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Nordic Grid Development Plan 2012 Foreword
Nordic Grid Development Plan 2012 Foreword The Nordic transmission system operators (TSOs) have a long history of successful cooperation within grid development. Three common Nordic grid master plans have been developed in the last ten years in the context of Nordel, the previous cooperative organization for the Nordic TSOs. Joint Nordic grid development is essential to support further development of an integrated Nordic electricity market, as well as increased capacity to other countries and integration of renewable energy sources (RES). The Nordic co-operation on grid development is now taking place within the wider regional context provided by the regional groups North Sea and Baltic Sea of ENTSO-E, the European organization for TSOs, in addition to bilateral co-operation when required. The Nordic Grid Development Plan 2012 is prepared as a response to the request from the Nordic Council of Ministers of October 25, 2010. The plan is prepared by Statnett, Svenska Kraftnät, Energinet.dk and Fingrid, and the Icelandic TSO Landsnet has provided input regarding the Icelandic grid. The plan presents the Nordic grid investment plans for the next ten years. 28. September 2012 Oslo Stockholm Copenhagen Helsinki Statnett SF Svenska Kraftnät Energinet.dk Fingrid Auke Lont Mikael Odenberg Peder Østermark Andreasen Jukka Ruusunen CEO CEO CEO CEO LIST OF TABLES....................................................................................................................... 2 1 EXECUTIVE SUMMARY ............................................................................................ -
Wind Energy in Europe 2020 Statistics and the Outlook for 2021-2025
Subtittle if needed. If not MONTH 2018 Published in Month 2018 Wind energy in Europe 2020 Statistics and the outlook for 2021-2025 Wind energy in Europe 2020 Statistics and the outlook for 2021-2025 Published in February 2021 windeurope.org This report summarises new installations and financing activity in Europe’s wind farms from 1 January to 31 December 2020. It also analyses how European markets will develop in the next five years (2021 to 2025). The outlook is based on WindEurope internal analysis and consultation with its members. The data represents gross installations per site and country unless otherwise stated. Rounding of figures is at the discretion of the author. DISCLAIMER This publication contains information collected on a regular basis throughout the year and then verified with relevant members of the industry ahead of publication. Neither WindEurope, nor its members, nor their related entities are, by means of this publication, rendering professional advice or services. Neither WindEurope nor its members shall be responsible for any loss whatsoever sustained by any person who relies on this publication. TEXT AND ANALYSIS: WindEurope Business Intelligence Ivan Komusanac Guy Brindley Daniel Fraile Lizet Ramirez EDITOR: Rory O’Sullivan DESIGN: Lin Van de Velde, Drukvorm PHOTO COVER: Jacques Tarnero for Shutterstock WindEurope acknowledges the kind cooperation of the following associations and institutions: IG Windkraft (AT) – BOP, EDORA and ODE (BE) - BGWEA (BG) – HROTE, Renewable Energy Sources of Croatia (HR) - Czech Wind -
(2019), Hydrogen Production from Offshore Wind Power
HYDROGEN PRODUCTION FROM OFFSHORE WIND POWER Denis THOMAS Business Development - Renewable Hydrogen Hydrogenics Europe N.V. WindEurope Exhibition 2019 Bilbao (Spain), 2 April 2019 1 MHI VESTAS THOUGHT LEADERS FORUM| BILBAO (SP) | 02.04.2019 Hydrogen production from offshore wind power AGENDA 1. Intro: Hydrogenics, Hydrogen and Renewable Hydrogen 2. Renewable hydrogen from floating offshore wind in Japan (JIDAI) 3. Renewable hydrogen from offshore wind in the Netherlands 4. Closing remarks 2 MHI VESTAS THOUGHT LEADERS FORUM| BILBAO (SP) | 02.04.2019 Hydrogenics in Brief 4 productions sites Belgium, Canada, Germany and USA 180+ ON-SITE HYDROGEN GENERATION dedicated employees Electrolyzers Our raw materials $ 48M Industrial Hydrogen supply water & renewable power are 2017 annual sales H2O + electricity H2 + ½ O2 infinite! 2000+ 1 single focus fuel cell sites hydrogen solutions POWER SYSTEMS Fuel cells Stand-by Power Mobile Power Modules 500+ MW Power Plants Publicly Electrolysis plants traded in operation H2 + ½ O2 H2O + electricity NASDAQ (HYGS) and TSX (HYG) since 20002000 Global leader in 2 main hydrogen technologies: RENEWABLE HYDROGEN electrolysis and fuel cells 70+ years Energy Storage of experience 1,500+ Hydrogen Refueling Station Electrolysis plants Power-to-X sold since 1948 Grid balancing services 3 MHI VESTAS THOUGHT LEADERS FORUM| BILBAO (SP) | 02.04.2019 HySTAT™ 60 - alkaline electrolyser 4 MHI VESTAS THOUGHT LEADERS FORUM| BILBAO (SP) | 02.04.2019 World hydrogen market But most (96%) of the hydrogen ~1 €/kg produced today is not CO2-free (from gas, oil, coal) 2-8 €/kg If produced from renewable power via electrolysis, hydrogen is fully renewable and CO2-free. 1-2 €/kg Renewable hydrogen has the potential to decarbonize a large 20 €/MWh (power) range of applications 1 €/kg H2 (power cost in H2 cost) ~10 €/kg Production Storage / Transport / Distribution End5 -use MHI VESTAS THOUGHT LEADERS FORUM| BILBAO (SP) | 02.04.2019 Data source: The Hydrogen Economy, M. -
'A+' Rating Affirmed with a Stable Outlook Statnett SF
Research Update: Statnett SF 'A+' Rating Affirmed With A Stable Outlook February 26, 2020 Rating Action Overview PRIMARY CREDIT ANALYST - The Norwegian Energy Regulatory Authority (NVE) has announced that Statnett SF receives a Daniel Annas 100% efficiency score; this leads us to expect the company will capture in full the revenue cap Stockholm of its cost base. +46 (8) 4405925 daniel.annas - We expect continued ample rating headroom as our base-case scenario stipulated FFO to debt @spglobal.com to be close to 9% on average in coming years, and debt to EBITDA on average at about 8.5x, both SECONDARY CONTACT which we consider well commensurate with the 'bbb' stand-alone credit profile (SACP). Per Karlsson - We continue to view the regulatory environment for Norwegian as supportive, despite declining Stockholm weighted average cost of capital (WACC), because we view the framework as stable and (46) 8-440-5927 predictable; the WACC estimate for 2020 is 5.47%. per.karlsson @spglobal.com - We are therefore affirming our 'A+' rating and stable outlook on Statnett. ADDITIONAL CONTACT - Statnett's positive momentum in credit ratios post-2020 are hinged on RAB increasing as Industrial Ratings Europe planned, and without cost overruns. Corporate_Admin_London @spglobal.com Rating Action Rationale The regulator has announced Statnett as 100% efficient, which supports its credit ratios. On Jan. 31, the NVE announced Statnett's revenue cap, including an updated WACC estimation, at 5.47% and confirmation of a maintained 100% efficiency score. The WACC estimate decreased 35 basis points from the actual 5.82% reported in 2019, pointing to declining free-rate risk, computed as the average five-year swap rate from the most recent calendar year. -
Joint Messages Roundtable of European Energy Industrialists Brussels, 7 February 2013
w JOINT MESSAGES Roundtable of European Energy Industrialists Brussels, 7 February 2013 Empowering Market and Consumers The Roundtable of European Energy Industrialists, meeting in Brussels on 7 February 2013, represents companies that will invest more than € 75 billion by 2020. Between now and 2050, the energy industry as a whole will create millions of jobs and make a considerable contribution to economic growth. Eu- rope is now preparing its next vital steps towards a green energy transformation so comprehensive, that it overshadows all previous attempts at climate change mitigation around the world. By taking global leadership in realizing a low-carbon future, Europe's investment in infrastructure may foster a recovery from the economic downturn. Above all, the Roundtable of European Energy Industrialists believes that the future is electric, and that efficient electricity markets must be crucial in implementing this transformation. We therefore support the commitment of the European Commission to complete the internal energy market without delay. In summary, better markets, stronger grids, and smarter technologies are keys to Europe's energy transformation. – 1 – w 1. Better Markets The internal market is fundamental to efficient use of resources. In the short-term electricity market integration leads to increased liquidity and transparency in wholesale markets, more competitive prices and more freedom for consumers. In the long term, well-functioning electricity markets, stable regu- latory regimes and a robust emission-trading scheme will provide the signals for efficient investments. The reality, however, is that progress to complete the internal electricity market is slow and many ener- gy companies are having to deal with significant and rapid moves back to re-regulation of the sector at national levels. -
Interim Financial Report, Second Quarter 2021
Company announcement No. 16/2021 Interim Financial Report Second Quarter 2021 Vestas Wind Systems A/S Hedeager 42,8200 Aarhus N, Denmark Company Reg. No.: 10403782 Wind. It means the world to us.TM Contents Summary ........................................................................................................................................ 3 Financial and operational key figures ......................................................................................... 4 Sustainability key figures ............................................................................................................. 5 Group financial performance ....................................................................................................... 6 Power Solutions ............................................................................................................................ 9 Service ......................................................................................................................................... 12 Sustainability ............................................................................................................................... 13 Strategy and financial and capital structure targets ................................................................ 14 Outlook 2021 ................................................................................................................................ 17 Consolidated financial statements 1 January - 30 June ......................................................... -
Wind Energy and Economic Recovery in Europe How Wind Energy Will Put Communities at the Heart of the Green Recovery
Wind energy and economic recovery in Europe How wind energy will put communities at the heart of the green recovery Wind energy and economic recovery in Europe How wind energy will put communities at the heart of the green recovery October 2020 windeurope.org Wind energy and economic recovery in Europe: How wind energy will put communities at the heart of the green recovery WindEurope These materials, including any updates to them, are The socio-economic impact evaluation of wind energy on published by and remain subject to the copy right of the European Union has been carried out using the SNA93 the Wood Mackenzie group ("Wood Mackenzie"), its methodology (System of National Accounts adopted in licensors and any other third party as applicable and are 1993 by the United Nations Statistical Commission) and made available to WindEurope (“Client”) and its Affiliates Deloitte’s approaches, which evaluate the effects of the under terms agreed between Wood Mackenzie and Client. renewable energy in the economy. The use of these materials is governed by the terms and conditions of the agreement under which they were Deloitte has provided WindEurope solely with the services provided. The content and conclusions contained are and estimations defined in the proposal signed by confidential and may not be disclosed to any other person WindEurope and Deloitte on March 13th, 2020. Deloitte without Wood Mackenzie's prior written permission. accepts no responsibility or liability towards any third The data and information provided by Wood Mackenzie party that would have access to the present document should not be interpreted as advice. -
Future System Inertia 2
REPORT Future System Inertia 2 PARTICIPANTS Erik Ørum Energinet.dk Liisa Haarla Fingrid Mikko Kuivaniemi Fingrid Minna Laasonen Fingrid Anders Jerkø Statnett Inge Stenkløv Statnett Fredrik Wik Svenska kraftnät Katherine Elkington Svenska kraftnät Robert Eriksson Svenska kraftnät Niklas Modig Svenska kraftnät Pieter Schavemaker E-Bridge Consulting B.V. (PM) ENTSO-E AISBL • Avenue Cortenbergh 100 • 1000 Brussels • Belgium • Tel +32 2 741 09 50 • Fax +32 2 741 09 51 • [email protected] • www.entsoe.eu European Network of Transmission System Operators for Electricity Contents FUTURE SYSTEM INERTIA 2 ........................................................................................................1 1. EXECUTIVE SUMMARY ..........................................................................................................7 1.1 INTRODUCTION AND SCOPE ................................................................................................................................. 7 1.2 RESULTS AND CONCLUSIONS ................................................................................................................................ 7 1.3 NEXT STEPS ..................................................................................................................................................... 9 2. INTRODUCTION ................................................................................................................. 11 2.1 SCOPE FOR THE PROJECT .................................................................................................................................. -
Nordlink Benefits of the Nordlink Interconnector
NordLink Benefits of the NordLink interconnector The exchange of power enabled by NordLink will increase security of supply for the German and Norwegian grid and will allow exchange of renewable energies, especially hydroelectric power and wind power, between both countries. In addition it will give more stable electricity prices on both sides and, further on, also will facilitate Eur opean market integration. Driver of the energy transition / Integration of renewables NordLink is a cornerstone in the accomplishment of the energy transition. Since incorporation of the project in the federal national plan law (Bundesbedarfsplangesetz), the energy market necessity and urgent requirement for implementation of the project has been made statutory. The status “Project of Common Interest (PCI)” awarded by the European Union in accordance with the new guidelines for trans-European energy infrastructure underlines the high importance regarding socio-economic and energy market aspects of the project at a European level. NordLink – the “green cable” – will help to facilitate the integration of more renewable energy in Norway and in Germany. It will thus help to reduce CO2 emissions and reach climate goals. With its capacity of 1.400 megawatts, the interconnector can provide renewable energy for more than 3.6 million German households and will be able to export for example wind generated by approximately 466 wind turbines of 3 megawatts. This is comparable to the capacity of a large conventional power plant. European market integration NordLink is the first interconnector that directly connects Norwegian and German energy markets. This supports the integration of the Northwest European energy market, improves market efficiency and stabilises power prices. -
Offshore Wind in Europe – Key Trends and Statistics 2020
Offshore Wind in Europe Key trends and statistics 2020 Offshore Wind in Europe Key trends and statistics 2020 Published in February 2021 windeurope.org This report summarises construction and financing activity in European offshore wind farms from 1 January to 31 December 2020. WindEurope regularly surveys the industry to determine the level of installations of foundations and turbines, and the subsequent dispatch of first power to the grid. The data includes demonstration sites and factors in decommissioning where it has occurred. Annual installations are expressed in gross figures while cumulative capacity represents net installations per site and country. Rounding of figures is at the discretion of the author. DISCLAIMER This publication contains information collected on a regular basis throughout the year and then verified with relevant members of the industry ahead of publication. Neither WindEurope nor its members, nor their related entities are, by means of this publication, rendering professional advice or services. Neither WindEurope nor its members shall be responsible for any loss whatsoever sustained by any person who relies on this publication. TEXT AND ANALYSIS: Lizet Ramírez, WindEurope Daniel Fraile, WindEurope Guy Brindley, WindEurope EDITOR: Rory O’Sullivan, WindEurope DESIGN: Laia Miró, WindEurope Lin Van de Velde, Drukvorm FINANCE DATA: Clean Energy Pipeline and IJ Global All currency conversions made at EUR/ GBP 0.8897 and EUR/USD 1.1422. Figures include estimates for undisclosed values. PHOTO COVER: Kriegers Flak -
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, Conference Call
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance – decisions required 2.1 Way forward Central Settlement Entity Inf 3 Important points to highlight and decisions requested by TFs 3.1 Status extension projects and communication towards EC Dec 3.2 MRC OPSCOM Dec 3.3 MSD Dec 3.4 Procedures TF Inf 3.5 BMTF Dec 3.6 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Preparations for next TCG and MESC Inf 4.2 EC consultation on first light amendment of some relevant regulations incl. -
Minutes SDAC Joint Steering Committee Meeting 28/10/2020,11:00 – 17:00 CET, Conference Call
Minutes SDAC Joint Steering Committee Meeting 28/10/2020,11:00 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC/NGIFA2 SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance 2.1 Exit plan for GB parties Dec 2.2 DAOA: clarification re. approval of updated operational procedures Dec 2.3 15 min MTU implementation project Dec 2.4 Assessment on synergies between regions and SDAC Inf 3 Important points to highlight and decisions requested by TFs 3.1 BMTF Dec 3.2 MRC OPSCOM – PART 1 Dec Lunch break 3.3 Confirm quorum Inf 3.4 MRC OPSCOM – PART 2 Inf 3.5 Interim Coupling Project Inf 3.6 MSD (20 min) Inf 3.7 Intraday auctions (IDA) Inf 3.8 CCP default – status reporting Inf 3.9 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Joint SDAC & SIDC governance: “lean” implementation proposal Dis 4.2 Feedback from 22/09 TCG and 23/09 MESC Inf 5 Any other business 5.1 SDAC communication plan Inf 5.2 Qualified electronic signature – status investigation outcome Inf 5.3 Next meetings Inf 1 List of decisions # Topic Decision 1.2 Adoption of the The meeting agenda is approved.