Articles
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1 week ago |
energyconnects.com | Lars Paulsson |Francois de Beaupuy |Eva Brendel |Eamon Farhat
The days have only just started to get longer, but renewables output is already so strong that it’s forcing Europe’s nuclear reactors to make costly adjustments. Solar is set to flood the region’s grid and send power prices plunging in the coming months, forcing atomic plants to dial back.
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1 week ago |
bloomberg.com | Lars Paulsson |Francois de Beaupuy |Eva Brendel |Eamon Farhat
In France 70% of electricity still comes from 57 atomic reactors. (Bloomberg) -- The days have only just started to get longer, but renewables output is already so strong that it’s forcing Europe’s nuclear reactors to make costly adjustments. Solar is set to flood the region’s grid and send power prices plunging in the coming months, forcing atomic plants to dial back.
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2 weeks ago |
bloomberg.com | Eva Brendel |Lars Paulsson
Commodity traders thrive on volatility and high prices. (Bloomberg) -- Danske Commodities A/S said profit plunged by almost 50% last year as mounting geopolitical risks made Europe’s natural gas market hard to trade. Adjusted earnings before taxes sank to €186 million ($204 million) from €359 million a year earlier, according to the Danish firm, a unit of Norway’s Equinor ASA.
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3 weeks ago |
bloomberg.com | Lars Paulsson
Swedish power company Alight AB signed Finland’s biggest-ever solar power-purchase agreement and will build a 100-megawatt park to generate the electricity. Under the long-term supply deal with major automotive safety supplier Autoliv Inc., Alight will construct, own, and operate the facility in Eurajoki, while Autoliv will receive a majority of the power output, the Swedish firm said in a statement on Thursday.
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1 month ago |
news.bloomberglaw.com | Lars Paulsson |Kati Pohjanpalo
Finnish utility Fortum Oyj said new Nordic nuclear reactors could come online in the second half of the next decade at the earliest, should market and regulatory conditions make projects financially viable. That message from Fortum Chief Executive Officer Markus Rauramo is likely to disappoint Sweden’s center-right government, which wanted several new atomic plants to become operational in the first half of the 2030s.
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