Swedish nuclear reactor to draw last breath before New Year's
Before New Year's Eve, Ringhals 2 will definitively stop generating power, while its sister reactor Ringhals 1 is set to close in 2020. However, the political center-right is opposed and in the 11th hour attempts a new bill to sustain the aging reactors.
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.