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LATEST ARTICLES
Iberdrola receives German plan approval for the ‘Windanker’ offshore wind farm
Federal Maritime and Hydrographic Agency (BSH) has issued its decision to approve the plan for the construction and operation of the ‘Windanker’ offshore wind farm. In an area of 25 square kilometres, north-east of Rügen, in the German Exclusive Economic Zone [...]
PGE and Ørsted take a final investment decision on Baltica 2
Baltica 2 offshore wind farm is a project developed jointly by PGE Polska Grupa Energetyczna and Ørsted. Partners in joint venture have 50 percent shares each. PGE - financing its part of the investment in the project finance formula - obtained [...]
PGE and Ørsted take final investment decision on Baltica 2 Offshore Wind Farm
PGE and Ørsted have taken final investment decision (FID) on the 1.5 GW Baltica 2 Offshore Wind Farm, which will be built, owned and operated in a 50/50 partnership between Poland’s largest energy company PGE Polska Grupa Energetyczna and Denmark's global [...]
Bałtyk 2 and Bałtyk 3 with first delivery of cables from Polish Tele-Fonika Kable
Equinor and Polenergia, which are jointly developing offshore wind farm projects in the Baltic Sea, have received the first delivery of HV 220kV and EHV 400kV cables for the onshore part of the Bałtyk 2 and Bałtyk 3 projects. Polish company [...]
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 ‘Saare 1’ project which has a potential capacity of 900 MW. The Estonian authorities have tendered the [...]
NFOŚiGW supports development of Polish shipyard in offshore wind energy segment
22 January 2025. - The National Fund for Environmental Protection and Water Management (NFOŚiGW) 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 auction’s 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 [...]
Ørsted hits with €1.7bn impairment as US offshore challenges grow
Ørsted 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 [...]
Vårgrønn Expands Offshore Wind Portfolio with Acquisition of Baltic 2 Stake
Vårgrønn, 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 company’s growth strategy. This move strengthens Vårgrønn's presence in the renewable energy sector [...]
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