World War II is still haunting the relationship between Russia and Japan because of a dispute over territory and lack of a peace agreement. Now, massive energy investments in Siberia are paving the way for new negotiations.
BY THOMAS HØY DAVIDSEN, FINANS
High up North between the icy Northern Pacific Ocean and the even colder Sea of Okhotsk lie the Kuril Islands like small beads of rock and stone.
The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.
With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.