Final Minutes 74Th System Development Committee Meeting
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North Atlantic Energy Network January 2016
North Atlantic Energy Network January 2016 Orkustofnun (OS) - National Energy Authority of Iceland Norges Arktiske Universitet (UiT) - The Arctic University of Norway Energy Styrelsen - Danish Energy Agency Jarðfeingi - Faroese Earth and Energy Directorate Shetland Islands Council - Economic Development Service Greenland Innovation Centre 1 2 EXECUTIVE SUMMARY The aim of the North Atlantic Energy Network project was to investigate how isolated energy systems in the North Atlantic can be connected to Norway and Greenland to form an electrical grid in the North Atlantic. Representatives of Greenland, Iceland, Faroe Islands, Shetland and Norway met in Copenhagen in the end of February 2015 to formulate how to tackle this question. Each country documented its status regarding energy production and potentials in the fields of renewable energy and the technological aspects were investigated. Greenland has a big hydropower and solar energy potential, which is not known in detail. Further work is needed to map the potentials. Due to lack of infrastructure and experience a cable connection between Greenland and the neighbouring countries is not realistic in the nearest future. It is technically possible to connect all of the neighbouring countries around Iceland with subsea cables. Iceland now produces about 18 TWh of electricity per year and could have the potential to double the production from geothermal and hydropower alone. There are many unclear aspects that need to be investigated further to draw a full picture of the pros and cons of interconnectors from Iceland. The legal and regulatory framework must be in place before a project of this kind can be realized and extensive grid reinforcements are needed to support export through a cable at a single connection point in Iceland. -
Methodology of Comparison 2013
METHODOLOGY OF COMPARISON 2013 Comparative Analysis of Sustainability Performance Methodological Remarks Convinced that a comparison of environmental, social and governance performance is of interest, not only to the Company itself, but also to its stakeholders, certain comparisons between Terna’s results and those of other com- panies are included in the 2013 Sustainability Report, as was the case in the preceding three years. Listed below are the main criteria adopted in the analysis, as an introduction to the reading and interpretation of the comparisons of individual indicators in the Report: • three panels of companies were identified: an industry panel, composed of the European transmission system operators and the major extra-European operators in terms of kilometres of lines managed; and two multi- industry panels, the first relative to large Italian companies (the 40 companies of the FTSE-MIB at 18 December 2013) and the second relative to the best international performers (the 24 world Sustainability Industry Group Leaders, identified by the RobecoSAM sustainability rating agency and disclosed at the publishing of the Dow Jones Sustainability Index of September 2013). The purpose of the three panels is to guarantee, also relative to the type of indicator reviewed, a comparison between companies with the same operational characteristics, an Italian comparison, and a comparison with the top international performers. The Terna figures do not contribute to the calculation of the average in the case of the RobecoSAM – Supersector Leaders panel; • the companies considered from among those in the three panels were those which publicise the information necessary for comparisons either on their websites, through the Sustainability Report (even if not prepared following the GRI guidelines) or through other documentation (HSE Report, financial report, etc.). -
Financial Statements of RWE AG 2012
2012Financial Statements of RWE AG FINANCIAL STATEMENTS OF RWE AG The financial statements and review of operations of RWE AG for the 2012 fiscal year are submitted to Bundesanzeiger Verlagsgesellschaft mbH, Cologne, Germany, the operator of the electronic Bundesanzeiger (Federal Gazette), and published in the electronic Bundesanzeiger. The review of operations of RWE AG has been combined with the review of operations of the RWE Group and is published in our annual report on pages 31 to 101 and pages 111 to 117. Balance Sheet 2 Income Statement 3 Notes 3 Dividend Proposal 20 Responsibility Statement 21 List of Shareholdings (Part of the Notes) 22 Boards (Part of the Notes) 47 Auditor’s Report 51 Financial Calendar 52 Imprint 53 2 Balance Sheet Balance Sheet at 31 December 2012 Assets (Note) 31 Dec 2012 31 Dec 2011 € million Non-current assets (1) Financial assets 42,440 39,246 Current assets Accounts receivable and other assets (2) Accounts receivable from affiliated companies 9,039 7,719 Accounts receivable from investments 1 Other assets 121 141 Marketable securities (3) 351 2,357 Cash and cash equivalents (4) 1,404 697 10,916 10,914 Prepaid expenses (5) 465 73 Deferred tax assets (6) 2,221 2,761 56,042 52,994 Equity and liabilities (Note) 31 Dec 2012 31 Dec 2011 € million Equity (7) Subscribed capital Common shares 1,474 1,474 Preferred shares 100 100 1,574 1,574 Less nominal value of treasury shares − 1 Capital issued 1,574 1,573 Capital reserve 2,385 2,385 Retained earnings Other retained earnings 4,870 4,737 Distributable profit -
Summer Outlook Report 2012 and Winter Review 2011/2012
SUMMER OUTLOOK REPORT 2012 AND WINTER REVIEW 2011/2012 European Network of Transmission System Operators for Electricity An Overview of System Adequacy: Summer Outlook Report 2012 and Winter Review 2011/2012 ENTSO -E Avenue Cortenbergh 100 • 1000 Brussels • Belgium • Tel +32 2 7410950 • Fax +32 2 741 0951 • [email protected] • www.entsoe.eu SUMMER OUTLOOK REPORT 2012 AND WINTER REVIEW 2011/2012 European Network of Transmission System Operators for Electricity 1 INTRODUCTION ....................................................................................................... 3 2 EXECUTIVE SUMMARY ............................................................................................. 4 3 METHODOLOGY ...................................................................................................... 5 3.1 SOURCE OF INFORMATION AND METHODOLOGY ................................................................................... 5 3.2 AIMS AND METHODOLOGY ................................................................................................................ 7 4 WINTER REVIEW .................................................................................................... 10 5 SUMMER OUTLOOK ............................................................................................... 11 5.1 GENERAL OVERVIEW ...................................................................................................................... 11 5.2 INDIVIDUAL COUNTRY PERSPECTIVE ANALYSIS ................................................................................. -
EU Involvement in Electricity and Natural Gas Transmission Grid Tarification
http://think.eui.eu Topic 6 EU Involvement in Electricity and Natural Gas Transmission Grid Tarification Final Report January 2012 Project Leader: Christian von Hirschhausen Research Team Leader: Sophia Ruester Research Team: Claudio Marcantonini Xian He Jonas Egerer Jean-Michel Glachant Project Advisers: Dörte Fouquet Nils-Henrik von der Fehr THINK is financially supported by the EU’s 7th framework programme This text may be downloaded only for personal research purposes. Any additional reproduction for other purposes, whether in hard copies or electronically, requires the consent of the authors. Source should be acknowledged. If cited or quoted, reference should be made to the full name of the authors, the title, the year and the publisher. ISBN: 978-92-9084-075-6 doi:10.2870/35561 © 2012, European University Institute © 2012, Sophia Ruester, Christian von Hirschhausen, Claudio Marcantonini, Xian He, Jonas Egerer and Jean-Michel Glachant EU Involvement in Electricity and Natural Gas Transmission Grid Tarification Contents Acknowledgements i Executive Summary iii 1. Introduction 1 2. Trans-regional coordination and the potential role of the EU: The case of transmission infrastructures 4 2.1 Economic rationale for EU involvement and harmonization 4 2.1.1 Is any trans-national involvement justified on the grounds of subsidiarity? 4 2.1.2 Is there any economic rationale for public involvement beyond the Member State level? 5 2.1.3 Decentral coordination and EU instruments 6 2.2 Choosing among different forms of EU involvement 7 3. Regulation of TSO revenues 8 3.1 Introduction 8 3.2 Current regulatory practice 9 3.2.1 General price control mechanisms and their implementation 10 3.2.2 Instruments to promote investments 12 3.3 Current EU involvement and harmonization 13 3.4 Recommendations regarding the future role of the EU 14 4. -
Company Name First Name Last Name Job Title Country
Company Name First Name Last Name Job Title Country 1StopWind Ltd Arran Bell Operations Manager United Kingdom 1StopWind Ltd. Alan Mckerns United Kingdom 1StopWind Ltd. Bernadette McAulay Finance Manager United Kingdom 1StopWind Ltd. Joel Telling General Manager United Kingdom 23 Degrees Renewables Ltd Ed Woodrow Business Development United Kingdom 24SEA bvba Gert De Sitter Owner Belgium 3S Europe GmbH Matthias Lamp Vice President of Sales & Marketing Germany 3sun Denmark ApS Christian Christensen Operations Director Denmark 3sun Group Limited Jody Potter United Kingdom 3sun Group Limited Graham Hacon VP Business Development, Offshore Wind United Kingdom 3sun Group Limited Sherri Smith Company Secretary United Kingdom 3W Industri Service Simon Øland Project manager - sales Denmark 3W Industri Service Kenneth Pedersen IWI-S Denmark 4C Offshore Lauren Anderson United Kingdom 4C Offshore Richard Aukland Director United Kingdom 4C Offshore Rosie Haworth Market Researcher United Kingdom 4C Offshore Vincenzo Poidomani Principal Geotechnical Engineer United Kingdom 8.2 Bruno ALLAIN CEO France 8.2 Monitoring GmbH Bernd Höring Managing director Germany 920338402 Ellinor Meling Ceo Norway A&P Group Emma Harrick United Kingdom A.P. Møller Holding Simon Ibsen Investor Denmark A/S Dan-Bunkering Ltd. Jens Kirk Denmark A/S Dan-Bunkering Ltd. Michael Brunø-Sørensen Senior Bunker Trader Denmark A1wind Aps Martin Jensen Director / A1wind Aps Denmark AAF Ltd Steven Brett Europe MFAS Aftermarket Sales Manager United Kingdom AAG Allan Tarp Sales Manager Denmark -
Annual Report of RWE AG 2014
RWE ANNUAL REPORT 2014 ANNUAL REPORTANNUAL 2014 2014 KEY FIGURES AT A GLANCE • Operating result: €4.0 billion • Net income: €1.7 billion • Recurrent net income: €1.3 billion • Dividend proposal: €1 per share • Cash flows from operating activities: €5.6 billion RWE Group1 2014 2013 + /− % Electricity production billion kWh 208.3 218.2 − 4.5 External electricity sales volume billion kWh 258.3 270.9 − 4.7 External gas sales volume billion kWh 281.3 320.7 − 12.3 External revenue € million 48,468 52,425 − 7.5 EBITDA € million 7,131 7,904 − 9.8 Operating result € million 4,017 5,369 − 25.2 Income from continuing operations before tax € million 2,246 − 2,016 – Net income/RWE AG shareholders' share in income € million 1,704 − 2,757 – Recurrent net income € million 1,282 2,314 − 44.6 Return on capital employed (ROCE) % 8.4 10.6 – Weighted average cost of capital (WACC) before tax % 9.0 9.0 – Value added € million − 277 811 – Capital employed € million 47,711 50,646 − 5.8 Cash flows from operating activities of continuing operations € million 5,556 4,803 15.7 Capital expenditure € million 3,440 3,978 − 13.5 Property, plant and equipment and intangible assets € million 3,245 3,848 − 15.7 Financial assets € million 195 130 50.0 Free cash flow € million 2,311 960 140.7 Number of shares outstanding (average) thousands 614,745 614,745 – Earnings per share € 2.77 − 4.49 – Recurrent net income per share € 2.09 3.76 − 44.4 Dividend per share € 1.002 1.00 – 31 Dec 2014 31 Dec 2013 Net debt of the RWE Group € million 31,010 30,727 0.9 Workforce3 59,784 64,896 − 7.9 1 See notes on reporting on page 41. -
Nordic and Baltic Grid Disturbance Statistics 2019
Nordic and Baltic Grid Disturbance Statistics 2019 Regional Group Nordic European Network of Transmission System Operators for Electricity Nordic and Baltic Grid Disturbance Statistics 2019 Copyright © 2020 ENTSO-E AISBL Report rendered 22 September 2020. European Network of Transmission System Operators for Electricity Executive Summary The Nordic and Baltic Grid Disturbance Statistics 2019 gives of the secondary faults were caused by technical equipment, both an overview of the disturbances, faults, and energy not operation and maintenance, and other causes in 2019. How- supplied (ENS) in the Nordic and Baltic transmission sys- ever, other causes were the reason for 71 % of all secondary tems, as well as a deeper dive into the statistics of individual faults ENS. Other causes were also the dominating cause of HVAC components used in the power system. To interpret secondary faults ENS in 2018. the results of the statistics correctly, one must understand the definition of a disturbance and the scope of a fault within 100 it. 80 A fault is defined as the inability of a component to perform Country ) Denmark m its required function, with the addition that faults only are re- p p ( 60 Estonia n o i ported when they result in a trip of one or several breakers. A t Finland p m u Iceland s disturbance is an event including one or more faults. In short, n o Latvia C 40 / a disturbance is a combination of one or several faults as long S Lithuania N as they occur in the same area and time. Disturbances al- E Norway Sweden 20 ways focus on the fault initiating the disturbance. -
PRELIMINARY PROGRAM AS of 16 OCTOBER 2019 Important: This Preliminary Program Is Subject to Changes
PRELIMINARY PROGRAM AS OF 16 OCTOBER 2019 Important: This preliminary program is subject to changes. It is strongly recommended to check back regularly. TERA SPONSORS GIGA SPONSORS WORKSHOP AMBASSADORS MEDIA PARTNERS ORGANIZER WEDNESDAY THURSDAY FRIDAY WORKSHOP WINDINTEGRATION TIMETABLE 16 OCTOBER 2019 17 OCTOBER 2019 18 OCTOBER 2019 Wind Workshop Day 1 Wind Workshop Day 2 Wind Workshop Day 3 REDWOOD B REDWOOD C REDWOOD A REDWOOD B REDWOOD C REDWOOD A SESSION 3A: SESSION 3B: SESSION 3C: SESSION 7A: SESSION 7B: SESSION 7C: FREQUENCY WINDEUROPE MODELLING 9:00 – 10:40 GRID FORMING II OFFSHORE WIND FORECASTING II 08:40– 10:40 ASPECTS SESSION POWER COFFEE BREAK (30MIN) COFFEE BREAK (30MIN) FOYER REDWOOD A REDWOOD B REDWOOD C REDWOOD A REDWOOD B REDWOOD C REGISTRATION SESSION 4A: SESSION 4B: SESSION 4C: SESSION 8A: SESSION 8B: SESSION 8C: GRID FORMING I EIRGRID/IRELAND/ FORECASTING I VIRTUAL IEA – ENERGY HARMONICS II 9:00 – 14:00 11:10 – 13:00 11:10 – 13:00 ROCOF SYNCHRONOUS TRANSITION IN MACHINES ASIA LUNCH 12:00 – 14:00 LUNCH 13:00 – 14:00 LUNCH 13:00 – 14:00 REDWOOD A/B/C REDWOOD A REDWOOD B REDWOOD C REDWOOD A REDWOOD B REDWOOD C WELCOME & SESSION 1: SESSION 5A: SESSION 5B: SESSION 5C: SESSION 9A: SESSION 9B: SESSION 9C KEYNOTE SESSION MIGRATE PROJECT IEC TC 88 STANDARD HARMONICS I RESILIENCY HYBRID POWER GRID ASPECTS & PLANTS INTEGRATION 14:00 – 15:40 14:00 – 15:50 14:00 – 15:40 SYSTEM SOLUTIONS RESTORATION GROUP PHOTO / COFFEE BREAK (40MIN) COFFEE BREAK (30 MIN) SHORT BREAK (20 MIN) REDWOOD A REDWOOD B REDWOOD C: REDWOOD A REDWOOD B REDWOOD -
Technical Information on Projects of Common Interest
Technical information on Projects of Common Interest accompanying the Commission Delegated Regulation (EU) 2016/89 of 18 November 2015 amending Regulation (EU) 347/2013 of the European Parliament and of the Council on guidelines for trans-European energy infrastructure as regards the Union list of projects of common interest 1. Priority Corridor Northern Seas Offshore Grid ('NSOG') Construction of the first interconnection between Belgium and United Kingdom: No TYNDP Definition Details on location Promoter(s) Type / technology employed Implementation status Date of reference commissioning 1.1 Cluster Belgium — United Kingdom between Zeebrugge and Canterbury [currently known as "NEMO" project], including the following PCIs: 74-443 1.1.1 Interconnection between Zeebrugge 1.1.1 Gezelle (BE) – 1.1.1 Nemo Link 1.1.1 New DC sea link including 140 km of DC subsea 1.1.1 Under construction 1.1.1 technical (BE) and the vicinity of Richborough (UK) Richborough (UK) Limited cable with 1000 MW capacity between Richborough commissioning 2018 and Gezelle (vicinity of Zeebrugge) (offshore + with operation in 2019 onshore) 74-449 1.1.2 Internal line between the vicinity of 1.1.2 Vicinity of 1.1.2 National 1.1.2 New 400kV substation in Richborough and new 1.1.2 Permitting 1.1.2 2018 Richborough and Canterbury (UK) Richborough to Canterbury Grid Electricity 400kV AC double circuit OHL between Richborough (UK) Transmission plc and Canterbury (onshore) (UK) N/A 1.1.3 No longer considered a PCI N/A N/A N/A N/A N/A 1.2 N/A No longer considered a PCI N/A N/A -
Financial Statements 2020 for RWE AG
Financial Statements of RWE AG Financial Statements of RWE AG The financial statements and review of operations of RWE AG for the 2020 fiscal year are submitted electronically to Bundesanzeiger Verlag GmbH, Cologne, Germany, the operator of the Bundesanzeiger (Federal Gazette), and published in the Bundesanzeiger. The review of operations of RWE AG has been combined with the review of operations of the RWE Group and is published in our annual report on pages 21 to 96. Balance Sheet .. 2 Income Statement .. 3 Notes .. 3 Dividend Proposal (Part of the Notes) 16 List of Shareholdings (Part of the Notes) 17 Boards (Part of the Notes) 51 Responsibility Statement 58 Independent Auditor’s Report 59 Financial Calendar 64 Imprint 65 Financial Statements of RWE AG 2020 Balance Sheet Balance Sheet at 31 December 2020 Assets (Notes) 31 Dec 2020 31 Dec 2019 Equity and liabilities (Notes) 31 Dec 2020 31 Dec 2019 € million € million Non-current assets (1) Equity (7) Financial assets 20,524 20,628 Subscribed capital Current assets Common shares 1,731 1,574 Accounts receivable and other assets (2) Capital reserve 4,228 2,385 Accounts receivable from affiliated companies 2,094 10,233 Retained earnings Accounts receivable from companies in which Other retained earnings 1,292 1,287 5 participations are held Distributable profit 575 492 Other assets 513 6,054 7,826 5,738 Marketable securities (3) 2,879 485 Provisions (8) Cash and cash equivalents (4) 3,785 2,444 Provisions for pensions and similar obligations 839 720 9,276 19,216 Provisions for taxes 790 -
Connecting Offshore Wind Farms a Comparison of Offshore Electricity Grid Development Models in Northwest Europe
Connecting Offshore Wind Farms A Comparison of Offshore Electricity Grid Development Models in Northwest Europe Commissioned by: Réseau de Transport d'Électricité and TenneT TSO B.V. Submitted by: Navigant Netherlands B.V. Stadsplateau 15 3521 AZ Utrecht The Netherlands +31 30 662 3300 navigant.com Reference No.: 147432 01 July, 2019 Confidential and Proprietary ©2019 Navigant Netherlands B.V. Do not distribute or copy Connecting Offshore Wind Farms A Comparison of Offshore Grid Development Models in Northwest Europe FOREWORD Europe is building world’s largest power plant: with a targeted 70 GW1 of offshore wind in NW-Europe, by 2030; potentially even ramping up to 230 GW2 (Ecofys, 2017) in the 2040s. Relentless innovation and cost reduction have made offshore wind a main component of Northwest-Europe’s energy transition, towards zero-emission electricity before 2050. Such large amounts of offshore wind require a co-ordinated approach towards offshore grid developments and secure system integration now and in the future. Electricity Transmission System Operators (TSO’s) have been given the responsibility to realise and operate offshore electricity transmission infrastructure for projects in Belgium, Denmark, France, Germany and the Netherlands. In a context of energy transition, this task has become an important part of their overall mission. To ensure a reliable and uninterrupted supply of electricity via their high- voltage grids for the citizens of the countries they operate in. The realisation of an interconnected offshore electricity grid is not without its challenges and the benefit of a ‘TSO build’ approach is not always clear. Therefore, RTE and TenneT have taken the initiative to commission an independent study on offshore grid development models, as an important step in their dialogue with stakeholders.