EnergyWatch

Policy & Trading

Shipping companies raise huge sums in sustainability-linked credit facilities

Seaspan, Hafnia, Hapag-Lloyd, Euronav and Odfjell have all secured financing of approximately USD 1.5bn that is linked to meeting climate targets. This opens up for more access to capital, but also comes with increased reputation risks, the head of investor relations at Odfjell tells EnergyWatch's sister media ShippingWatch.

EU to address stalled Danish nearshore wind project

Developer European Energy has received a positive response from the EU regarding project Omø Syd, which is currently on hold due to considerations over migratory birds. The European Parliament has now requested that the Commission launch an investigation into the matter.

Green Hydrogen Systems goes to Germany

The Danish hydrogen firm has been selected for a German test center, where the effectiveness of the company's pressurized alkaline electrolysis will be measured against competing hydrogen technology.

Wind Denmark says new EU target requires tripled wind build-out

If the EU is to achieve 40 percent renewable power in its energy mix by 2030, wind turbines totaling 27GW must be installed each year. Last year saw only 10.5GW, and sector lobby Wind Denmark worries that member nations' framework conditions make the goal difficult to achieve in time.

EU releases climate proposal for shipping

The European Commission has now presented its proposal for a plan that would drive the green transition in shipping towards 2050. This is the first time the shipping industry is presented with a comprehensive legislative proposal to ensure that the sector contributes to the green transition.

EU adopts climate overhaul with moves on cars, planes and trade

The EU releases its Fit for 55 package, entailing a range of policy instruments such as climate import tariffs, higher renewable energy targets and a complete overhaul of the Emissions Trading System – all for achieving the 55-percent emissions reduction objective in 2030.

Final barrier to Vesterhav Syd, Nord removed

Denmark's Energy Board of Appeal has processed a number of complaints and now confirms the Danish Energy Agency's construction permit for nearshore wind farms Vesterhav Syd and Vesterhav Nord.

Merkel demands gas flow through Ukraine after Nord Stream 2

In an effort to quell geopolitical concerns about Russian-German natural gas pipeline Nord Stream 2, the German chancellor insists that Europe make sure eastern gas continues to flow through Ukraine even after the new connection bypassing the country commissions.

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