OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
EU Nature restoration law: Council gives final green light
The Council of the EU formally adopted the – first of its kind – regulation on nature restoration on june 17th. This law aims to put measures in place to restore at least 20% of the EU’s land and sea areas [...]
Estonia, Latvia, and Lithuania are celebrating 30 Years of Baltic Cooperation
On June 13, 2024, the Prime Ministers of Estonia, Latvia, and Lithuania released a joint statement commemorating the 30th anniversary of the Baltic Council of Ministers. This milestone highlights three decades of robust cooperation that has not only strengthened the unity [...]
French auction results are not the new benchmark for floating wind in Europe
Last month France published the results of its 250 MW floating offshore wind auction off South Brittany (AO5). The winning bid was awarded at €86/MWh – a record-low for floating offshore wind. But Governments must not think this is a new [...]
Orlen Group puts Power to Gas installation into operation
Listed fuels concern Orlen Group's Odolanow Branch of Orlen's unit, PGNiG Upstream Norway, a research programme has launched a facility to convert electricity produced from renewable sources into gaseous fuels such as hydrogen, the company said in a press release. As [...]
Swedish Government Rejects New Power Cable to Germany
Swedish government announced its decision to reject the proposed 700 megawatts Hansa PowerBridge project, a new subsea power connection between Sweden and Germany. According to Reuters, the rejection was grounded on concerns about the inefficiency of the German electricity market, which [...]
Michał Jerzy Kołodziejczyk EQUINOR: Offshore wind is a pillar of Poland’s energy security
"Offshore wind energy is one of the pillars of Poland's energy security, and it is in the national interest for it to experience an acceleration," said Michal Jerzy Kolodziejczyk, president of Equinor in Poland, during the PWEA 2024 conference in Swinoujscie. [...]
Vestas has signed conditional agreement with Vattenfall and BASF for the Nordlicht projects in the German Northsea
Vestas has secured a conditional agreement to supply 112 V236-15.0 MW wind turbines for Vattenfall’s and BASF’s Nordlicht 1 and 2 offshore wind projects, as already communicated in Vestas’ Company Announcement 10/2024 of 13 June 2024. Within the scope of the [...]
GWEC: in 2023. Clear recovery in offshore, almost 11 GW of new capacity
In the offshore wind market in 2023. there was a marked rebound, with nearly 11 GW of new capacity coming on line, up 24 percent. more than a year earlier, according to an annual report by the Global Wind Energy Council [...]
Joanna Bolesta: Europe needs an international cooperation for the security of offshore wind
Offshore wind energy is an important pillar of the European energy transformation. Its aim is not only to decarbonize the sector, but also to significantly increase the energy security of the EU. However, to fulfil these roles it needs a proper [...]
Gas transmission system operators around the Baltic Sea have signed a Memorandum of Understanding to accelerate the development of hydrogen infrastructure
Nine gas transmission system operators (TSOs) in the countries around the Baltic Sea have signed a Memorandum of Understanding (MoU) which aims to coordinate and facilitate hydrogen infrastructure and also to foster hydrogen market development in the Baltic Sea region. The [...]
