EnergyUK s National Grid to step into U.S. offshore wind
Nina Chestney
3 minute read
The headquarters of the German power supplier RWE, which plans to break up subsidiary Innogy and share its assets with rival E.ON, is pictured in Essen, Germany, April 24, 2018. REUTERS/Wolfgang Rattay
UK-listed grid operator National Grid (NG.L) has partnered with Germany utility RWE (RWEG.DE) to develop offshore wind projects in the United States, it said in its full-year results on Thursday.
National Grid owns and operates electricity and gas transmission and distribution networks in Britain and the United States.
Its investment arm National Grid Ventures (NGV) has signed a joint venture partnership agreement with RWE Renewables to jointly develop offshore wind projects in the coastal region of the northeast United States.
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Prepare for biggest inflation scare since 1980s warns Jefferies
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Broker highlights some potential winners and losers if prices keep on rising A change from a deflationary era to an inflationary one could be forthcoming says teh broker
Investors should be prepared for the biggest inflation scare since the 1980s, according to US broker Jefferies, which has looked at which sectors would fare best if the beast really has returned.
Chris Wood, Jefferies’ head of global equity strategy, says the debate now is “how fast and how soon”.
A change in investment regime, from a deflationary era to an inflationary one, could be forthcoming, he adds, with how the Fed and other G7 central banks respond to set the tone.