OFFSHORE POLITICS/POLICY NEWS
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OFFSHORE BUSINESS NEWS
Ignitis Group announces an ambitious Strategic Plan 2024–2027 to double the green capacities with major investments
Ignitis Group, a renewables-focused integrated utility, is accelerating its investments and plans to double its Green Capacities by 2027. Building on the ongoing energy transition, the Group aims to deliver the benefits of renewable energy to its customers in the Baltics [...]
Offshore transformer station construction agreements signed by MFW Bałtyk II and III with Iemants
The project companies of offshore wind farm Bałtyk II and offshore wind farm Bałtyk III have signed reservation and pre-work agreements with Iemants for the design and construction of offshore transformer stations, stated Polenergia in a press release. The booking agreements [...]
Finland announces offshore wind tender schedule
During the Wind Finland Offshore event on May 14th, 2024, the Finnish Minister of Climate and the Environment, Kai Mykkänen, delivered promising news regarding the country's offshore wind energy initiatives. Mykkänen, an economist known for his dedication to environmental issues, shared [...]
Fingrid explored preliminary possibilities to connect offshore wind power to main grid
Fingrid has preliminary identified five areas along the west coast where large offshore wind parks could be connected to the mainland Finland’s transmission grid by the 2030s. These connections would require significant investments in the grid. The identified areas are Ulvila, [...]
Preliminary geotechnical campaign for Baltica 1 launched
PGE Baltica has launched a study to identify the Baltic Sea bottom for one of its offshore wind farm projects, Baltica 1. This task is being performed for the investor by Geoquip Marine. The main purpose of a geotechnical campaign in [...]
REPowerEU – EU presents new initiatives to strengthen energy security and accelerate transition to renewables
Today is the second anniversary of REPowerEU, the EU’s energy policy response to Russia’s invasion of Ukraine. REPowerEU has sped up the permitting of wind farms and helped raise the share of wind in Europe’s electricity mix – it’s now 19%. [...]
EQT offers $1.5 billion for renewable energy leader OX2
Private equity giant EQT has made headlines with its recent bid to acquire OX2 AB, a leading renewable energy platform, for a staggering $1.5 billion. The move underscores EQT's strategic focus on the renewable energy sector and its commitment to driving [...]
Baltic Power talks to fishermen of the Polish coast
Baltic Power held talks with representatives of the fishing communities of Ustka, Łeba and Władysławowo, thus starting a series of information meetings on the construction of Poland's first offshore wind farm. Perspectives for the development of offshore wind energy in Poland [...]
EC presents guidance and recommendations to accelerate RES roll-out ahead of REPowerEU anniversary
In the updated Recommendation on speeding up permit-granting procedures and its accompanying guidance adopted yesterday, the Commission highlights ways to improve planning and permitting procedures for renewable energy and related infrastructure projects in the EU. The updated permitting guidance provides examples [...]
Cadeler strengthens position in Polish offshore wind market
Cadeler A/S has secured vessel reservation agreements with both MFW Bałtyk II Sp. z.o.o. and MFW Bałtyk III Sp. z.o.o., each a joint venture project owned 50% by Equinor and 50% by Polenergia, marking the first contract between the parties. The [...]
