EnergyWatch

Utilities

Nasdaq rejects making a mistake in market collapse

The Vice President of commodity stock exchange Nasdaq Commodities maintains that energy trader Einar Aas' dispositions were under control in the days leading up to the dramatic collapse of the energy exchange.

New proposal aims to keep Ørsted's DSO in Danish hands

Danish party Enhedslisten (Red-Green Alliance) has made a parliamentary proposal that would require the country's government to demand Ørsted's DSO subsidiary, Radius, either be sold to a domestic energy cooperative or to the state-owned TSO, Energinet.

Media: Ørsted sifts through unwanted suitors in DSO sale

Danish media Berlingske reports that Ørsted is avoiding problematic buyers for its distribution systems operator, Radius. This follows on the heels of several politicians expressing concern about possible bidders from China or Russia.

Danish municipality votes in favor of Vattenfall's onshore wind project

Vattenfall's ambitious plans for project Nørrekær Enge in northern Denmark will end up becoming the country's largest onshore wind farm, and these plans took a decisive step forward yesterday evening, coming closer to realization. The last big obstacle must be cleared in two days' time.

Danish energy trader slapped with fine for market manipulation

The Danish financial crimes division has issued a fine of DKK 750,000 (EUR 100,471) to energy trader Energi Danmark and has confiscated the company's capital gains for ten counts of wholesale market manipulation, the Danish utility regulator informs. One other company is also implicated. "A clear signal signal to the market," says Danish Utility Regulator Director General Carsten Smidt.

Danish pension fund to bid on Ørsted's DSO subsidiary

Danish pension fund PKA and Canadian Pension fund Omers will bid on Ørsted's transmission system operator Radius, EnergyWatch gathers. Another Danish pension fund, ATP, has allegedly entered a partnership with Danish utility Seas NVE.

Astronomic bid for Ørsted's Danish DSO shocks analyst

Senior equity analyst Morten Imsgaard says that a DKK 26 billion bid for Ørsted's Danish transmission systems operator, Radius, is difficult to fathom. According to Bloomberg News, a group of Canadian investors has placed a bid of such a size.

Boskalis lands historically large offshore contract

The Dutch tugboat and marine group bagged a triple-digit million contract in euros for offshore cable installation. This marks the company's largest ever contract and will be carried out in a consortium which includes cable manufacturer NKT.

Uncertainty regarding Danish grid sale moves closer to sell-by date

The Danish Utility Regulator has postponed its work on the upcoming saving requirements for Danish grid companies. The result is that all potential bidders on Ørsted's electricity grid have to put up with uncertainty regarding revenue basis in the business for another two months.

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