Hungary bargains gas cap seeking sanctions reprieve for Russian oligarchs
As a new chip in negotiations, unnamed sources say Hungary is trying to have Petr Aven, Russian tycoon and investor in Danish North Sea oil, removed from EU sanctions lists. Aven, described by the union as one of ”Putin’s closed oligarchs”, has personally sued the EU.
Petr Aven has for several years played a central role in both the Russian financial sector and diplomacy. Photos shows Aven applauded by President Vladimir Putin. | Photo: Alexander Nemenov/AP/Ritzau Scanpix
BY PETER THOMSEN, WATCH MEDIA EU CORRESPONDENT, TRANSLATED BY DANIEL FRANK CHRISTENSEN & CHRISTOFFER ØSTERGAARD
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.
A manufacturing presence in North America is crucial, says the CEO on the return to the US, where the aim is 2.5GW per year using both Germany’s largest turbine and an as yet unknown product.
Under the new management, Jupiter Bach has transformed the business from huge losses to a profit. However, the chief executive admits that coincidence has played a significant part.
Norlys Energy Trading is currently investing in growth, but competition for the best people has never been so intense, says the head of the energy trading company.
In the midst of an arbitration case with back-and-forth claims over a record-breaking turbine order, an Indian project developer now sues Siemens Energy to prevent the manufacturer’s departure.
The political trend towards marginalizing China is dangerous, says Siemens Energy’s hydrogen chief, who is confident about the German company’s abilities despite the much cheaper Chinese plants.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.