OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Decarbonizing the Baltic Sea Region: Key Insights from the BEMIP Stakeholder Meeting
The European Commission's Directorate-General for Energy recently hosted a crucial BEMIP (Baltic Energy Market Interconnection Plan) Stakeholder Meeting, focusing on the final results of a comprehensive study titled "The potential for renewable and low-carbon gas deployment and impact on enabling infrastructure [...]
Service contracts on Baltic Hub projects in Germany
Iberdrola has awarded Semco Maritime GmbH two 3-year offshore service contracts, with options for extension, on the above-water scheduled and unscheduled maintenance of electro-mechanical equipment at two offshore substations in the Baltic Hub. The Baltic Hub currently consists of two offshore [...]
Ørsted CEO Rasmus Errboe on Denmark’s EU Presidency: Time to Lead the Way in Green Transition
As Denmark takes over the rotating presidency of the Council of the European Union for the second half of 2025, Rasmus Errboe, CEO & Group President of Ørsted, has voiced strong expectations for the country's leadership, particularly in advancing Europe's green [...]
ORLEN raised PLN 2.5 billion for green investments
ORLEN has successfully issued green Eurobonds worth EUR 600 million. The company's offer attracted considerable interest, with demand exceeding the issue size by 2.5 times. The company will use the funds raised to finance its energy transition and climate change mitigation [...]
Germany launches onshore wind tender for 3.44 GW
Germany has launched its third onshore wind power auction of 2025, aiming to secure 3.44 GW of new capacity. The Federal Network Agency (BNetzA) announced that developers have until August 1, 2025, to submit their bids. To be eligible, projects must [...]
BWO-EXPERTISE: Germany’s 2025 Offshore Wind Auctions Under the Microscope
The German offshore wind market is buzzing following the recent conclusion of the auction for the N-9.4 offshore wind site. TotalEnergies secured the 1 GW grid connection for approximately €180 million, a noteworthy outcome given that there were only two zero-cent [...]
PLN 10.8 billion for transmission network expansion thanks to funds from National Recovery Plan
Polskie Sieci Elektroenergetyczne (PSE) has signed an agreement with Bank Gospodarstwa Krajowego for a PLN 10.8 billion loan from the National Recovery and Resilience Plan (KPO). This is the largest amount obtained so far by PSE as part of European Union [...]
IDA strengthens the competences of the Polish offshore wind energy industry – “Offshore without barriers” workshops during the Polish Ports 2030 Congress
Polish companies are gaining real support in entering the offshore wind energy market – Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), responding to the needs of the industry, organized the “Offshore without barriers” ["Offshore bez barier"] workshop to help entrepreneurs effectively [...]
Construction of Bałtyk 2 and Bałtyk 3 offshore wind farms begins. One of Poland’s largest energy projects enters implementation phase
Two onshore power stations, cable routes connecting the coast with the energy infrastructure, and a service base in Łeba – construction has begun on the onshore infrastructure for the Bałtyk 2 and Bałtyk 3 offshore wind farms developed by Equinor and [...]
New EU State Aid rules will accelerate the decarbonisation of Europe’s industry
On 25 June the European Commission published the new framework for State Aid measures to support the Clean Industrial Deal (CISAF). The new framework allows Member States to funnel money into strategic electrification, decarbonisation and clean tech manufacturing projects. In line [...]
