OFFSHORE POLITICS/POLICY NEWS
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EIB pledges €5 billion for European wind manufacturers and approves €20 billion for new projects
The Board of Directors of the European Investment Bank (EIB) today approved a €5 billion tailored initiative to support wind energy equipment manufacturing companies. The financing is part of the EIB’s contribution to the European Wind Power Package, and is designed [...]
Ignitis Renewables and Copenhagen Infrastructure Partners win Estonia’s first offshore wind tender
International green energy company Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund II are the winners of the auction-based competitive tender for development of an offshore wind farm in the Liivi 2 sea area in Estonia, having [...]
Unlocking the Power of the Wind: Denmark’s Push for Green Energy Beyond Planned Lifetimes
In a world grappling with the urgent need for sustainable energy solutions, Denmark is taking a significant step towards maximizing the potential of its wind farms. Green Power Denmark, a prominent advocate for renewable energy, applauds the decision by the Danish [...]
Electricity Grid Operators are Strengthening Regional Cooperation in the Baltic Sea
The electricity transmission system operators (TSOs) of the nine Baltic Sea Region countries will continue to cooperate actively to ensure the reliability of the region's electricity supply, the implementation of the project to synchronise the Baltic electricity grids with continental Europe [...]
OX2 sells stake in next generation Swedish offshore wind portfolio to Ingka Investments
OX2 has agreed with Ingka Investments, the investment arm of Ingka Group – the biggest IKEA retailer – to sell a 49 percent stake in next generation Swedish offshore wind projects. The transaction is expected to impact OX2’s operating income positively [...]
Arcadis Ost 1 wind farm has been inaugurated
The Arcadis Ost 1 wind farm off the coast of Rügen in Mecklenburg-Western Pomerania is now supplying its full capacity to the German electricity transmission system, providing consumers with an additional 250 megawatts (MW) of renewable energy. 50Hertz built the submarine [...]
BWO on German federal government’s port strategy: A step in the right direction
The recent press release from the Bundesverband Windenergie Offshore e.V. (BWO) regarding the federal port strategy signifies a commendable step in the right direction. The statement acknowledges the pivotal role that ports play in unlocking both economic and energy policy success. [...]
This week in Baltic Offshore Wind in 5 minutes – Episode 95
Episode 95 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, [...]
WindEurope: Getting auction design right will make or break the Net Zero Industry Act
The EU Member States agreed on their position for the upcoming negotiations with the European Parliament on the Net Zero Industry Act. The European Parliament adopted its own position in November. The Council and Parliament diverge on critical points as they [...]
GOWA’s Ambitious Offshore Wind Target Can Contribute to the Tripling Renewables Target by 2030
At COP28, global leaders committed to tripling renewable power capacity by 2030, following the recommendations of IRENA’s flagship report World Energy Transitions Outlook 2023. Amongst renewable energy sources, offshore wind plays a significant role in accelerating the energy transition and achieving [...]
