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CO2 EUA Dec 2024

May 23, 2024

The 500 MW interconnector between the UK and Ireland is set to launch in September.

The 500 MW Greenlink interconnector between Wales and Ireland will begin testing this summer, aiming to be fully operational by September, Ireland’s power exchange SEMOpx announced on Thursday. Data from the Nord Pool exchange confirmed that testing would start on 8 August. The interconnector will allow power to flow in either direction based on su...

May 22, 2024

NeuConnect construction begins in Germany

<p>Construction has started on the German portion of an interconnector linked to the UK with the milestone marked by a ground-breaking ceremony in Wilhelmshaven.</p><br><p>German Ministers Robert Habeck and Olaf Lies, plus UK Minister Greg Hands attended the ceremony for the NeuConnect, the first UK-German interconnector. &nbsp;</p><br><p>The link ...

May 22, 2024

UK government aims to build next large nuclear plant in Wales

<p>The UK government aims to build a large nuclear power plant in northern Wales as it seeks to boost the stable, low-carbon electricity source alongside wind farms to reach its climate goals.</p><br><p>Britain is starting talks with international energy companies to try and build the power plant at Wylfa on the island of Anglesey, according to a s...

May 20, 2024

Visalia, Atlantica sign PPA for 27.5 MWp of solar in Spain

Spanish power and gas utility Visalia has secured the supply of electricity from a new 27.5-MWp solar farm in southern Spain, it said on Monday in a LinkedIn post. The company signed a power purchase agreement (PPA) with Atlantica Sustainable Infrastructure plc to procure the supply for close to ten years. The contracted electricity will be ...

May 20, 2024

Eurowind Energy cleared to build 49.5 MW wind farm in Denmark

Danish renewables developer-operator Eurowind Energy has been cleared to proceed with its plan to build a 49.5-MW wind farm in Ulkaer Mose in the Danish peninsula of Jutland. The company said today in a social media post that the project has been given the go-ahead by the Environment and Food Board of Appeal and it is now ready to start construc...

May 20, 2024

Fotowatio enters Finnish PV market

Fotowatio Renewable Ventures (FRV), part of Jameel Energy, has announced its entry into the Finnish market with local operator Will & Must to develop a 600MW solar pipeline. These projects are expected to enter the "ready to build" phase over a period of three years, between 2024 and 2026. FRV's expansion to Finland marks its first entry to ...

May 20, 2024

Dollar steadies ahead of FOMC minutes, a deluge of Fed speakers

The U.S. dollar traded in a steady fashion Monday, at the start of a new week that is set to provide more clues over the future path of U.S. interest rates. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally higher at 104.355, marginally above a five-week low seen ea...

May 20, 2024

Subsidies vital for EU energy-intensive industry

“More targeted support measures to specific sectors would be a good idea, avoiding the blanket schemes of the past,” said Alberto Rizzi, researcher at ECFR Rome. “Strategically important” and “competitive” industries should receive subsidies, as well as those that “add value by maintaining production within the EU”, he added. The current en...

May 20, 2024

ESO: Balancing costs drop by £1.4bn

National Grid Electricity System Operator (ESO) has released its 2023-25 Mid-Scheme Report, detailing its performance in the initial year of the second business plan (BP2) period of RIIO-2, spanning from April 2023 to March 2024. The report highlights efforts to mitigate the impact of external factors such as the Covid-19 pandemic, Russia’s inva...

May 20, 2024

Bulgartransgaz picks two consortia for Vertical Gas Corridor expansion

Bulgarian state-owned gas transmission operator Bulgartransgaz said on Monday that it selected two consortia in a 586.7 million levs ($325.3 million/300 million euro) tender to expand infrastructure as part of an initiative to build a gas corridor linking Greece and northern Europe. In 2016, Greece, Bulgaria, Romania, and Hungary reached an agre...

May 20, 2024

Woodburn Capital aims to launch its PPAs in Croatia

Czech company specializing in renewable energy investments Woodburn Capital Partners said on Monday it aims to introduce its power purchase agreements (PPA) to companies in Croatia and the region as it wants to become a leading renewables developer and operator in central, eastern and southern Europe. "Our PPAs will be powered by our upcoming pl...

May 20, 2024

Siemens Energy plans to sell Indian wind business at $1bn valuation

Siemens Energy AG has initiated the sale of its Indian wind turbine business, a subsidiary of Siemens Gamesa Renewable Energy, as part of a strategic move to address losses and aim for profitability, Mint has reported. The Indian unit has annual revenues of $700m and a valuation of $1bn. Barclays is overseeing the sale process, with potential...

May 20, 2024

Greek LNG demand, prices rise amid on upcoming TurkStream maintenance

Greece has started to see an uptick in LNG demand and prices in mid-May on upcoming maintenance at the TurkStream pipeline and ongoing trade passage restrictions through the Suez Canal. Greece has imported a total of 70,000 mt of LNG in May so far, according to May 17 S&P Global Commodity Insights data, down 29% on the year. However, imports hav...

May 20, 2024

Hafslund JV buys 208-MW Norwegian wind farm from SUSI

Norwegian power group Hafslund AS and its joint venture partner Eidsiva Energi are buying a 208-MW wind farm in southern Norway, one of the largest ones in the country, from a fund managed by the Swiss investment manager SUSI Partners. The purchase of Tonstad Vindpark aims to expand Hafslund's existing wind fleet, the company said on Thursday, a...

May 20, 2024

Russia is China's top oil supplier for a 12th month in April

Russia was China's top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official data showed, as refiners continued to cash in discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices. China's crude oil imports from Russia, which include supplies sent via pipelines and the sea, we...

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