Last year, the EU set a target that 15 percent of Europe's electricity grids must be interconnected by 2020 in order to reach the EU's 2030 renewables target and fulfill the ambition of an energy union.
Although Chinese wind turbine manufacturers have gained a dominant position in the global market, they should not be involved in the tenfold increase of green energy capacity in the North Sea, according to several players.
In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.
British electricity consumers have launched a class-action lawsuit against three European cable producers, including NKT. The consumer allege that the companies have been inflating prices for a number of years.