DNO targets Genel as Ratio regains lead in Pharos bidding war
Genel Energy has rejected a possible 69p-a-share offer from DNO that values the company at approximately £202 million. Ratio Petroleum has raised its offer for Pharos Energy to £146.4 million, narrowly exceeding Serica Energy’s competing… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Norway targets faster wind and grid development as power demand rises
Norway plans to halve electricity grid development times and simplify applications for new transmission and onshore wind projects. The government is proposing earlier payments to host municipalities based on the expected output of wind farms. Faster planning could support industrial electrification, but local opposition, grid congestion and Sámi rights remain substantial constraints. Norway has announced […]
NESO curbs European power exports as summer margins tighten
Britain’s electricity system operator restricted export capacity to European markets during July’s heatwave, highlighting the emergence of summer as a more challenging period for national power supplies. National Energy System Operator data analysed by the Financial Times showed that day-ahead export capacity was reduced to zero on one or more of the Nemo Link, Viking […]