EnergyWatch

Utilities

Energy sector to be the engine of Sweden's green transition

During the next 25 years, Sweden's power consumption will rise by what corresponds to one and half times the consumption of neighboring Denmark. But if the country is to achieve net-zero emissions by 2045, it needs to accelerate its power grid build-out, says industry organization Swedenergy.

Blackrock to shun polluters in fight against climate change

Major US asset manager Blackrock means to give up investments with "sustainability-related risk" and launch new products to screen fossil fuels, the firm's CEO writes in an annual letter to executives. The firm entered the Climate Action 100+ group last week, joining hundreds of investment managers in pressuring GHG emitters to reduce their climate footprints.

Blackrock joins USD 41 trillion investor climate campaign

The New York-based major asset manager now adds its hefty influence of USD 7 trillion in AuM to the Climate Action 100+ investor group, putting even more pressure on big greenhouse gas emitters and fossil fuel companies and adding serious investment capital to climate change mitigation projects.

Norwegian TSO green-lights Equinor's grand plan

Norway's TSO Statnett has granted permission for the fields Troll B, C and Oseberg to undergo electrification – on certain conditions, however. Among other things, Statnett reserves the right to disconnect Equinor from the power supply before any other party in case of problems.

Norway was a net power importer in 2019

With an annual consumption of 133.5 TWh against 133.4 TWh in domestic generation, Norway was a net importer of electricity in 2019 – the first time this has happened since 2010.

Statkraft increases efforts on EV market

The Norwegian utility has bought out Agder Energi from charging company Grønn Kontakt, which will contribute to Statkraft's success on the European EV charger market.

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