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LATEST ARTICLES
Baltic Industrial Group completes construction of two substations for Baltic Power
A ceremony was held yesterday to mark the completion of two power substations. Participants in the event were able to admire both structures on the Baltic Industrial Group's quay in Gdynia - complete and ready for loading onto a specialised barge. [...]
Oxan Energy won 1st floating offshore wind project in Estonia
Oxan Energy, French-based offshore wind developer, won the first Estonian floating offshore wind tender. Together with its partner SNOW, Oxan Energy will develop the āSaare 1ā project which has a potential capacity of 900 MW. The Estonian authorities have tendered the [...]
NFOÅiGW supports development of Polish shipyard in offshore wind energy segment
22 January 2025. - The National Fund for Environmental Protection and Water Management (NFOÅiGW) has granted Crist shipyard in Gdynia a loan of almost PLN 53 million for the construction of an innovative production line. This will be the first project [...]
Lithuanian government proposes temporary halt to offshore wind farm auction
The Lithuanian Ministry of Energy has proposed a temporary suspension of the ongoing offshore wind farm auction. The pause would allow for a review of the auctionās terms to ensure minimal impact on electricity prices for end-users. A draft resolution outlining [...]
Enefit Green and AFRY signed a FEED design contract for Liivi Bay offshore wind farm
Enefit Green and AFRY signed a contract to deliver the Front-End Engineering Design (FEED) services for the 1GW Liivi Bay offshore wind farm in Estonia. Johann-Gustav Lend, Head of Offshore Wind Energy at Enefit Green, noted that company is pleased to [...]
PNE AG Swedish onshore wind projects to Aneo
In mid-January 2025, PNE AG made a strategic decision to sell its Swedish subsidiaries, PNE Sverige AB and VKS Vindkraft Sverige AB, to the Norwegian energy supply company Aneo. The transaction includes the companies located in Gothenburg and Motala, alongside a [...]
Ćrsted hits with ā¬1.7bn impairment as US offshore challenges grow
Ćrsted presents an operating profit (EBITDA) for 2024 based on preliminary and unaudited reporting. EBITDA excluding new partnership agreements and cancellation fees is expected to total DKK 24.8 billion in 2024, in line with the latest guidance. The operational earnings from [...]
Estonia advances plans for offshore wind farm development in Saare 7 area
The Consumer Protection and Technical Regulatory Authority (CPTRA) has announced plans to initiate the superficies license procedure for an offshore wind farm in the Saare 7 area. Located approximately 11 kilometers west of Saaremaa, this site has been identified as suitable [...]
Polish Green Fund for investments in the energy transition is being established
The Industrial Development Agency S.A. (ARP), together with ARP TFI S.A., are taking steps to mobilise institutional capital, Polish and foreign, for the energy transition in Poland, through the creation of the Polish Green Fund. The mission of the Polish Green [...]
ORLEN on track for 12.8 GW of RES capacity: New strategy for 2035
ORLEN Group, in response to the global energy transition challenges, has announced an ambitious renewable energy target of 12.8 GW of installed capacity by 2035. A key element of this strategy is the development of offshore wind power, with ORLEN Group [...]
VĆ„rgrĆønn Expands Offshore Wind Portfolio with Acquisition of Baltic 2 Stake
VĆ„rgrĆønn, a Norway-based offshore wind company, has completed its acquisition of a 27.4% stake in the operational Baltic 2 offshore wind farm, marking a significant milestone in the companyās growth strategy. This move strengthens VĆ„rgrĆønn's presence in the renewable energy sector [...]
Equinor and Polenergia: 2024 summary and 2025 plans for wind farms in the Baltic Sea
Equinor and Polenergia have presented a summary of their offshore wind farm activities in the Baltic in 2024, and announced details of their plans for 2025. The BaÅtyk 2, BaÅtyk 3 and BaÅtyk 1 projects are entering key implementation phases and [...]
European Commission clears acquisition of EEW Offshore Wind EU by EEW and Sumitomo
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of EEW Offshore Wind EU by EEW Holding, both of Germany, and Sumitomo of Japan. The transaction relates primarily to the manufacturing of large steel tubes [...]
Renewables Finland: onshore wind power is being built without government subsidies
Up to 70 percent of Finlandās more than 8,200 MW wind power capacity has been built on a market-based model without government subsidies. Considering the relatively young age of the sector, the newest projects have long been constructed without any subsidy [...]
NKT awarded two High-Voltage projectsĀ
NKT has been awarded two turnkey projects in Germany under the existing multi-year framework agreement with TenneT, a Dutch-German transmission system operator. These projects are part of TenneT's ambitious 2GW Program, which is considered one of the most significant infrastructure initiatives [...]
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