OFFSHORE BUSINESS NEWS
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OFFSHORE BUSINESS NEWS
This was a week of Innovation and Investments in Baltic Sea Offshore Wind [Episode 129]
Episode 129 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, [...]
EIB activates first tranche of counter-guarantee facility
The European Investment Bank (EIB) has announced it will provide a €500mn counter-guarantee to Deutsche Bank aimed at boosting Europe’s wind turbine manufacturing industry. This announcement marks the first tranche activated under the EIB’s €5bn counter-guarantee scheme which constitutes the EIB’s [...]
CPTRA: Another opportunity to submit competing applications for superficies licence for establishment of offshore wind farm in sea area of Saare 1
The Consumer Protection and Technical Regulatory Authority (CPTRA) of Estonia announces the intention to initiate superficies licence procedure for the establishment of offshore wind farm and possible hydrogen plant in the Saare 1 sea area or innovation area. The offshore wind [...]
Energy Future “Made in Europe”: Multi-Terminal Hubs as Im-portant Building Block towards Net-Zero Grid
Bayreuth, Berlin, Dortmund, Stuttgart, 15 July 2024. An important joint project for the energy transition is becoming reality. The four German transmission system operators 50Hertz, Amprion, TenneT and TransnetBW are starting an innovation partnership with industrial partners Siemens Energy, GE Vernova and [...]
German Government adopted import strategy for hydrogen and hydrogen derivatives
The Federal Cabinet adopted the import strategy for hydrogen and hydrogen derivatives on 24 July 2024. The import strategy sets out a clear and reliable framework for the urgently needed imports of hydrogen and hydrogen derivatives to Germany. It is a key component [...]
Comprehensive Surveys Advance Korsnäs Offshore Wind Project
During the summer, more than 10 experts with training in fisheries, hydrobiology, limnology and research diving will be at sea, as well as engineers specializing in marine research and measurements. The teams have worked throughout the project area, including both the [...]
IEA: Global electricity demand set to rise strongly this year and next, reflecting its expanding role in energy systems around the world
The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and increasing uptake of technologies that run on electricity such as EVs and heat pumps, according to a new report by [...]
PGE and Ørsted conduct bird and porpoise monitoring
PGE and Ørsted, which are preparing to build the Baltica 2 offshore wind farm, have started bird monitoring and are preparing for porpoise monitoring. The research conducted will allow data to be collected on the occurrence of birds and porpoises in [...]
Another Polish company with contract on PGE’s offshore project
PGE Baltica, a PGE Group company, has signed a framework agreement with ‘PROJMORS’ Biuro Projektów Budownictwa Morskiego sp. z o.o. for technical consultancy in connection with the implementation of offshore wind energy investments in port areas. The scope of work includes [...]
EIB provides €450 million to Prysmian to facilitate electricity transmission and distribution in Europe
Operations will take place in Finland, Italy and France. The new funds will go towards manufacturing extra-high-voltage submarine power cables and high-voltage onshore cables, and other upgrades to existing cables. The project supports the objectives of REPowerEU, for which the EIB [...]
