European Commission Approves Estonia's Wind Energy Support Plan

RWE and TotalEnergies are set to utilize the Buss Terminal Eemshaven in the Netherlands as the base for their offshore wind project, OranjeWind, which aims to generate 3 terawatt-hours of green electricity annually, enough to power over a million households. Construction and turbine installation are scheduled to begin in 2027, with the project also supporting concurrent ventures in Germany and Denmark. Meanwhile, the European Commission has approved a €2.6 billion scheme for Estonia to boost its offshore wind energy production, facilitating the transition to a net-zero economy. This scheme includes a competitive bidding process and two-way contracts for difference that provide price guarantees for electricity generated by offshore wind farms. The aid is capped at €65/MWh and will support up to 2 TWh of electricity per year. Both initiatives reflect a broader commitment to renewable energy and the European Union's climate objectives.