Europe’s first-ever Offshore Network Development Plan, published on Tuesday (23 January), highlights the huge investment needed to connect offshore wind farms to final consumers, with an estimated 54,000 kilometres of transmission assets expected to be built in European waters by 2050 – almost 1.5 times the equator’s length.
read more... 25/01/2024
Finland’s new rules for grid asset valuation threaten future network investments deemed crucial for the green transition, regional grid operators (DSOs) have warned.
read more... 18/12/2023
On Thursday, oil prices surged, as speculative traders took profits and investors showed an increased appetite for risk assets. This increase was prompted by a more relaxed stance from the Fed. Consequently, both contracts jumped by over 3%, with Brent crude closing at $76.61, and WTI crude ending at $71.58 per barrel.
read more... 15/12/2023
France’s new regulation, which will not allow funds invested in fossil fuel companies with new development plans to use a national ESG label, could result in forced divestments of $7.6 billion (7 billion euros) of oil and gas assets currently held by funds, according to a Morningstar Inc analysis carried by Bloomberg.
read more... 20/11/2023
Oil prices climbed on Thursday, buoyed by various factors, including the dollar's decline, an appetite for risk assets and potential production disruptions in Libya. Thus, WTI crude traded 1.5% higher at $76.89 a barrel, while Brent crude climbed by 1.6% to settle at $81.36 a barrel.
read more... 14/07/2023