Breaking Growth in 2023
The wind energy sector achieved extraordinary milestones in 2023, playing a pivotal role in the global surge of renewable energy capacity. According to the latest report from the International Renewable Energy Agency (IRENA), wind power—both onshore and offshore—has cemented its position [...]
Sweden’s 2025 Budget Proposal and Its Impact on Wind Energy
In the recently released 2025 budget proposal, the Swedish government emphasizes the critical role wind energy will play in achieving electrification and climate transition goals. The Swedish Wind Energy Association (Svensk Vindenergi) has welcomed the government's recognition of the importance of [...]
