PROJECTS
PROJECTS
LATEST ARTICLES
‘Green loan’ of €1 billion to finance offshore grid connections in North and Baltic Seas
Eurogrid GmbH, the parent company of 50Hertz Transmission GmbH, entered into a contract with twelve banks for a redeemable loan of one billion euros with a term of ten years as part of ‘green’ syndicated financing supported by KfW. The loan [...]
50Hertz and Energinet welcome EU Support for Bornholm Energy Island – project in the Baltic Sea
Good news from Brussels for the Danish-German energy project Bornholm Energy Island in the Baltic Sea. The project has received EU funding. Now regulatory path for the project must be defined. The European Commission has provided funding from the Connecting Europe [...]
WindEurope launches ‘Wind Works for Europe’ series to showcase growing wind supply chain investments
WindEurope has launched a new initiative aimed at highlighting the growth of the European wind supply chain. The industry, which plays a pivotal role in meeting both competitiveness and energy security goals, is set to invest over €10 billion in building [...]
Eurazeo invests in offshore wind service vessels in Germany
Eurazeo, European investment group, has announced its leadership in the €70 million fundraising effort for MPC OSE Offshore, a platform dedicated to Offshore Service Vessels (OSVs) designed to support offshore wind farm operations. This initiative, in partnership with MPC Capital AG, [...]
Equinor and Polenergia with important seabed protection contract for Bałtyk 2 and Bałtyk 3 projects
Equinor and Polenergia have signed another important contract for the offshore wind farms Bałtyk 2 and Bałtyk 3. The contract is for seabed protection in the form of stone surcharges and was concluded with the Dutch company Van Oord. The Bałtyk [...]
EIB signs agreement to generate up to €8 billion in wind energy investments across the EU
BNP Paribas has signed an agreement with the European Investment Bank (EIB) that will stimulate up to €8 billion of funding for wind energy projects across the European Union. This initiative will unlock key investments to support new wind farm projects, [...]
OX2: Finland offshore Halla Project’s EIA Report Completed
OX2's offshore wind project development continues to progress despite challenging market and regulatory conditions. The Environmental Impact Assessment (EIA) report for the Halla project, located in Finland's exclusive economic zone, has been completed and submitted to the competent authority. This marks [...]
Equinor selects contractor for service base in Leba for offshore wind farms Bałtyk
Equinor has selected the Polish company Erbud as the contractor for the construction of an operations and service base in Leba. The realisation of the construction of the service base in Leba is crucial for the operation of the Bałtyk 2 [...]
Environmental Impact Study on Marine Mammals for ELWIND Launched
The main objective of the study is to obtain the fullest possible information on the baseline environmental status of seals and other sea mammals (grey seal, ringed seal, possibly harbor porpoise if presence recorded) prior to any development activities in and [...]
Cadeler further strengthens its position in the Polish offshore wind market with the signing of a new Vessel Reservation Agreement
Cadeler announces the signing of a Vessel Reservation Agreement (“VRA”) with Ocean Winds for the installation of the wind turbine generators (WTGs) at BC-Wind offshore wind farm in the Polish Baltic Sea. The potential value of the contract to be negotiated [...]
Start of preparations for drilling of offshore wind farms Bałtyk 2 and Bałtyk 3
Equinor and Polenergia have begun preparatory work in the landfall: the exit of cables exporting power from the Bałtyk 2 and Bałtyk 3 offshore wind farms to land. The drilling will allow the power cable to be routed and lead to [...]
First foundations of the Baltic Power offshore wind farm installed
As planned, construction of the offshore section of the first Polish Baltic Power offshore wind farm, a joint project between ORLEN Group and Northland Power, began in January. The first monopiles, i.e. the main elements of the foundations, were successfully installed [...]
Heavy lift installation vessel Svanen installs first monopile at Baltic Power wind farm
Van Oord’s heavy lift installation vessel Svanen has successfully installed the first monopile at the Baltic Power offshore wind farm, located 23 kilometres north of the Polish coast. The wind farm features the new generation of wind turbines, with a generating [...]
Baltic Power: offshore substation construction completed
The Baltic Power project, which is one of the most important undertakings in the Polish renewable energy sector, has reached an important milestone. The construction of two offshore substations for the wind farm, which were manufactured at the Baltic Industrial Group [...]
EIB contributes €400 million to building the EU’s largest offshore wind farm
European Investment Bank signed an agreement to support Poland’s largest utility Polska Grupa Energetyczna with a €400 mln loan towards the design and construction of Baltica 2, the European Union’s largest offshore wind farm to date. Baltica 2 will feature innovative [...]
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