Denmark Plans Offshore Wind Tender With Up to $8.3 Billion Subsidy
Denmark will launch offshore wind tenders with a capacity of three gigawatt (GW), enough to power three million homes, its energy ministry said on Monday, offering subsidies to developers of up to 55.2 billion Danish crowns ($8.32 billion).The three tenders will open in the autumn this year and cover two areas in the Danish North Sea and one in the waters separating Denmark from Sweden.Two tenders will close in spring 2026 and one in the autumn of 2027, with completion expected by 2032 and 2033 respectively.The offshore wind
Denmark Plans to Offer Up to $8.3 Billion in Subsidies for Offshore Wind
Denmark's energy ministry announced on Monday that it will offer offshore wind tenders for a maximum of 3 gigawatts (GW), which is enough to power up to three million homes. The subsidies offered to developers could reach as much as $55.2 billion Danish crowns (8.32 billion dollars). Three tenders are scheduled to open this autumn, covering two areas of the Danish North Sea as well as one area in the waters between Denmark and Sweden. The two tenders are expected to close in spring 2026, and the other in autumn 2027.
Uniper to build first solar farms in Sweden as part of renewables push
The German utility Uniper said that it is building its first two solar farms in Sweden, as part of an overall company effort to invest in renewable energy. Uniper, in partnership with Solgrid and the solar producer, will develop Segaas & Segerhult Solar Farms, which are planned to have a combined capacity of 35 Megawatts (MW) in central Sweden. Construction is expected to begin in early 2026, and be completed by 2027. Johan…
Minister: Denmark may lift 40-year-old ban on nuclear energy
Denmark may lift a ban on nuclear energy that dates back 40 years to improve its energy security. This is a major policy shift for a country which has prioritized expanding wind and solar energy. Lars Aagaard, the Minister of Climate, Energy and Utilities, said that the Danish government would analyse potential benefits from new nuclear technologies, and a report is expected to be completed next year. Denmark has not had much experience with nuclear energy, so it's important to start analyzing the potential.
Minister: Denmark may lift 40-year-old ban on nuclear energy
Denmark may lift a ban on nuclear energy that dates back 40 years to improve its energy security. This is a major policy shift for a country which has prioritized expanding wind and solar energy. In an interview with Danish newspaper Politiken published late Tuesday, Lars Aagaard, the Minister of Climate, Energy and Utilities, said that the Danish government would analyse potential benefits from new nuclear technologies. A report is expected to be completed next year. But it is not enough to say that they are capable.
SBB, a debt-laden landlord, ends its losing streak in the first quarter with a profit
SBB, a Swedish landlord, announced on Tuesday that it had turned a profit before tax in the first quarter 2025, after 11 consecutive quarterly losses. Separately, Aker Property Group, a Norwegian company, was named as its largest shareholder. The real estate group that owns hospitals and care homes, but is heavily indebted, has reported a profit of 1.9 billion Swedish crowns (194 million dollars) between January and March, compared to a loss of 1,18 billion crowns a year ago.
Indian firms look to Dutch Royal IHC in order to explore deep sea mineral deposits
Two sources have confirmed that Indian mining and cement firms approached Dutch shipbuilder Royal IHC to ask for assistance in preparing bids for deep sea mineral blocks. India held its first auction of 13 deep-sea offshore mineral blocks in November. These included three construction sand and lime mud blocks as well as seven polymetallic blocks. The blocks are rich in minerals such as cobalt and copper. They also contain manganese and nickel which is vital for solar panels and electric vehicles.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Believe confirmed in its full-year report that it expected adjusted EBITDA in 2025 to increase by at least 35 percent, and it is still expecting positive free cash flow for 2025. Wolters Kluwer has priced a 500 million euro Eurobond with a maturity of seven years. Kering has appointed Demna to the position of artistic director at Gucci.
Leading think tank: Wind is best for Sweden to achieve its climate goals.
A leading think-tank said that the cheapest way to help Sweden meet its projected rise in electricity demand and achieve net zero emissions by the year 2045 would be to build more wind farms onshore rather than increasing nuclear power plants. The Swedish government wants to build 10 new nuclear plants by 2045, as the transport and industrial sectors are moving away from fossil fuels. Demand for electricity will also increase to 300 Terawatt Hours (TWh), up from 135 Terawatt Hours in 2023.
Sweden builds 100,000-year storage site for spent nuclear material
Sweden began building a final nuclear fuel storage facility on Wednesday. It is only the second site of its kind in the world where highly radioactive wastes will be stored for 100 years. Since the commercialization of nuclear reactors in the 1950s, the question of how to safely store radioactive waste has plagued the industry. Finland is the only nation that has a permanent site in its final stages of construction. World Nuclear Association estimates that there are approximately 300…
Document shows that ten EU countries have called for sanctions against Russian LNG and gas
A document obtained by revealed that ten European Union nations have asked the 27-nation group to ban the imports of gas from Russia. This comes as Europe is debating new sanctions against Moscow for its war in Ukraine. The EU is currently preparing its 16th set of sanctions against Russia's economic system, in advance of the third anniversary Moscow's invasion of Ukraine on a large scale. This will take place in February 2022. The 10 countries include the Czech Republic as well as Denmark, Estonia, and Finland.
Trade group: Wind power surpasses nuclear for the first time in Sweden
The Swedish Wind Energy Association said that the wind power output in Sweden reached a record in 2024. Wind power surpassed nuclear energy for the first time ever during the third quarter. SWEA reported that wind power was the leading source of electricity in December for the first time. It accounted for 35% of the production and had a record output monthly. The December result gives hope. "Wind power can provide a significant portion of the required electricity for electrification to avoid a loss of momentum…
India's JSW Energy will buy O2 Power units from Temasek for $1.47 billion
JSW Energy, the Indian company led by billionaire Sajjan Jindal, announced on Friday that its JSW Neo Energy division will purchase renewable energy platform O2 Power subsidiaries for $1.47 billion. The acquisition is in line with JSW Energy’s goal of achieving 20GW of renewable-led energy capacity by fiscal 2030, amid a strong push from the government to increase clean energy capacity. JSW Energy has acquired a portfolio of renewable energy worth 4.7 GW…
Sweden's North frets about financial risks as the green boom stumbles
Sweden's local governments, frightened by Northvolt's struggle for survival and its potential impact on taxpayers, have asked the central government to increase financial support for Sweden's transition towards green industry. Last month, Europe's leading electric vehicle battery manufacturer filed for Chapter 11 bankruptcy in the United States with $5.8 billion of debts. The EU's energy transformation is failing, and shockwaves were sent through Skelleftea, northern Sweden, where its Northvolt Ett plant is located.
Nuclear roadblock to EU's new renewable energy target
On Monday, pro-nuclear countries expressed their opposition to the European Union's plans for a renewable energy goal. They said they would not support a goal which excluded atomic energy. Nuclear power is a controversial energy source that has caused political disagreements among the 27 EU member states. These disputes have delayed recent EU initiatives to reduce energy prices and to drive Europe's shift to low-carbon sources of energy.
Government body calls for support of offshore wind in Sweden
The development of offshore wind projects off the coasts of Sweden is not commercially feasible, according to a government panel tasked with speeding up and reviewing the process for authorising new wind farms. The head of the commission, however, said that an analysis showed this would not guarantee the construction of more wind parks. Magnus Hermansson, a reporter, said that there is no area near the coasts of Sweden where the income expected exceeds the costs anticipated.
Nordic countries debate energy policy after spikes in power prices
On Thursday, the hourly electricity prices in certain parts of Scandinavia reached record levels. They were tenfold higher in some cases than average, due to cold weather and lower wind power production. This prompted politicians to suggest a change in energy policy. In Denmark, the price per megawatt-hour (MWh) for an hour starting at 1600 GMT has risen to 936 Euros. South-western Norway and Southern Sweden have seen prices above 700 Euros/MWh.
Sweden and Norway consider early termination of green subsidies
They said that on Friday, Sweden and Norway had asked their respective energy regulators for options to end a joint certificate scheme earlier than the current target date of 2035. The joint electricity certificate scheme was introduced in 2012, and the last reform occurred in 2020. Its aim was to help build up 46.4 terawatt-hours (TWh), of renewable energy by 2030. This target had already been met in 2021. The scheme gives…
Lithuanian officials see a 'high probability' of Baltic Sea cables being intentionally cut
Gitanas Nuseda, the Lithuanian President said that it was highly likely that the two fibre-optic cables undersea that were damaged in the Baltic Sea last month were intentionally cut. After being damaged on November 17-18, both cables, one connecting Finland with Germany and the second connecting Sweden and Lithuania were repaired and back online. Nauseda, a reporter at the time, said that there was a high probability of this being a malicious activity. He added that there was no proof to show the damage was intentional.
A survey shows that big steelmakers are not switching to renewable energy sources.
A survey of 18 major firms revealed that the world's largest steelmakers are falling further behind in their shift to low-carbon production. Some still rely on fossil fuels as their primary source of energy. The steel industry is responsible for around 7% of the global CO2 emissions. This is about the same as India. Coal-fired blasting furnaces produce 2 tons of CO2 per ton of output. There are alternative technologies, such as electric arc-furnaces (EAFs), which can be powered by renewable sources.
