OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Vattenfall bets on offshore and invests €5 billion in Germany’s energy transition
Vattenfall, following the sale of its Berlin district heating business, has announced a new strategy for the German market, which involves significant investment in the development of renewable energy production infrastructure and the development of electromobility. Investments in excess of €5 [...]
EIB approves financing for construction of 1440 MW of wind farms in the Baltic Sea
The Board of Directors of the European Investment Bank (EIB) has approved financing for the construction of two wind farms in the Baltic Sea with a total capacity of 1440 MW. This information was shared by Teresa Czerwińska, vice-president of the [...]
This was a week of strategic crossroads in Baltic Sea Offshore Wind [Episode 143]
Episode 143 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, [...]
Poland to increase capacity volume in first offshore auction to 4 GW, planned for 2025
The Ministry of Climate and Environment of Poland has announced an increase in the planned capacity volume for the first offshore wind auction in 2025 from the original 2.5 GW to 4 GW. Four auctions are planned between 2025 and 2031, [...]
An additional study of the object located at the bottom of the Baltic Sea was carried out
As Lithuania plans to develop offshore wind parks in the Baltic Sea, an additional survey of an almost 6.5 km long underwater object was carried out by order of the Ministry of Energy. The experts of the Coastal Research and Planning [...]
Litgrid has updated preliminary conditions for the connection of offshore wind farms to the electricity transmission grid
In order for Lithuania to develop offshore wind parks in the Baltic Sea and to reduce the country's dependence on electricity imports and fossil fuels, preparatory work is underway for the tender in which the developer of the park will be [...]
Three years of ‘Career with the wind’ – Ocean Winds educates young people in Poland for offshore wind energy
Ocean Winds, together with the Industrial Development Academy (PAR), has summed up the third edition of the ‘Career with the Wind’ programme - an educational initiative aimed at preparing technical school students for work in the offshore wind energy sector. The [...]
European Commission: EU greenhouse gas emissions fell by over 8% in 2023, driven by impressive growth in renewable energy
The European Commission has published the 2024 Climate Action Progress Report, showing that net EU greenhouse gas (GHG) emissions fell by 8.3% in 2023 compared to the previous year. This is the largest annual drop in decades, with the exception of 2020 when COVID-19 [...]
What Will Finland Look Like in 2040 in the Sectoral Low-Carbon Roadmaps?
Below we present an editorial published by the Finnish Ministry of Economic Affairs and Employment. The author - Katja Tuokko is a Senior Specialist in the Energy Department of the Ministry of Economic Affairs and Employment. She has been involved in [...]
Korsnäs Offshore Wind Project – Pioneering Finland’s Green Energy Future
Finland is on the brink of a major transformation in renewable energy with the development of its first industrial-scale offshore wind farm in Korsnäs, a small coastal community near Vaasa. This ambitious project, led by Vattenfall in collaboration with Metsähallitus, highlights [...]
