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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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Regulator approves trading platform for new UK-Norway power cable


2 Min Read
OSLO (Reuters) - The Nord Pool exchange has received an operating license to host day-ahead power trading auctions for the first electricity cable linking Norway and Britain from this autumn, Norway’s Energy Regulatory Authority (NVE-RME) said on Wednesday.
The concession allows Nord Pool to run auctions for delivery over the new 1,400 megawatt (MW) North Sea Link cable once trial operations begin on Oct. 1, the regulator said.
On Tuesday, the operators of North Sea Link, transmission system operators (TSOs) Statnett and National Grid, announced testing of the subsea cable would commence on June 15.
Nord Pool will be running an implicit auction, meaning capacity on the cable and production traded on the exchange are auctioned together. ....

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Italy's Acea looking for partner for solar power business - paper


By Reuters Staff
1 Min Read
MILAN, May 29 (Reuters) - Italy’s Rome-based Acea is planning to spin off its solar power operations and find a financial partner to help it develop the business, the group’s CEO said on Saturday.
The utility has picked Intesa Sanpaolo’s IMI Corporate & Investment Banking as adviser and expects expressions of interest by mid-June, Giuseppe Gola said in an interview with Il Sole 24 Ore.
He said the deal was expected to conclude next year but would be satisfied if it was wrapped up by the end of this year.
Acea, one of Italy’s biggest regional utilities, is looking to install 747 megawatts of solar capacity by the end of 2024. ....

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Uniper explores sale of Russian power plants - sources


3 Min Read
FRANKFURT (Reuters) - Uniper is weighing the sale of its Russian power plants and has held talks with Russia’s InterRAO on the subject, three people familiar with the matter said, as the German energy group looks for ways to cut emissions.
FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/File Photo
The talks laid bare differing views about prices, two of the people said, adding Uniper was hoping for higher valuations following the recent restart of its lignite-fired power plant Berezovskaya 3. ....

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