Posts Tagged ‘Germany’
Fassmer strengthens maritime manufacturing capabilities
The Fassmer Group is expanding its production capacities and establishing a new site in Stralsund. The company has leased facilities on the premises of the Volkswerft from the Hanseatic City of Stralsund. Operations are scheduled to begin in early 2026 with the construction of the new fisheries research vessel WALTHER HERWIG.
By setting up operations in Stralsund, Fassmer is strengthening its presence on the Baltic Sea while revitalizing the historic Volkswerft site. The region will regain an active maritime industry location – creating prospects for employment, value creation and regional cooperation.
Fassmer’s move into Stralsund marks the beginning of a strategic expansion. It reduces dependence on foreign supply chains, retains expertise within the country and contributes to the Federal Government’s security policy resilience.
Read full announcement (external link)
Originally published on 4 Dec
Read MoreWhen, not if Energy Island Bornholm
The concept behind an energy island is easy enough to understand: connect offshore windfarms to a converter station that can transform the electricity they generate to high‑voltage direct current and export it to markets where it is needed.
Indeed, in the case of Energy Island Bornholm, the matter should be even simpler: the converter station can be built on the island of Bornholm, about halfway between northern Germany and eastern Denmark—two markets that have said they want to buy the three gigawatts of electricity (enough to power as many as 4.5 million homes) the windfarms would produce.
What has not been so simple has been getting lawmakers to find the money for a project that has nearly doubled in cost since it was proposed in 2020 and now stands at 31.5 billion kroner (€4.15 billion). Uncertainty about whether Germany would still support the project after its federal elections this past February led to negotiations being suspended until May, but now it appears Berlin is eager for them to draw to a close.
Stefan Rouenhoff, a spokesperson for the German government, told an industry get-together on Bornholm on Monday that his country was willing to shoulder the larger share of the bill, and that he hoped a deal could be reached in time for it be announced on 26 January, when Germany hosts a wind-energy gathering of its own.
Read more
His comments echo earlier remarks from EU and Danish officials that an agreement is close. Other developments—from the EU’s pledge of €645 million as part of its wider energy‑security programme to the opening of public consultation in Denmark and Germany—suggest they are not exaggerating.
The industry appears to share their outlook. The meeting on Bornholm was the third of its kind, and, say the Danish hosts, the best attended, with representatives from all the key firms and agencies needed to bring Energy Island Bornholm on-line by 2030.
Also on hand were those looking for proof of concept for energy islands of their own, including one linking Åland, Gotland and Estonia’s Saaremaa. The real question, then, may be neither if nor when, but where.
Approval procedures for the Bornholm Energy Island project launched
An important milestone has been reached for the hybrid interconnector Bornholm Energy Island (BEI): first public consultations have started in both countries.
The transmission system operators 50Hertz and Energinet have jointly submitted an application to start the environmental impact assessment (EIA) to the Danish Environmental Agency SGAV for the “BEI Interconnector Bornholm-Germany.” To this end, in November 2025, the public on Bornholm and relevant stakeholders were invited to the first public consultation. In Germany, the first public consultation took place in April 2025.
Bornholm Energy Island is a European PCI project (project of common interest), and the approval procedures are therefore being carried out according to the European TEN-E regulation.
Read full announcement (external link)
Originally published on 28 Nov
Read MoreGermany and Finland: Cooperation strengthens position on the hydrogen market
It is the first of its kind in Finland: in the spring, an industrial-scale green hydrogen production plant went into operation in Harjavalta, Southwest Finland. It was built by the Finnish company P2X Solutions Oy, a pioneer in green hydrogen and Power-to-X technology. The company additionally plans to build further production plants in Joensuu and Oulu, aiming for a total hydrogen production capacity of 1 GW by 2031.
The arrival of the electrolysis plant in Harjavalta marked an important milestone for the production of green hydrogen.
The electrolysis system for hydrogen production in Harjavalta originates from Germany. More precisely from Dresden from Sunfire SE, a specialist in electrolysers.
Read full announcement (external link)
Originally published on 26 Nov
Read MoreConstruction of the Rheinmetall ammunition plant in Baisogala launched with an official ceremony
The joint German-Lithuanian 155-mm artillery ammunition plant near Baisogala is scheduled to commence operations by the end of 2026. This strategic facility will bolster Lithuania’s defence industry capabilities and contribute to ensuring national security. Today, 4 November, Minister of Energy Žygimantas Vaičiūnas took part in the symbolic ceremony marking the commencement of construction of the plant.
During the ceremonial launch, President of the Republic of Lithuania Gitanas Nausėda, Prime Minister Inga Ruginienė, Minister of Economy and Innovation Edvinas Grikšas, Minister of Energy Žygimantas Vaičiūnas, EPSO-G Group CEO Mindaugas Keizeris, and Rheinmetall CEO Armin Papperger symbolically marked the start of construction work on the facility.
“Energy goes beyond the boundaries of this sector. Today, energy security and national security are two inextricably linked areas. The EPSO-G Group has demonstrated its leadership by implementing strategic energy projects, such as the synchronisation with the continental European network, and is now doing so again by participating in a project of significance for both Lithuania’s and Europe’s security, while also integrating renewable energy,” says Minister of Energy Žygimantas Vaičiūnas.
Read full announcement (external link)
Originally published on 4 Nov
Read MoreEIB and Iberdrola sign a €500 million green loan for the Windanker offshore wind farm in German Baltic Sea
The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola for the Windanker offshore wind farm, a flagship clean energy project currently under construction in the German Baltic Sea.
The financing is guaranteed by the Spanish export credit agency, Cesce. This transaction with Iberdrola marks the inaugural use of a guarantee developed by the EIB and Cesce, to support green projects led by Spanish companies outside Spain, contributing to the European Union’s climate action and environmental sustainability objectives.
The new project will generate clean energy for thousands of homes, accelerate Europe’s electrification and energy security, driving new employment, economic opportunity, and state-of-the-art renewable energy innovation.
Read full announcement (external link)
Originally published on 3 Nov
Read MoreA delegation of more than 180 Latvian entrepreneurs begins a trade mission in Hamburg and Rostock
From September 24 to 26, Minister of Economics Viktors Valainis, together with 180 representatives of businesses and organizations, will participate in a trade mission to Hamburg and Mecklenburg-Western Pomerania. On September 25, Prime Minister Evika Siliņa will also join the trade mission to participate in a business forum and meet with senior officials from Mecklenburg-Western Pomerania.
This trade mission brings together more than 100 Latvian companies from various sectors – from biotechnology and sustainable energy to financial technology, information technology, and the defense industry.
Germany is the third largest economy in the world and one of the leading innovation and industrial powers. It is Latvia’s second most important foreign trade partner, with a total trade volume of €4.98 billion in 2024. Germany is also Latvia’s third largest export market, second largest import partner and main destination for Latvian service exports. In the first half of 2025, exports of goods to Germany increased by 4% to EUR 641.7 million, while exports of services increased by 6% to EUR 355 million.
Read full announcement (external link)
Originally published on 24 Sep
Read MoreLarge-scale order for Siemens Energy to realise Danish-German Bornholm Energy Island project
The joint Danish-German Bornholm Energy Island project is moving from the planning and development stage to the implementation stage. The two transmission system operators Energinet (Denmark) and 50Hertz (Germany) placed a joint order with Siemens Energy for the construction and turnkey delivery of four converter systems in total as well as other technical components on the Danish island Bornholm and the Danish island Zealand as well as on the German mainland. This marks the end of a six-month transition phase during which the joint project had to be paused due to the need for political regulation between the two countries involved.
The contract that is now concluded between Energinet, 50Hertz and Siemens Energy covers the design, the completion, transport, installation, testing as well as commissioning of the systems by the mid-2030s.
Read full announcement (external link)
Originally published on 4 Sep
Read MoreLithuania, Latvia and Germany plan an offshore electricity interconnector
On 9 April, Minister of Energy Žygimantas Vaičiūnas attended the annual conference of the European Wind Energy Association, Wind Europe 2025, in Copenhagen (Denmark).
During the conference, Minister of Energy Mr Vaičiūnas met with Kaspars Melnis, Minister for Climate and Energy of the Republic of Latvia, and Volker Oschmann, Director General for Electricity at the German Federal Ministry of Economic Affairs and Climate Action, and together they presented the planned project of an offshore electricity interconnector between the Baltic States and Germany.
Read full announcement (external link)
Originally published on 9 Apr
Read MoreNet Group expands into Germany by acquiring cybersecurity company
Net Group, an Estonian business and software development company, has expanded into Germany by acquiring Cloud Ahoi GmbH, a technology company specializing in comprehensive cybersecurity solutions for both private and public sector clients.
“The transaction is significant because on the one hand we are increasing our capabilities in providing cybersecurity services, and on the other hand Germany is Estonia’s largest export market. This gives us a unique opportunity to export valuable knowledge from Estonia to Germany for both the private and public sectors,” stated Priit Kongo, CEO of Net Group.
Read full announcement (external link)
Originally published on 8 Apr
Read More