OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Programme of the Danish EU Presidency
From 1 July to 31 December 2025 Denmark will hold the Presidency of the Council of the European Union. It is the eighth time Denmark assumes the Presidency of the Council of the European Union. Under the slogan ‘A strong Europe in [...]
PGE and Ørsted will make T5 installation terminal available to one of Ocean Winds’ projects
Ocean Winds has signed reservation agreement with a joint-venture by PGE and Ørsted that will allow the use of the T5 terminal for the construction of the BC-Wind offshore wind farm from the Ocean Winds portfolio. Elektrownia Wiatrowa Baltica-2, a JV [...]
Play and discover wind: Ignitis Renewables education space in Palanga is waiting for you
Unique educational activities organised by an international energy company Ignitis Renewables will take place from 15 June to 13 July next to Jūratė and Kastytis Square on J. Basanavičiaus Street. Visitors will learn about the wind energy through fun and interactive [...]
EIB Group increases 2025 financing ceiling to record €100 billion to step up investments in security and defence, energy grids and Europe’s tech leadership
The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military [...]
PGE Baltica, CRIST, WIKE and Baltic Industrial Group want to cooperate on the construction of installation and service vessels
PGE Baltica - a PGE Group company with the largest portfolio of offshore wind energy projects in Poland - has signed a letter of intent with CRIST, its special purpose vehicle WIKE, and the Baltic Industrial Group to cooperate in the [...]
Share of electricity from renewables falls in early 2025
In the first quarter of 2025, 42.5% of net electricity generated in the EU came from renewable energy sources. Compared with the first quarter of 2024, this represents a 4.3 percentage points (pp) decrease (from 46.8%). The significant increase in electricity [...]
Global Wind Energy Council appoints Michael Hannibal as new Chair
18 June, London | The Global Wind Energy Council have appointed Michael Hannibal as new chair following a board meeting in London. Hannibal, who is a Partner at Copenhagen Infrastructure Partners and Chief Commercial Officer at Stiesdal Offshore, will take over [...]
New Energy Union Task Force to reinforce pan-European energy cooperation
In the margins of Transport, Telecommunication and Energy Council, the European Commission and the Polish Presidency of the Council have launched the Energy Union Task Force. Comprising high-level representatives from the European Commission and Member States, the Task Force is aimed [...]
Ignitis will supply Litgrid electricity for 7 years for a fixed price
An energy solutions company Ignitis and the Lithuanian electricity distribution system operator Litgrid signed a power purchase agreement (PPA) worth EUR 82.3 million (excluding VAT). The agreement was concluded on 19 June and will take effect starting from January 2026. Under [...]
Conference “BALTIC – SEE WHAT’S GOING ON” in Szczecin: Security, Connectivity, and Economic Resilience in the Baltic Sea Region
Szczecin will host the conference “BALTIC – SEE WHAT'S GOING ON Exploring Security, Connectivity and Economic Resilience in the Baltic Sea Region,” which will take place on June 30, 2025, at 10:00 a.m. in the conference room of the Marshal's Office [...]
