The Swedish energy giant doesn’t want to rule out involvement in upcoming energy islands, but prefers focusing on floating wind for now, says CEO Anna Borg in an interview with EnergyWatch.
Like many other European companies, Finnish utility Gasum has refused to pay for Russian gas in rubles, now facing a suspension of gas supplies.
Mads Nipper lauds new deal and recommends keeping an eye on the price when coming auctions are drawn up.
Offshore wind capacity in the North Sea must increase tenfold towards 2050. This is the joint political vision that Danish Prime Minister Mette Frederiksen and a number of European heads of state will present Wednesday at a summit on offshore wind in Denmark.
The French utility now projects a full-year result of EUR 3.8-4.4bn against a previous forecast of EUR 3.1-3.3bn.
The Danish utility has teamed up with Ark Nature to explore options for recreating biodiversity in the ocean. Experiences from this partnership can be used globally to ensure a positive impact on nature when setting up wind farms at sea.
Infrastructure investor Infranode has become part owner of the Klemetsrud carbon capture project in Norway. Now the company is setting its sights on Danish CCS projects, while the project team collaborates with Danish waste management companies.
The Finnish utility exits the first quarter of the year with explosive revenue, though both the operating result and bottom line are marred by the Russian invasion of Ukraine. Fortum will now initiate a Russian exit, says CEO.
The German utility more than doubles its bottom-line result, not least thanks to advances in the solar and wind divisions. However, RWE has had to write off approximately EUR 850m as part of a contract for Russian coal.
The German utility sees significant revenue growth in Q1, while its EBITDA plunges by 15%. ”A difficult market environment,” the company notes.
The Norwegian utility eyes big opportunities after the Norwegian government’s announcement of large-scale offshore wind plans with an aim of 30GW by 2040.
The Norwegian utility has benefited from higher energy prices in the first three months of the year despite lower production.
European electricity prices have fluctuated between the floor and the ceiling in April, but Statkraft sees no need for further measures to handle the increased volatility.
The French oil giant, which is planning to set up a Danish CO2 storage facility as part of the Bifrost project, is putting pressure on authorities to introduce a license regime soon.
The Norwegian company’s CEO says the country was too focused on oil and gas when offshore wind started to accelerate, but he also points out that the energy technology now took hold in earnest.
Through the ReCoral by Ørsted project, the Danish utility will cultivate corals on offshore wind farms. The first test of the concept is set to start in June off the coast of Taiwan.
The Portuguese utility raises bottom-line profits by 75%, while expanding the portfolio by nearly 500MW.
Issues involving supplies and scale-up efforts related to the 5.X series led to an operating deficit of EUR 385m in the second quarter.
According to media Upstream Online, the French oil giant is on the prowl for acquisition targets within LNG as well as in the electricity and RE sectors.
The French power company has raised revenue by more then 60% during Q1, however benefiting only marginally on earnings, EDF says.
Aside from Nord Stream 2, a stake in a Russian energy company as well as joint venture activities have forced the Finnish utility to make substantial impairments.
Danish pension provider P+, which caters to academics, has cleaned up its portfolio and parted from companies including BP and Equinor.
This year’s first three months took a toll on the German utility, hit especially hard by impairments on both Nord Stream 2 and Unipro, while more natural gas on store has Uniper maintaining annual guidance.
Fennovoima has canceled the contract for a nuclear reactor planned for northern Finland on account of long delays.
Oil and gas platform Brage can be equipped with two temporary floating turbines to reduce CO2 emissions.
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