Greenlink interconnector project secures investment from Partners Group

14/03/2019 10:34 Electricity Market

news

Partners Group has acquired an undisclosed stake on the behalf of its clients in the Greenlink interconnector project, a proposed 500MW power interconnector, which will link the Irish and the UK power markets.

Element Power and its owner Hudson Sustainable Investments will retain the remaining stake in the Greenlink interconnector project, which will be a subsea and underground high voltage direct current (HVDC) interconnector.

 

A financial close and the start of construction of the €400m interconnector project are expected to be achieved in the second half of 2020. The project is slated to be commissioned in 2023 following construction for about three years.

 

The Greenlink interconnector project will be laid nearly 200km underground and under the sea between County Wexford in Ireland and Pembrokeshire in Wales.

Source: compelo.com

Daily (19.03.2019): NBP gas prices continued to fall by around 1% on Monday due to oversupply

19/03/2019 10:13:00

Crude oil prices inched up on Monday supported by the extension of OPEC-led supply cuts and a decline in U.S. crude inventories. Brent crude edged 0.6% higher at $67.54 a barrel, while WTI futures traded 1% higher at $59.09 a barrel.

<READ MORE

Azerbaijan suspends pumping oil through Baku-Novorossiysk

19/03/2019 09:18:00

According to Azerbaijan´s Trend, the country has suspended oil pumping through Baku-Novorossiysk, said Ibrahim Ahmadov, Deputy Head of the Public Relations Department at SOCAR.

READ MORE

UK’s LNG Imports Jump To Highest Since 2015

19/03/2019 09:14:00

The UK is on track to import this month its highest volume of liquefied natural gas (LNG) since October 2015, as a wave of new global LNG supply and muted winter demand and low spot prices in Asia are boosting flows of the fuel to Europe.

READ MORE