OFFSHORE BUSINESS NEWS
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OFFSHORE BUSINESS NEWS
Financial Decisions Finalized for Harmony Link Onshore Construction
The Polish electricity transmission system operator, PSE, has approved the financial investment decision for the onshore construction of the "Harmony Link" interconnection. This decision complements the financial commitment made by Lithuania’s transmission system operator, Litgrid, in September, marking a joint commitment [...]
NATO Foreign Ministers Outline Strategy to Counter Russian Sabotage
NATO Foreign Ministers concluded two days of meetings in Brussels in December, focusing on countering Russia’s escalating hostile actions and safeguarding the Alliance's security. The discussions underscored NATO's commitment to addressing Russian sabotage, cyber-attacks, and energy blackmail, which have targeted NATO [...]
Lithuania Confirms Stable Power System Despite “EstLink 2” Cable Disruption
Lithuania's Ministry of Energy has assured the public that the disruption of the "EstLink 2" power cable between Estonia and Finland has no impact on the stability of the Lithuanian electricity system. Electricity supply to consumers is fully secured, and there [...]
This was a week of summaries in Baltic Sea Offshore Wind [Episode 150]
Episode 150 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, [...]
Increased protection granted to five Natura 2000 sites in the Baltic Sea
The EU adopted a set of conservation measures to strengthen the environmental protection of five Natura 2000 sites in the German Exclusive Economic Zone (EEZ) of the Baltic Sea in December. The initiative, put forward by Germany and agreed by all Baltic EU [...]
Act on Offshore Wind Power in the Exclusive Economic Zone enters into force – First tenders could be organised at the end of 2025
On 19 December 2024, the President of the Republic approved the Act on Offshore Wind Power in the Exclusive Economic Zone. The Act will help promote offshore wind power in Finnish exclusive economic zone, clarify the regulation of offshore wind power [...]
WindEurope assesses one year since adoption of European Wind Energy Charter
WindEurope assesses the first anniversary of the EU Wind Charter. The Charter committed 26 EU Governments, the EU Commission, and the European wind industry to implement the 15 measures set out in the European Wind Power Package to strengthen Europe’s wind [...]
Iberdrola Germany and SCHWENK Zement Partner in green electricity supply from Baltic Sea offshore wind farm
Iberdrola Germany and SCHWENK Zement GmbH & Co. KG have entered into a long-term cooperation agreement for the supply of green electricity from the Windanker offshore wind farm, currently under construction in the Baltic Sea. The agreement will provide SCHWENK with [...]
European Energy and Novo Holdings announce joint venture to triple renewable energy capacity of German onshore wind parks
A partnership between Novo Holdings and European Energy will repower 17 operational wind parks in Germany with new and more efficient wind turbines. The respective wind parks went operational between 2002 and 2008, and since then, significant advances have been made [...]
PFI Yearbook 2025: Opportunities and Challenges for Baltic Offshore Wind
The decarbonisation agenda is a pressing priority for governments worldwide, and the Baltic Sea region is emerging as a critical area for renewable energy development, particularly offshore wind. In April 2024, eight countries bordering the Baltic Sea – Lithuania, Denmark, Estonia, [...]
