EnergyWatch

Policy & Trading

Shrimp shut down nuclear plant – twice

One of the worlds largest nuclear power plants went offline both on Tuesday and Wednesday last week. The culprit being a ten-legged marine creature only a few centimeters long.

Now Norway fears for its oil output

The challenging staffing situation could end up resulting in failure to maintain extraction efforts, according to the latest update on activities in the Norwegian North Sea by the Petroleum Safety Authority.

Ineos: Of course our finances are strained

Ineos E&P Denmark continually focuses on reviewing costs as the oil crisis develops, says CEO Sebastian Koks Andreassen. He remains confident in the plan for the long-awaited Hejre discovery.

Key to Swedish offshore wind soon ready

The Swedish wind sector is preparing to launch into offshore, and the government's parliamentary support parties say that the grid connection fee for offshore wind will soon be removed.

Wind farm of 160 MW dropped after 14 years of development

Norway's Energy Minister Tina Bru's rejection of Andmyran Vind's postponed commissioning means that plans for a 160 MW wind farm as well as a connected hydrogen plant are now shelved. Developers and local politicians are disappointed and surprised.

Swedish wind sector's rosiest dream turns into nightmare

Finally, Sweden's authorities now announce that they're working to end the national RE subsidy scheme by the end of 2021. The domestic wind sector has long yearned for its discontinuation, but the proposal, however, is useless in its current formulation, says sector lobby.

Aker Solutions CEO saw major pay cut in 2019

After going through an already strained period, oil service firm Aker Solutions has seen a significant downturn in economic activity since the coronavirus broke out, as is evident in the annual report, which also reveals a major pay cut for CEO Luis Araujo.

Quarantine rules lead to construction halt

Construction of new energy and infrastructure projects has stalled at many building sites in Norway due to quarantine rules, a shortage of international personnel as well as late deliveries.

GWEC to politicians: Look beyond LCOE

Renewable energy utilization must be improved, and politicians must think beyond mere prices and instead address system optimization, writes trade association in a new report.

India shuts completely down

In an effort to delay and prevent the spread of coronavirus contagion, India shuts down entirely for three weeks, entailing a complete public curfew, says prime minister.

3 out of 10 Norwegian energy companies expect layoffs

Energy Norway is feeling the effects of the corona crisis, which has halted installation and construction on nearly all projects. 30 percent of Energy Norway's members expect to lay off people, while 48 percent expect to downsize business.

Wintershall Dea continues development of Ravn field

Heavy downgrades don't affect the German gas giant's development plans in Denmark, where a major find is planned to be worked into the development of the Ravn field. The company is also preparing to drill a new well in the North Sea.

Coronavirus shuts down Norway's wind build-out

Norway's wind sector is particularly vulnerable to closed borders. The spring of 2020 should have seen a boom with hundreds of newly installed wind turbines, but now a total construction halt is looking more likely, says CEO of industry association.

EKF to help corona-stricken export

The Danish Export Credit Agency extends its reinsurance scheme so that it covers OECD countries, establishing a new liquidity guarantee for small and mid-sized companies.

Sweden proposes subsidy stop from late 2021

Swedish authorities make a long-awaited proposal to discontinue the Norwegian-Swedish RE certificate subsidy program nine years ahead of schedule. Developers know the scheme is on the verge of collapse, says a satisfied domestic sector lobby, while its Norwegian counterpart is less pleased.

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