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Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe.

Equinor ASA (NYSE:NYSE:EQNR) Q3 2022 Results Conference Call October 28, 2022 5:30 AM ET Company Participants Mads Holm - Head of Investor Relations Torgrim Reitan - Executive VP and CFO...

Developer's regional subsidiary will certainly run the Stępień solar plant situated in the Warmia area of the country

Signs of market strain started appearing quickly in 2022 with an unprecedented jump in European gas and power prices due to a confluence of factors, including high post-pandemic energy demand, cuts to Russian gas supply in the wake of the war in Ukraine and unusually low nuclear and hydropower generation. To manage risk, several producers sell some of their power up to three years in advance on exchanges, but this also requires making security deposits to guarantee future deliveries in case of default.

Signs of market strain started appearing quickly in 2022 with an unprecedented jump in European gas and power prices due to a confluence of factors, including high post-pandemic energy demand, cuts to Russian gas supply in the wake of the war in Ukraine and unusually low nuclear and hydropower generation. To manage risk, several producers sell some of their power up to three years in advance on exchanges, but this also requires making security deposits to guarantee future deliveries in case of default.