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Home Finance & Regulations The Baltic Sea region to fully exploit offshore wind energy

The Baltic Sea region to fully exploit offshore wind energy

In light of the objective of achieving a climate-neutral European Union by 2050 increasing offshore wind energy production will be essential.

Energy Ministers for the eight EU Member States in the Baltic Sea region (Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden) have signed a declaration with Energy Commissioner Kadri Simson committing themselves to closer cooperation on offshore wind in the Baltic Sea.

The potential EU contribution of offshore wind energy by 2050 will amount at least 20 times today’s installed capacity of 12 gigawatts (GW), making it a crucial pillar of the energy mix.

“If we are serious about reaching climate neutrality by 2050 then we need to upscale on- and offshore renewable energy massively and right away, not leaving it to the next generations,” said Commissioner Simson.

In the Baltic Sea alone, the potential for offshore wind power will be substantial, reaching up to 93 GW. This potential can be achieved, most efficiently, through a cooperative, regional approach.

“The Baltic sea basin connects all of us that are present today, it is as simple as that,” she continued. “Its importance goes far beyond the scope of one Member State. We should use this connection to make the most of its potential.”

Strengthened cooperation as regards joint and hybrid offshore wind projects, as well as smart grids, offshore wind parks, energy system integration, low-emission offshore technologies and digitalisation, will lead to a more flexible, resilient and well-balanced energy network. In particular, concrete joint and hybrid projects will be an important element and visible symbol of regional cooperation in the Baltic Sea area.

Earlier in July, a Letter of Intent on cooperation in the development of offshore wind energy was signed in Poland.

“We are pleased that a very large number of entities joined the implementation of the letter and thus expressed their willingness to cooperate,” said Poland’s Deputy Minister Ireneusz Zyska. “We also encourage other entities to join this initiative.”

Furthermore, at the beginning of September, Latvia’s Minister for Economics Janis Vitenbergs and Estonia’s Economy and Infrastructure Minister Taavi Aas signed a Memorandum of Understanding which aims to create a high capacity offshore wind park by 2030, which is up to 20 per cent of the power consumption of the two countries.

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