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This energy island project is a crucial move to boost the supply of offshore wind power considerably in an effort to reduce CO2 emissions across Europe. It will contribute to achieving the EU’s objective of reaching climate neutrality by 2050. The islands will produce renewable energy on an unprecedented scale, thereby accelerating the phase-out of fossil fuels in Europe.

I am happy that a landlocked country like Luxembourg has the opportunity to actively participate in the development of the first offshore windmill island in the world.

Dan Jorgensen and Claude Thurmes“Offshore wind power will play an important role in securing the supply of the electricity grid in Western Europe,” said Luxembourg Minister of Energy Claude Thurmes. “I am happy that a landlocked country like Luxembourg has the opportunity to actively participate in the development of the first offshore windmill island in the world and thus can contribute to this important development for the energy transition. This cooperation with Denmark is complementary to the national strategy, which aims to accelerate the development of renewable energy in Luxembourg.”

“Denmark and Luxembourg are committed to Europe’s green energy transition,” emphasised Dan Jørgensen, the Danish minister of climate, energy and utilities. “Today, we are taking a big step forward.”

Photos: ©Danish Ministry of Climate, Energy and Utilities and ©MEA

 

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Visit the Luxembourg pavilion at the International Cybersecurity Forum in Lille

30-03-2023

More than 600 exhibitors will be heading to the 15th edition of the International Cybersecurity Forum in Lille (FIC) from 5 to 7 April 2023. Luxembourg has been present at previous FIC editions and will have a strong presence at the forum this year with approximately 30 companies and research organisations represented at the Luxembourg pavilion.
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University of Luxembourg inaugurates fintech centre of excellence

29-03-2023

On 29 March 2023, the University of Luxembourg inaugurated its National Centre of Excellence in Financial Technologies. The interdisciplinary centre will focus on the technological challenges and opportunities of the financial industry.
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Year-on-year inflation lowest in Luxembourg

28-03-2023

Luxembourg recorded the lowest annual inflation rate in member states in January 2023, according to the figures published on 23 February by the statistical office of the European Union, Eurostat. The flash estimates for February released on 2 March also show that Luxembourg maintained the eurozone’s lowest inflation record.
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Mission to Latvia presents potential business opportunities

21-03-2023

A high-level business delegation comprising of 20 Luxembourg companies participated in the three-day official trade mission to Latvia, where an intensive economic and business programme was unpacked, with over 90 B2B meetings taking place on the side-lines. Luxinnovation’s Head of International Relations, Jenny Hällen Hedberg, underscored the effective collaboration between the organisers of the mission and key areas of interest that were identified as a result of interactions between Luxembourg-Latvian counterparts.
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How to succeed with your expansion into Europe: the experts’ top tips

14-03-2023

Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
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