Tag Archives: electricity supply

Red Eléctrica Explains Technical-Restriction Costs and Electricity Security Measures in Spain

Silhouettes of electricity transmission pylons and power lines against a warm evening sky.

The system operator points to generator pricing and energy volumes, while detailing September costs and strengthened operational safeguards. IN BRIEFKEY TAKEAWAYSFAQs Red Eléctrica has responded to reporting about Spain’s technical-restriction costs, explaining that the system operator applies regulatory requirements to … Read the full press release →

Statkraft to Supply Hydro With 876 GWh of Power Annually Under New Long-Term Agreement

(IN BRIEF) Statkraft and Hydro Energi have signed a long-term power purchase agreement (PPA) securing 876 GWh of annual power supply from 2031 to 2040, representing a total of approximately 8.8 TWh over the contract period, with delivery in Norwegian … Read the full press release →

Hydro Secures Wind, Solar and Storage-Based Power Supply From Varberg Energi

(IN BRIEF) Hydro Energi AS and Varberg Energi have signed a pilot hybrid power purchase agreement under which Varberg Energi will supply 10 GWh of electricity in SE3 over an 18-month period, using power from its own wind and solar … Read the full press release →

Kyiv Energy Security Strengthened Through New EBRD Loan and EU Ukraine Investment Framework Guarantee

(IN BRIEF) The European Bank for Reconstruction and Development is providing a new €50 million loan to Kyiv, matching earlier lending in 2024, to help Ukraine’s capital maintain essential municipal services and address the impact of Russia’s ongoing war. The … Read the full press release →

EIB Provides €500 Million Financing to Support Enexis Electricity Grid Expansion in the Netherlands

(IN BRIEF) Enexis has secured a €500 million financing facility from the European Investment Bank to support its 2026 electricity grid investment programme in the Netherlands. The financing will fund grid expansion, reinforcement and renewal across Groningen, Drenthe, Overijssel, North … Read the full press release →

RWE to Repower Rethen-Vordorf Wind Farm in Lower Saxony and Quadruple Capacity

(IN BRIEF) RWE has secured a contract in the latest tender held by Germany’s Federal Network Agency for the repowering of its Rethen-Vordorf onshore wind farm in Lower Saxony. The company will replace three existing turbines with three modern turbines, … Read the full press release →

TotalEnergies Sells Distributed Solar Assets in France, Belgium, Spain, Portugal, the UK, Luxembourg and the Netherlands

(IN BRIEF) TotalEnergies has completed the divestment of its distributed solar generation activities in seven European countries: France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg. The portfolio totals around 170 MW and mainly consists of rooftop solar … Read the full press release →

Long-Term Eviny Agreement Supports Hydro’s Low-Carbon Aluminium Strategy

(IN BRIEF) Hydro Energy and Eviny Fornybar have signed a power purchase agreement covering 0.5 TWh of renewable electricity per year from 2031 to 2040. The agreement totals 5 TWh, with power to be delivered in Norway’s NO5 price area. … Read the full press release →

Alcoa Reinforces Norwegian Aluminium Production with Long-Term Power Agreements from Statkraft

(IN BRIEF) Statkraft and Alcoa have signed two new power agreements to secure electricity supply for Alcoa’s aluminium plant at Lista in Southern Norway. The agreements cover approximately 4.8 TWh of electricity for the period 2028 to 2031 and are … Read the full press release →

EIB Supports Latvian Energy Security and Sustainable Infrastructure Through Latvenergo Green Bond Investment

(IN BRIEF) The European Investment Bank has committed €20 million to green bonds issued by Latvenergo, Latvia’s state-owned energy company, supporting the company’s latest bond issuance under its European Green Bond framework. The financing will help fund renewable energy and … Read the full press release →

Svenska Kraftnät Selects AFRY to Support Development of Critical Electricity Transmission IT Systems

(IN BRIEF) AFRY has signed a new framework agreement with Svenska Kraftnät to provide IT services supporting the modernization and expansion of Sweden’s electricity transmission system. AFRY was selected as one of six final suppliers through a two-stage procurement process. … Read the full press release →

Skanska and Svenska kraftnät Advance Stockholm Grid Capacity with New 400 kV Connection

(IN BRIEF) Skanska has signed a SEK 500 million contract with Svenska kraftnät to expand the electricity grid in western Stockholm through the installation of a new 10-kilometer-long 400 kV cable connection between Kronåsen and Råcksta. The project is part … Read the full press release →

OMV Petrom Strengthens Long-Term Romanian Resource Strategy with Neptun Deep and Anaconda-1 Drilling Plans

(IN BRIEF) OMV Petrom confirms that the Neptun Deep Black Sea gas development with Romgaz is progressing on schedule, with first gas expected in 2027 and investments estimated at up to EUR 4 billion. As development drilling continues, the company … Read the full press release →

Houseware producer Orthex to change its entire electricity delivery in the Nordics to fossil free hydro power from Vattenfall

(PRESS RELEASE) STOCKHOLM, 20-Aug-2021 — /EuropaWire/ — Vattenfall, a European energy company with a mission to enable fossil free living within one generation, has announced it now delivers 100 percent fossil free hydro power to Orthex’s factories in Sweden and … Read the full press release →

Iberdrola 1H-2020: €1.84 billion net profit; reaffirms its guidance for the end of the year

(PRESS RELEASE) BILBAO, 22-Jul-2020 — /EuropaWire/ — Spanish multinational electric utility company Iberdrola has announced its first half of 2020 results including guidance for the entire 2020. Commenting on the results, Ignacio Galán, CEO of Iberdrola, said that the company … Read the full press release →

Vattenfall to supply 260 GWh electricity yearly to Elkem for the period 2020 – 2026

STOCKHOLM, 18-Dec-2018 — /EuropaWire/ — Vattenfall and the Norwegian industrial group Elkem have signed a long-term electricity supply agreement for the period 2020 – 2026. The deal is the first major supply agreement with Elkem and includes supply of 260 GWh … Read the full press release →