The key objective of the Flow-Based Market Coupling (FBMC) mechanism is to optimize the day-ahead European electricity market for 13 countries from the so-called Core capacity calculation region.
The GIPL connects the Baltic states and Finland with the EU pipeline system. Together with the Klaipėda LNG terminal it has become an important piece of energy security infrastructure for the entire Baltic region and Poland.
According to the Government’s resolution, a 700 MW wind farm will be developed on the area of 15 hectares in the Baltic Sea. It is estimated that the installation will be able to produce up to 3 TWh of electricity per year.
After many years of administrative challenges, the first French MWh of offshore wind electricity was produced in the beginning of June. The Saint-Nazaire offshore wind farm will eventually comprise 80 turbines accounting for 480MW of capacity to be progressively installed until the end of the year.
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