Four utilities under scrutiny for potential market manipulation

Swedish and Danish authorities weigh in on an investigation of four Danish utilities. A total of eight cases are being looked into.

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Birgitte Ringstad Vartdal advarer om, at man skal kigge betingelserne for Norge første bundfaste havvindpark, hvis man vil have ordentlige bud. | Foto: Statkraftpr

Statkraft calls for improvement of Sørlige Nordsjø II conditions

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Statkraft plans to add up to 3GW anually from 2025. From 2030, that numbers is ramped up to 4GW. | Foto: Statkraft

Statkraft aims to establish 40 new projects annually from 2025

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Baywa r.e. appoints new CFO

Statkraft climbs marginally during first quarter

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Swedish Vattenfall flagged the matter to Finnish energy regulators. | Foto: Marcus Emil Christensen

Vattenfall linked to market coercion in Finland

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Fortum notes progress and terminates Russian assets
The Finnish utility eyes widespread progress in 2023 and rids itself of a major Russian deadweight.
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RWE profits climb from EUR 2m to a stunning EUR 1.7bn in the first quarter
The German utility major shows progress across the board in the first three months of the year, propelled by hydropower, biomass and gas.
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Eon makes progress in first quarter
The German energy company noted advances on several accounting items despite prevailing uncertainties in the energy market.
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Fortum objects to "unlawful" Russian seizure
The Finnish utility company believes the Russian state has violated both Fortnum’s rights and international law.
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Ørsted dials down hedging on volatile year
Improving offshore wind assets and a new hedging strategy is to make way for a 2023 with significant milestones for the Danish utility.
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Head of Danske Commodities frustrated with overshadowing cases
”But I have to say that, when going through these recent cases, it would only be natural to consider if the low entry barriers needs to be raised,” says CEO Helle Østergaard Kristiansen.
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Ørsted isn't worried about inflation, expects US tax reductions
Finishing touches are currently being made to the second part of the Inflation Reduction Act which may trigger added tax reductions. Ørsted expects its piece of the pie.
Head of Danske Commodities expects "more normalized earnings in 2023"
Earnings are going to resemble 2021 levels more, says Danske Commodities CEO.
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Ørsted enters 2023 on minor setback
The Danish utility major is off to a solid start to the year, leaving the dreadful Q4 2022 result in the dust.
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Danske Commodities bags net profits of EUR 1.47bn
Danish energy trading powerhouse nearly triples revenue while both operating result and earnings soar.
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Vestas once again world's top turbine supplier
Even though Goldwind managed to close the gap on Vestas in 2022, the Danish turbine maker still comprised most of the world’s new installed capacity.
Vattenfall clamps down on hedging, pushes hydro investments
The Swedish utility has chosen to reduce price hedging on market volatility while ramping up investments in well-known technologies.
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Vattenfall shows continued growth
The Swedish utility notes significant net profit climbs after breaking even in 2022.
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Kremlin acquires Fortum's Russian assets
On Wednesday, the Finnish company reports that a Russian presidential decree enables authorities to issue temporary asset management on assets owned by foreigners.
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Ørsted: 2022 a historical low for European offshore wind ventures
Ørsted’s CEO of Europe Rasmus Errboe worries over lacking impetus in clean energy roll-out.
Ørsted commits to major US investment
The Danish utility ups the ante in state of Maryland’s future offshore wind venture.
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Danske Commodities taps into Brazil
The company has invested EUR 52.8m in the equity of its operations in the country.
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Happenstance summer musings led to billions in renewable energy projects
PensionDanmark’s breakthrough investment model and establishment of Copenhagen Infrastructure Partners have left their marks on the expansion of sustainable energy.
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Ewii books major deficit in 2022
Ewii presents a annual report teetering on the paradoxical, with soaring revenues and hemorrhaging net profits.
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Nuclear critics to be removed from Vattenfall's board
The Swedish government has nominated three new members for the utility’s board. As a consequence, two nuclear-skeptic members will step down, according to one media.
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