Posts Tagged ‘energy’
Three international investors will develop wind technology production facilities on Kundziņsala
Over the course of the year, three international investors have been attracted while working on the European Union co-financed project “Creation of Port and Logistics Infrastructure for the Development of Wind Technology Production at Kundziņsala” at the Port of Riga. The companies plan to make significant investments in the offshore and onshore wind technology production facilities, their components, and related industries to be developed in the Kundziņsala area, creating more than 2,000 new jobs in the future. In March of this year, the Freeport of Riga Authority signed investment agreements with two of the investors attracted tin the framework of the project – UAB Eurostat 5 and Solidior Power Ltd.
Public funding for the project “Creation of Port and Logistics Infrastructure for the Development of Wind Technology Production at Kundziņsala” consists of co-financing from the European Regional Development Fund, the Freeport of Riga Authority, and the state, totaling 86 million euros, which is allocated for infrastructure development. Meanwhile, the three investors involved have committed to investing more than 700 million euros in the construction of production facilities in several phases by 2034.
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Originally published on 7 May
Read MoreNIB supports energy resilience in the Baltics
The investments include investments to essential energy infrastructure across the three Baltic countries, including expansion of existing district heating systems, building a renewable heat production facilities, and investments in Battery Energy Storage Systems (BESS).
These investments will strengthen the energy infrastructure, increase system flexibility, and contribute to the diversification of the regional energy mix, strengthening the three Baltic countries’ energy resilience.
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Originally published on 5 May
Read MoreORLEN Neptun conducts marine environment surveys for the Baltic West project
The marine environment surveys are an integral part of the process of preparing an offshore wind farm for the construction phase and, at a later stage, its operation in accordance with the developed environmental standards. In the area of the planned Baltic West wind farm, which comprises four licenses, comprehensive survey works are performed by the Polish company MEWO, using specialized survey vessels and an aircraft.
The range of activities carried out includes both surveys of the elements of inanimate nature and extensive monitoring of living organisms. The works are performed in the Baltic West area, another offshore wind farm being developed by ORLEN Neptun as part of phase II of offshore wind energy development. The project, with a planned capacity of about 4.1 GW, will enable the future supply of clean electricity to more than 5 million households in Poland.
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Originally published on 6 May
Read MoreEnergy Market Overview: Lithuania’s Wind Contribution Influences Baltic Electricity Prices
April brought favourable conditions to Estonian consumers and marked the second consecutive month of declining electricity prices. Thanks to sunnier weather and warmer temperatures, the average electricity price in April settled at 5.4 cents per kilowatt-hour, roughly 11.4% lower than in March and more than a quarter lower than in April of the previous year. The last time April was cheaper was in 2021, when the monthly average price stood at 4.4 cents per kilowatt-hour.
The reasons behind the lower prices are clear. Warmer weather reduced heating demand and, as a result, overall electricity consumption. Solar and wind generation increased significantly across the region, bringing a large volume of low-cost electricity to the market. This, in turn, reduced more expensive fossil-based generation. Additional support came from the ongoing Latvian hydropower high season, which helped displace higher-cost fossil-based generation assets.
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Originally published on 5 May
Read MoreFinland’s first hydrogen-powered truck arrives in Oulu
The OSAO Education Consortium has signed an agreement with the Dutch company Holthausen Clean Technologies for the delivery of Finland’s first fuel-cell-powered semi-trailer tractor to be deployed in road transport. The vehicle is scheduled for delivery in August–September 2026.
The procurement is part of the joint VISIOK project between OSAO, the University of Oulu, and Oulu University of Applied Sciences, which aims to develop learning and research environments aligned with the green transition and to strengthen the role of vocational education, in particular in the adoption of new technologies. “This is not just about purchasing a vehicle, but a significant step toward building new expertise and sustainable logistics in Oulu. The hydrogen truck is a significant part of the region’s hydrogen ecosystem and brings a completely new kind of learning and testing platform to Finland,” says Project Manager Marjaana Komi.
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Originally published on 4 May
Read MorePEJ and Westinghouse expand the group of Polish companies in the qualification process for the first nuclear power plant project
Another domestic company has joined the group of firms preparing to participate in the most demanding phase of the project to build Poland’s first nuclear power plant – the nuclear island. It is ZBUD – a manufacturer and supplier of specialized overhead lifting equipment for the industrial and energy sectors. Based in Dąbrowa Tarnowska, in the Małopolskie Voivodeship, the company has just begun the process led by PEJ and Westinghouse to prepare for the implementation of the requirements of ASME NQA-1, the American quality assurance standard, being a prerequisite for participating in the manufacturing of key nuclear components subject to the highest quality and safety standards.
“Nuclear new build is a transformative program as it requires the creation of an entirely new sector in Poland, new supply chains, and new areas of specialization, and at the heart of these efforts are Polish manufacturing companies and those providing related services. We are taking concrete steps to ensure the engagement of local content in this and future nuclear investment projects in Poland. By participating in the construction of power plants under the government’s program, Polish companies have a unique opportunity to acquire the necessary expertise in the coming years and develop the production of specialized equipment and services so that they can effectively compete in global supply chains with high added value,” Wojciech Wrochna, Secretary of State at the Ministry of Energy, and Government Plenipotentiary for Strategic Energy Infrastructure.
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Originally published on 23 Apr
Read MoreBałtyk 2 & 3 gain momentum as offshore installation phase approaches
Offshore wind farms developed by Equinor and Polenergia – Bałtyk 2 and Bałtyk 3 – are entering the phase of direct preparations for offshore installation works. In Vlissingen, at the facilities of Smulders, the topside – the main structure of the offshore substation for Bałtyk 3 – has just been rolled out of the production hall and positioned in the outdoor yard. The structure measures 51 × 38 × 43 meters, comparable to a 15-storey building.
Nearby, the topside for Bałtyk 2 is also in place. Both substation topsides, each weighing approximately 3,700 tonnes, are currently undergoing outfitting works and will be transported offshore in line with the installation schedule.
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Originally published on 22 Apr
Read MoreHYBOR hydrogen pipeline: Ground investigations and mapping begin
The scoping process for the planned HYBOR hydrogen pipeline has begun in all affected federal states – Saxony-Anhalt, Saxony and Thuringia. In this early stage of the process, the scope of the investigations for further environmental assessments is being defined in collaboration with the relevant authorities and public interest groups. This lays the groundwork for the subsequent environmental impact assessment and the planning approval process.
Preparatory investigations have been underway along the planned route since the end of 2025. These include environmental mapping of flora and fauna as well as ground investigations. The aim is to assess local conditions at an early stage and to align further planning responsibly with natural and site-specific conditions.
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Originally published on 21 Apr
Read MoreBringing the full scope of our work into view as the energy transition accelerates
We have recently introduced a refreshed Elcogen brand, including a new visual identity and a more detailed articulation, through a new website design, of who we are and what we stand for. This evolution reflects how our business has grown, how our technology is being applied, and the role we see ourselves playing in a rapidly changing energy landscape.
Our previous tagline focused only on enabling affordable green hydrogen. That remains central to what we do, but it is only part of the picture. At the heart of this brand update is our new tagline: Bridging the energy transition.
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Originally published on 22 Apr
Read MoreStegra secures €1.4bn Financing
Stegra has agreed in principle on €1.4 billion in new financing from a combination of new and existing investors to complete the construction of its large-scale green steel plant in Boden, Sweden.
The financing round is led by Wallenberg Investments, which has formed a consortium of investors that will, through this transaction, take a leading position in Stegra. Alongside Wallenberg Investments, the consortium consists of Temasek and IMAS. Funding is further strongly supported by Stegra’s existing shareholders, including Altor who will be the second largest owner post-closing, as well as Hy24 and Just Climate. It is also supported, subject to credit approvals, by its senior and junior lenders. This provides Stegra with a fully funded path to complete the construction and commissioning of its green steel plant.
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Originally published on 14 Apr
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