Posts Tagged ‘investment’
Poland: With €600 million loan, EIB is the main financier behind new offshore wind farm
The European Investment Bank (EIB) will contribute €600 million and become the largest lender to the construction of BC-Wind, a 390 MW offshore wind windfarm in the Baltic Sea set to supply nearly half a million Polish households and businesses with clean power. Developed by Ocean Winds, an ENGIE and EDPR joint venture, the wind farm will sit over 20 kilometres off Poland’s western coast and is expected to start production in 2028. It marks the fourth major offshore project backed by the EIB in Poland, and the third one signed in the country just this year.
“The EIB’s persistent commitment to supporting climate, economic competitiveness and Europe’s strategic sovereignty stands behind this beneficial, long-term loan for the construction and operation of BC-Wind, a new offshore wind project in the Polish economic zone in the Baltic Sea. As the climate bank of the European Union, the EIB is a trusted partner of ambitious energy transition in Poland from renewable sources to grid modernisation to energy efficiency and affordability. The latest addition to Poland’s rapidly growing offshore wind industry, BC-Wind will help reduce Poland’s carbon emissions and ensure energy security for people and businesses,” said EIB Vice-President Teresa Czerwińska.
BC-Wind will consist of 26 bottom-fixed turbines, each with a maximum capacity of 15 MW. Ocean Winds has already secured all of the required permits, as well as a 25-year contract for difference to underpin future sales. On Dec.1, the company announced the sealing of an around €2 billion financing agreement with 15 lenders, which means construction can start in 2026.
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Originally published on 1 Dec
Read MoreLatvia takes first place in Investment Promotion Agency index
Latvia has been ranked nr. 1 out of 32 countries in the Investment Promotion Agency index as outlined in “The Investment Promotion Playbook 2025″ report by Reinvantage, an independent consultancy firm, for the second year in a row. The second place is taken by Estonia, with Lithuania ranked number 5.
The report by Reinvantage has assessed 32 countries across Central, Eastern, and Southern Europe, the Baltics, the Balkans, the Eastern Mediterranean, and Central Asia. The report has been published for 8 years consecutively, and has grown from its initial 23-country cohort to the now-expanded 32 countries.
The methodology is made up of scores across five categories, each weighted according to impact:
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Originally published on 1 Dec
Read MoreEstonian Skeleton expands with a €220M German plant
Despite its compact size, Estonia is now making big moves in Energy technology, as its startups move into the scale-up category. Founded in Tallinn, Skeleton Technologies just opened one of Europe’s most advanced supercapacitor plants in Leipzig — and the timing couldn’t be better.
The €220M facility is the largest recent industrial investment from Estonia into Germany, and a perfect showcase of how innovations and strong industrial traditions could merge. Think of supercapacitors as the emergency responders of the electrical grid. When power surges or drops happen, they react in milliseconds—far faster than traditional batteries. CEO Taavi Madiberk calls them “a seatbelt for a grid with more and more renewables.”
As Europe adds more wind and solar power, the grid becomes more volatile. The challenges are already evident, with spring’s widespread power outages in Spain and Portugal making headlines. That’s exactly the kind of crisis Skeleton’s technology prevents. Their systems already serve as last-resort safeguards for German grid operators, plus energy giants like Siemens, GE, and Hitachi. Their mission, as Madiberk puts it, is simple: “Keep the lights on in Europe.”
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Originally published on 1 Dec
Read MoreEstonia secures European investors for a 1 GW offshore wind project
Estonian offshore wind opportunities unite investors from all around Europe. Estonian energy company Sunly has joined forces with France’s VALOREM Group and Norway-based Deep Wind Offshore to develop the Tuul Energy project, reports Oedigital.
The collaboration, announced on April 10, will focus on developing a massive 250 km² area near Saaremaa Island. The project aims to install bottom-fixed offshore wind turbines with a potential capacity exceeding 1 gigawatt (GW), enough to power hundreds of thousands of homes.
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Originally published on 15 Apr
Read MoreFinland holds steady on attracting foreign investment
While foreign direct investment flows across Europe dropped in 2024, Finland held its line in attracting international companies. Sustainability took center stage, with investments driving cleaner solutions for energy, manufacturing and recycling. AI and imaging were in the mix too.
According to Invest in Finland’s monitoring service, foreign companies established or acquired 231 new entities in Finland during 2024 – a decrease of just 6% from the previous year. Over the same period, foreign-owned companies already operating in Finland made 130 follow-up investments.
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Originally published on 14 Apr
Read MoreVilnius Recognised for Excellence in Foreign Direct Investment
Vilnius has been awarded the top international recognition for its foreign direct investment (FDI) strategy, securing the prestigious Best FDI Strategy Award at MIPIM 2025, one of the world’s largest real estate exhibitions. The Lithuanian capital was honoured in the fDi European Cities and Regions of the Future 2025 rankings for mid-sized cities, an initiative by fDi Intelligence, a division of the Financial Times. This recognition underscores Vilnius’ long-term commitment to attracting global investment, fostering a business-friendly environment, and driving innovation.
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Originally published on 12 Mar
Read MoreINVL Baltic Sea Growth Fund has completed the sale of InMedica Group to Finnish Mehiläinen
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, together with the other shareholders, have completed the sale of InMedica Group, Lithuania’s largest private healthcare network, to Mehiläinen, Finnish largest social and healthcare provider with fast growing international presence
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Originally published on 6 Mar
Read MoreInvalda INVL Group raises the largest PE fund in the Baltics exceeding target at first close reaching EUR 305 million
Invalda INVL Group today announces that it has successfully completed a first closing of its second-generation private equity fund (“INVL Private Equity Fund II”), reaching EUR 305 million and exceeding its target of EUR 250 million. The INVL Private Equity Fund II has received strong backing from both existing and new investors, forming an exceptional investor base. This includes some of the most successful entrepreneurs from across the Baltics, family offices and institutional investors such as the European Investment Fund, pensions funds managed by Luminor asset management companies, SB Asset Management and IPAS INVL Asset Management in Latvia, as well as life insurance company UAB SB Draudimas. Fundraising will continue to reach a hard cap of EUR 400 million.
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Originally published on 17 Feb
Read MoreEstonian government signs large-scale investment incentive, set to launch in March
In 2024, the Estonian government and Enterprise Estonia committed to implementing a new incentive for large-scale investments. Scheduled to run from 2025 to 2028 and with a total budget of €160 million, the measure aims to increase the competitiveness, export capacity, and added value of businesses operating in Estonia. The Estonian Minister of Economic Affairs and Industry, Erkki Keldo, signed the measure in the first half of February. Applications, managed by Enterprise Estonia, are scheduled to open in March.
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Originally published on 10 Feb
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