The prospect of settling the EU's budget for the next seven years improves the likelihood that the EU's heads of state and government reach an agreement Thursday on reducing Europe's carbon emissions by "at least 55 percent", even though certain conditions from select countries will need to be accommodated.
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.