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Neas aims magic wand at huge wind project to significantly reduce risk

Danish energy trading specialists have found a seemingly undiscovered structure in the Nordic electricity market and will use it to cover risk on the largest corporate-based PPA in the world to date. Neas hopes that the "new and advanced balancing and hedging structure" can reduce risk for other wind turbine owners and secure the company solid footing in blossoming financial markets.

Young Tobias Taudal learns the ways of a magic wand at a Harry Potter event in Denmark. Elsewhere in the country, energy traders at Neas have found their own tool to severely reduce risk in wind projects.

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EU Parliament increases green targets for Europe

The stage is set for a showdown with the member nations, particularly when it comes to the renewable energy directive, after the EU Parliament has today voted for a 35 percent target in 2030 and an equivalent target for energy efficiency.

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