NIE Finance plc - Annual Financial Report
PR Newswire
- £350,000,000 2.5 per cent Guaranteed Notes due 2025 (ISIN XS1820002308); and
- £400,000,000 6.375 per cent Guaranteed Notes due 2026 (ISIN XS0633547087).
each unconditionally and irrevocably guaranteed by Northern Ireland Electricity Networks Limited.
In accordance with Listing Rules 17.4.7 and 17.3.4, the Report and Financial Statements for the year ended 31 December 2020 for each of Northern Ireland Electricity Networks Limited and NIE Finance PLC have been uploaded to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism and are available on Northern Ireland Electricity Networks Limited s website at http://www.nienetworks.co.uk/about-us/investor-relations
DNV advises PGE Baltica on JV to 2 offshore wind farms
DNV, the independent energy expert and assurance provider, has been retained by PGE Baltica (a subsidiary of PGE Capital SA, responsible for offshore wind developments) for the provision of technical and commercial advisory services in connection to setting up a joint venture structure between PGE (Polska Grupa Energetyczna S.A.) and Ørsted for the development of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW. Following the passing of Poland’s first Offshore Wind Act in January this year, it is expected that these offshore wind farms would play a key role in energy transformation of Poland towards a low-emission economy, contribute to ensuring energy security of the state while significantly reducing its CO2 emission in line with Poland’s National Energy and Climate Plan.
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DNV, the independent energy expert and assurance provider, has been retained by PGE Baltica (a subsidiary of PGE Capital SA, responsible for offshore wind developments) for the provision of technical and commercial advisory services in connection to setting up a joint venture structure between PGE (Polska Grupa Energetyczna S.A.) and Ørsted for the development of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW. Following the passing of Poland’s first Offshore Wind Act in January this year, it is expected that these offshore wind farms will play a key role in energy transformation of Poland towards a low-emission economy, contribute to ensuring energy security of the state while significantly reducing its CO
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In discussions and articles about electric vehicles (EVs) that could both charge and discharge their battery, I often see the assumption that if a vehicle can back-feed electricity into the grid it can also be used as a back-up power source. Well, this is far from automatic.
In Vehicle-to-grid (V2G), vehicles exchange energy from their traction battery with the grid in two directions, charging or discharging. The purpose is to stabilize the grid, dampen fluctuations due to variable renewable energy such as solar, resolve bottlenecks or make arbitrage on electricity prices.
This bidirectional exchange with the grid can be through the home’s wiring in which parking or garage the car is parked and plugged. It requires a bidirectional charger, with power electronics that can transform Alternative Current (AC) from the grid into Direct current (DC) for the battery and vice-versa. It can be either on-board the car, or off-board, for example in a wallbox.
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