Gennaker offshore wind farm obtains construction and operations permit
Skyborn Renewables’ (Skyborn) permit application for its 976.5 MW Gennaker offshore wind farm, located in the German Baltic Sea and with a commissioning target date of 2028, has been approved on 16 December by the State Office for Agriculture and Environment in Stralsund, Western Pomerania.
The permit was handed-over to Skyborn today in Rostock. This achievement enables Skyborn to proceed to an anticipated Final Investment Decision (FID) in summer 2026, with construction planned to take place over a period of two years and commissioning in 2028.
Once operational, the Gennaker offshore wind farm will add up to 976.5 MW to Germany’s total renewable energy capacity and generate annually green electricity of 4TWh, equal to the annual consumption of approximately one million households.
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Originally published on 19 Dec
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The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
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Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
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Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
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Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
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Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct