Recent Posts

French power prices gain on signs of corrosion at more reactors

  Bloomberg French power futures rose to their highest level this year after Electricite de France SA found further indications of corrosion on its nuclear fleet, potentially worsening Europe’s supply crisis. French nuclear capacity is already at its lowest in a decade for this time of year as the energy giant is keeping some of its 56 reactors offline for ...

Read More »

Siemens Gamesa sells wind portfolio to SSE

  Bloomberg Siemens Gamesa Renewable Energy agreed to sell its European onshore wind portfolio to Scottish utility SSE for $630 million. It’s the first major divestment for CEO Jochen Eickholt after he was promoted last month to try to turn the turbine maker around as project delays and cost overruns led to profit warnings. The industry is grappling with soaring commodity ...

Read More »

Mariupol could be 21st century’s Thermopylae

Remember Azovstal. Some phrase like that could soon take the part of “Remember the Alamo” Azovstal is a giant steel plant in Mariupol, the city in eastern Ukraine that Russian forces are pounding into submission and, in effect, extinction. In it, a couple of thousand Ukrainian troops, sheltering a smaller number of civilians, are holding out under constant Russian bombing ...

Read More »
Send this to a friend