Danish energy trading specialists have found a seemingly undiscovered structure in the Nordic electricity market and will use it to cover risk on the largest corporate-based PPA in the world to date. Neas hopes that the "new and advanced balancing and hedging structure" can reduce risk for other wind turbine owners and secure the company solid footing in blossoming financial markets.
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Denmark is strengthening its position as a hub for the development of wind turbine blades as US-based TPI Composites plans to open a research and technology center in the city of Kolding next year. It remains uncertain how many engineers the company will hire.
Norway's Government Pension Fund Global recommends selling its stocks in oil and gas because it finds that Norway is too exposed to the sector. The fund has oil stocks worth hundreds of billions of Norwegian kroner. Learn here where the money is invested.