OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Vårgrønn Expands Offshore Wind Portfolio with Acquisition of Baltic 2 Stake
Vårgrønn, a Norway-based offshore wind company, has completed its acquisition of a 27.4% stake in the operational Baltic 2 offshore wind farm, marking a significant milestone in the company’s growth strategy. This move strengthens Vårgrønn's presence in the renewable energy sector [...]
5th Edition of MEWy ‘Trends and Visions for Offshore Wind Energy Development’ competition
The Maritime University of Szczecin and the Marshal's Office of the West Pomeranian Region invite you to take part in the fifth edition of the Trends and Visions for Offshore Wind Energy Development' competition. The competition is aimed at secondary school [...]
Equinor and Polenergia: 2024 summary and 2025 plans for wind farms in the Baltic Sea
Equinor and Polenergia have presented a summary of their offshore wind farm activities in the Baltic in 2024, and announced details of their plans for 2025. The Bałtyk 2, Bałtyk 3 and Bałtyk 1 projects are entering key implementation phases and [...]
Registration Now Open: Announcing the Agenda for the First Baltic Sea Offshore Wind Summit 2025
The countdown has begun for the Baltic Sea Offshore Wind Summit 2025, scheduled for March 10th, 2025, at the European Solidarity Centre in Gdańsk, Poland. With offshore wind energy gaining momentum across the Baltic region, the summit promises to be a [...]
This was a week of heightened vigilance in Baltic Sea Offshore Wind [Episode 151]
Episode 151 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, [...]
European Commission clears acquisition of EEW Offshore Wind EU by EEW and Sumitomo
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of EEW Offshore Wind EU by EEW Holding, both of Germany, and Sumitomo of Japan. The transaction relates primarily to the manufacturing of large steel tubes [...]
EEAS: EU will propose sanctions on Russia’s ‘shadow fleet’ to protect undersea cables in the Baltic Sea
European Commission and the High Representative released joint statement on the Investigation into Damaged Electricity and Data Cables in the Baltic Sea. Incident involving undersea cables in the Baltic Sea of December 25th is the latest in a series of suspected [...]
Damage to EstLink 2 cable raises energy prices in Baltic countries
During the Christmas holidays, the EstLink 2 cable linking Finland and Estonia was damaged, restricting the ability to import cheaper energy from the Nordic countries to the Baltic region. As a result, electricity prices in the Baltic countries, including Lithuania, recorded [...]
Renewables Finland: onshore wind power is being built without government subsidies
Up to 70 percent of Finland’s more than 8,200 MW wind power capacity has been built on a market-based model without government subsidies. Considering the relatively young age of the sector, the newest projects have long been constructed without any subsidy [...]
NKT awarded two High-Voltage projects
NKT has been awarded two turnkey projects in Germany under the existing multi-year framework agreement with TenneT, a Dutch-German transmission system operator. These projects are part of TenneT's ambitious 2GW Program, which is considered one of the most significant infrastructure initiatives [...]
