OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Bornholm Energy Island on the list of Renewable Energy Cross-border Projects under the CEF Energy
The European Commission has announced that three more projects have obtained the status required to be part of the List of Renewable Energy Cross-border Projects (CB RES list) under the Connecting Europe Facility for Energy (CEF Energy). One of theme is [...]
IRENA: Tripling Renewables by 2030 Requires a Minimum of 16.4% Annual Growth Rate
Record growth in renewables must be significantly topped up in the remaining 7 years to meet the UAE Consensus energy target set at COP28 according to the latest The Renewable Energy Statistics 2024 of the International Renewable Energy Agency (IRENA) released in [...]
Another step in implementing Pomeranian Centre of Competence for Offshore Renewable Energy – cooperation with Baltic Industrial Group
Baltic Industrial Group (GP Baltic) and the City of Rumia have established cooperation. On 24 July 2024, a Letter of Intent was signed by the President of GP Baltic Adam Kowalski and the Mayor of Rumia Michał Pasieczny. The cooperation is [...]
This was a week of Steady Progress in Baltic Sea Offshore Wind [Episode 128]
Episode 128 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, [...]
Production of key components for Baltic Power’s offshore wind farm is underway
Preparations for the installation of the Baltic Power farm are gaining momentum, and domestic companies are playing an important role in the process. Power stations are being built in Gdansk and Gdynia, which will receive energy from the turbines and transmit [...]
Offshore wind auctions in the Baltic Sea region: Insights from the EU RES Auctions Platform
The European Union has launched a new platform that consolidates key data on offshore wind projects in the Baltic Sea. The RES Auctions Platform is a deliverable of the EC Communication Wind Power Action Plan (COM(2023) 669 final). This platform consolidates [...]
Installation of half the Baltic Eagle offshore wind turbines completed
As reported in Iberdrola's mid-2024 financial update, 25 out of the planned 50 wind turbines for the Baltic Eagle offshore wind farm in Germany have now been installed. Baltic Eagle is on track to become operational by the end of 2024, [...]
EIB provides €450 million to Prysmian for offshore wind and cable manufacturing upgrades
The European Investment Bank (EIB) and Prysmian, world leader in the power and telecom cables sector, have signed a new, €450 million finance contract to facilitate electricity transmission and distribution in Europe. With a view to meeting the growing demand for [...]
SEB will provide a 125 million euro green loan to construct a wind farm in northern Lithuania
The financing is intended for the Akmenė Two project developed by Aquila Clean Energy EMEA, the clean energy arm of German investment management firm Aquila Group. Akmenė Two will have an onshore capacity of 99.2 megawatts (MW) and consist of 16 [...]
Tele-Fonika Kable S.A. to supply cables for construction of key infrastructure of Baltica 2 offshore wind farm
Tele-Fonika a global supplier of HV and EHV cable systems for the renewable energy sector, has been selected for the Baltica 2 project, with a capacity of approximately 1.5 GW, by Polimex Mostostal and GE Power. The company will build the [...]
