MEPs are threatening to veto several natural gas projects which are set to receive EU funding because they do not want to support fossil fuels. This could delay other projects which also need funding. Among others the Danish power cables may be affected.
The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.