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UPDATE 1-Philippines' Synergy Grid prices $273 mln follow-on offer at bottom

Philippines could take top spot for Southeast Asia IPOs (Adds details) ....

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Philippines' Synergy Grid prices $273 mln share offer at bottom of guidance

Synergy Grid & Development , majority owner of the Philippines' only electricity grid operator, on Friday priced its follow-on stock offering at the bottom of its guidance of 12 pesos to 17 pesos per share. ....

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UPDATE 1-Philippines' Synergy Grid prices $273 mln follow-on offer at bottom

Philippines could take top spot for Southeast Asia IPOs (Adds details) ....

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German power grids say coped well with solar eclipse

Electrical transmission networks (TSOs) in Germany said they mastered a solar eclipse around midday on Thursday across northern Europe and related fall in solar power output without problems, having prepared for the event months in advance. ....

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Norway to test first power cable to Britain from June 15

By Reuters Staff
2 Min Read
OSLO (Reuters) - Norway will start testing on June 15 its first power interconnector with Britain, North Sea Link (NSL), Norwegian transmission system operator Statnett said on Tuesday.
The testing of the cable follows the opening last month of Norway’s first direct power link to Germany, the 1,400 MW NordLink interconnector.
Both Germany and Britain aim to benefit from Norway’s vast hydropower resources to help to balance their intermittent wind power, while Norway can import cheap surplus renewable energy to save water in its hydropower reservoirs. Norway’s electricity is almost all hydropower based.
Norway is already connected to the Netherlands via the 700 megawatt (MW) subsea interconnector NordNed and to Denmark through the Skagerrak connection. ....

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