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EU Innovation Fund backs Statkraft’s hydrogen production project in Germany

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Statkraft has been chosen to negotiate a grant of up to €107 million from the EU Innovation Fund for its project, which includes a 200 MW electrolysis plant and a 50 MW heat pump system. The project has the potential to produce 20,000 tonnes of renewable hydrogen and 50,000 MWh of green heat annually, supporting greenhouse gas reduction initiatives in Europe. Statkraft has also signed letters of intent with potential customers for green hydrogen and…

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Statkraft submits planning application for 2.1 GW wind farm in Baltic Sea

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Statkraft has filed a planning application for the 2.1 GW Baltic Offshore Delta North wind farm, located approximately 100 kilometres east of Stockholm, within Sweden’s economic zone in the Baltic Sea.  The bottom-fixed wind farm is designed to produce around 8 TWh of electricity annually, which could supply 40% of Stockholm County’s electricity consumption. The project site, identified as suitable for offshore wind by Swedish authorities, aligns with the revised Marine Spatial Plans that promote…

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Ignitis Group to bid in Lithuania’s second offshore wind tender

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Ignitis Group, a Lithuania-based energy company, has decided to participate in the country’s second offshore wind tender, set to begin in mid-November 2024.  The tender will offer rights to develop a 700MW wind farm in the Baltic Sea, with the successful bidder to be announced by April 2025. Ignitis is currently seeking a partner or consortium to take up to a 49% stake in the project. If no partner is secured by the end of…

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Equinor and Polenergia engage consortium for design and permits of Baltyk 1 wind farm

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Norway’s Equinor and Polish utility Polenergia have contracted a consortium comprising Ramboll and Projmors to provide consultancy services for the design and construction permits for their up-to-1.56 GW Baltyk 1 offshore wind farm. Located 81 km offshore Poland, Baltyk 1 is preparing for participation in a 2025 auction. The consortium will focus on achieving ready-to-build status for the project, leveraging Ramboll’s expertise in engineering and consulting and Projmors’ hydrotechnical design experience crucial for offshore wind…

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Equinor acquires 9.8% stake in Ørsted, becoming second-largest shareholder

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Norwegian energy giant Equinor has acquired a 9.8% stake in Danish renewable energy company Ørsted, valued at $2.5 billion. This transaction, involving 41,197,344 shares, makes Equinor Ørsted’s second-largest shareholder. Equinor plans to increase its stake to 10%, pending regulatory approvals but does not intend to grow the stake further. Ørsted, with a renewable generation capacity of 10.4GW, is developing offshore wind projects totalling 7GW and aims to achieve a capacity of 35-38GW by 2030. Equinor…

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Russian ‘shadow fleet’ poses environmental risk in Baltic Sea, warns Greenpeace

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A recent Greenpeace report warns of the significant risk posed by Russia’s so-called ‘shadow fleet’ of ageing tankers transporting crude oil, which bypass international sanctions. The report highlights the environmental threat of a potential oil spill in the Baltic Sea, particularly along the German coastline near Rostock, Lübeck, and Kiel. Greenpeace experts analysed four years of vessel movement data from tankers leaving Russian Baltic ports, including Primorsk, St. Petersburg, Ust-Luga, and Vysotsk. With Russia increasing…