All foundations installed at the Baltic Power offshore wind farm
Baltic Power, a joint venture offshore wind project of ORLEN Group and Northland Power, completed the main installation works of all 78 key elements of foundations – monopiles for turbines and offshore substations. Over 20 vessels and 500 crew members and contractor representatives took part in this part of the installation campaign.
Installation of offshore foundations is an enormous challenge; we performed a campaign that was unpreceded in Poland in terms of scope and scale of works. Vessel crews operated precisely with heavy loads, reaching 1300-1700 tons and 100 meters in length. Therefore, multiple operations were a single-attempt work leaving no space for mistakes. Moreover, they were performed in challenging sea and weather conditions. That’s why it is such a noticeable milestone and a moment of pride for all of us – comments Maciej Stryjecki, CEO and the President of the Management Board of Baltic Power.
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Originally published on 18 Feb
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The final quarter of 2025 ended with strong momentum in clean energy, advanced technology, and sustainable industries, reinforcing Finland’s position as a global innovation leader. Significant investments, policy reforms, and international collaborations during this period are expected to shape the country’s competitiveness and growth path in the coming decade.
A new National Energy and Climate Strategy was introduced, serving as a key element of the country’s goal to become a leader in sustainable power. “The goal is to transform Finland into a clean energy leader in Europe,” said Sari Multala, Minister of Climate and the Environment.
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Originally published on 27 Jan
ORLEN Neptun begins the preparation process of a service port for the Baltic West offshore wind farm
ORLEN Neptun has entered into a reservation agreement with the Kołobrzeg Sea Port Authority. The agreement includes the reservation of land in the Kołobrzeg Sea Port, which will enable the preparation of a service port for the operation of another ORLEN Group offshore wind farm developed within the phase II of offshore wind energy development – Baltic West.
Strengthening existing cooperation through the signed reservation agreement will enable analysis and development of the preliminary project documentation. This will allow to use the solutions best suited to the implementation of the offshore wind project – Baltic West. Gaining experiences such as this one can help unlock the port’s infrastructure potential for the implementation of future offshore wind projects in this part of the Baltic Sea.
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Originally published on 22 Jan
The European Commission has allocated €113 million in funding from Connecting Europe Facility (CEF) for critical Synchronisation infrastructure protection implemented by the transmission system operators of Lithuania, Estonia, Latvia and Poland. The implementation of wider range of projects aimed at ensuring energy security against potential cyber and physical threats began on February 9 last year, following the successful synchronization of the Baltic States with the Continental European electricity network.
“Having successfully completed the synchronization project, the Baltic States and Poland continue to invest in energy independence and security. We are grateful to the European Commission for supporting our ambition to make the Baltic Sea region a model for strengthening the security and resilience of critical energy infrastructure across Europe. This funding is the result of our consistent efforts and sets a new precedent, as until now the European Union had no dedicated financing for the protection of critical energy infrastructure. By consistently applying the lessons learned from Ukrainian energy specialists, we are expanding the scope of protection for our critical energy infrastructure projects. We plan to apply for further funding for resilience projects and are actively working to ensure that a long-term EU-level instrument for financing critical energy infrastructure protection is established,” – said Žygimantas Vaičiūnas, Minister of Energy of the Republic of Lithuania.
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Originally published on 28 Jan
Estonia is no stranger to being the first in official digital adoption — already succeeding in making all governmental services online, using blockchain and e-voting. Now it’s time to take this approach into the AI era. The Estonian government unveiled Eesti.ai on Tuesday, an ambitious national program that aims to systematically implement artificial intelligence across all sectors, with the goal of doubling the value of Estonian work by 2035.
Prime Minister Kristen Michal launched the initiative alongside Bolt founder Markus Villig, who will chair the international advisory council driving the program. The council brings together Estonian tech leaders, including IT visionary Linnar Viik and entrepreneurs Sten Tamkivi (Skaala), Kaspar Korjus (Pactum), and Taavi Madiberk (Skeleton), working alongside international experts and sector representatives.
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Originally published on 27 Jan
Checkout.com, a leading global digital payments provider, has announced the establishment of a technology centre in Vilnius. The expansion follows the acquisition of Blue EMI, a Lithuanian electronic money institution, and will see Checkout.com build capabilities in compliance and technology, to serve its operations.
Since its establishment in 2012, Checkout.com has evolved from a fast-growing fintech into a payments infrastructure provider serving some of the world’s largest enterprises, with an expanding geographic presence and global operations. The company enables businesses to accept, process, and optimise digital payments worldwide, with services spanning online card acquiring, multi-currency processing, issuing, fraud detection, and payment orchestration.
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Originally published on 27 Jan
At the North Sea Summit on January 26, Denmark and Germany took the final steps toward realizing the Bornholm Energy Island. At Baltic Energy Island, we are grateful and more than ready to move forward.
Denmark and Germany have agreed to share the costs of the support needed for offshore wind. The cost distribution reflects a fair balance between the benefits of the project and the expected allocation of green power.
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Originally published on 27 Jan
By signing a contract governing the legally compliant cooperation for the construction and operation of the two offshore platforms required for the Gennaker offshore wind farm, transmission system operator 50Hertz and wind farm developer Skyborn Renewables (Skyborn) have cleared the way for commissioning the entire system by mid‑2028. The agreement resolves legal and regulatory uncertainties and sets a pioneering precedent for grid connection of an offshore wind farm located in territorial waters.
The Gennaker offshore wind farm, comprising 63 turbines of the 15‑MW class, will be built in German territorial waters (within the so‑called 12-nautical-mile zone) off the coast of the Fischland-Darß-Zingst peninsula. The project received full approval from the state of Mecklenburg-Western Pomerania in December last year. Installation of the wind turbines is scheduled to begin in late summer 2027. The cooperation agreement between 50Hertz and Skyborn now concluded represents an essential addition and prerequisite for the planned commissioning of the grid connection system in July 2028.
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Originally published on 27 Jan
A Market Sounding Is Announced for the Long-Term Capacity of the Klaipėda LNG Terminal for 2033–2044
AB KN Energies, the operator of the Klaipėda LNG Terminal, plans to launch a long-term LNG terminal capacity allocation procedure for the period 2033–2044 later this year. As a first step, the Company hereby initiates a market sounding process.
Prior to commencing the Procedure, the Company seeks to obtain feedback from market participants on the main proposed conditions of the Procedure. For this purpose, the Company announces a market survey.
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Originally published on 27 Jan
Latvia’s fintech industry is entering a new phase of maturity, driven by solid growth metrics, deeper collaboration with regulators, and a more diversified ecosystem. With 126 fintech companies now active across the country, the sector has evolved from a fast-growing niche to a strategic contributor to the national economy.
The latest figures show an impressive rise in both profitability and fiscal impact. In 2024, Latvian fintechs generated over €370 million in turnover and nearly €100 million in net profit—more than double the previous year’s profit. This performance was accompanied by strong contributions to public finances, with over €91 million paid in taxes. Employment across the sector has grown as well, now surpassing 3,600 professionals, many of whom are in high-skilled roles.
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Originally published on 25 Jan
RWE and Aneo, a Nordic renewables player, have signed a transaction agreement concerning RWE’s Swedish wind activities. This includes RWE’s onshore wind development pipeline (1.8 gigawatts), its onshore wind farms with a total operational capacity of 124 megawatts, the operational Karehamn offshore wind farm (48 megawatts), part of RWE’s third-party onshore service business, and the relevant development, operations and offshore teams assigned to the transferred projects and assets. Both parties have agreed not to disclose the purchase price. Completion of this transaction is subject to customary approvals and is expected in the first quarter of 2026.
Katja Wünschel, CEO RWE Renewables Europe & Australia: “We are delighted that our Swedish wind business and its project teams will be joining Aneo. As a key player in the Nordic wind sector, Aneo is dedicated to building a robust, long-term portfolio in Sweden, advancing energy projects that meet rising energy demand, create jobs and invest in communities. We are therefore pleased to have found a new home for our impacted employees, and we wish the Swedish team and its projects continued success. RWE’s strategic focus remains on its dynamic markets for attractive large-scale renewables growth.”
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Originally published on 23 Jan