OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
RWE halts offshore wind business in US, focuses on Europe
RWE, the German energy giant, has announced it is halting its offshore wind business in the United States. The decision comes despite a successful 2024 for RWE, in which the company posted strong financial results and expanded its renewable portfolio by [...]
PGE Baltica has signed an agreement to conduct geophysical surveys for the Baltica 9 OWF project
PGE Baltica has signed an agreement with Geofizyka Toruń S.A. to conduct geophysical surveys, including high-resolution reflection seismic with simultaneous bathymetric measurements, for the Baltica 9 Offshore Wind Farm project. These surveys will allow a preliminary analysis of the potential of [...]
European Economic Congress in Katowice: Challenges and Prospects for the Polish Offshore Wind Energy Industry
At this year's European Economic Congress in Katowice, a key debate for the future of the Polish power sector was held on the challenges of offshore wind energy development. This session, brought together representatives of leading companies, government administration and industry [...]
New services launched in the Baltic balancing market after all three countries joined PICASSO platform
Litgrid, Augstsprieguma tīkls and Elering, the electricity transmission system operators of Lithuania, Latvia, and Estonia, have launched new reserve services in the Baltic balancing capacity market following the accession of all three countries to the European balancing energy exchange platform PICASSO. [...]
Sunly, Deep Wind Offshore, and VALOREM Group join forces for offshore wind project Tuul Energy in Estonia
Estonian energy producer Sunly and French renewable pioneer VALOREM Groupenters Deep Wind Offshore’s offshore wind project Tuul Energy for joint development in Estonia. Sunly, Deep Wind Offshore, and VALOREM Group has signed a partnership agreement to develop offshore wind in Estonia. [...]
50Hertz appoints Christine Janssen as new CFO
Berlin, April 17, 2025 – Changes in the management of 50Hertz: The Supervisory Board of 50Hertz Transmission GmbH appointed Christine Janssen as the new Chief Financial Officer (CFO) of 50Hertz. She succeeds Marco Nix, who joined the Elia Group as CFO [...]
Litgrid commences design work for the Harmony Link overland interconnector
Lithuania’s electricity transmission system operator, Litgrid, has signed a contract for the design workk of the Harmony Link overland electricity interconnector with Poland. The appointed contractor will be responsible for preparing the main technical solutions and designing the key infrastructure elements [...]
Wind industry installs record capacity in 2024 despite policy instability
23 April, London | The Global Wind Energy Council’s flagship Global Wind Report released yesterday shows that 2024 was a record year for new capacity, with 117 GW of wind energy installed across the world. However, GWEC warned of increasing policy [...]
Rethinking Energy Security in the Age of Renewables – IRENA Report Highlights
The International Renewable Energy Agency (IRENA) presents a compelling case for a rapid, global shift to renewable energy as the only viable path to keeping climate goals—particularly the 1.5°C target—within reach. In its latest report, IRENA stresses that this transformation is [...]
The first stage of Kelmė wind farm has reached commercial operations date
Ignitis Renewables, an international green energy company, has completed the first stage of the largest wind energy project in Lithuania and the Baltics, Kelmė wind farm. The 114-megawatt (MW) Kelmė wind farm I has successfully reached the commercial operations date. “Kelmė [...]
