Energy Risk
750 MW Welsh wind farm given go ahead
Npower Renewables, a subsidiary of German utility RWE, received permission on December 3 from the UK's Department of Energy and Climate Change to build and operate the 750 megawatt (MW) Gwynt y Mor wind farm off the coast of North Wales.
India lifts ban on four commodity futures contracts
The Indian regulator has given permission for futures trading in soya oil, chickpea, potato and rubber to resume following a seven month ban.
Earth Capital Partners to launch $5bn sustainability fund
Former chief executive of Man Group, Stanley Fink, is chairing an environmentally focused fund management company entitled Earth Capital Partners that aims to raise $5 billion over the next five years.
EDF reveals counter-offer for Constellation
Constellation Energy has received an unsolicited $4.5bn bid from Electricite de France (EDF) for 50% of its nuclear business.
UN suspends carbon credit verifier DNV
The United Nations CDM Executive Board has temporarily suspended Norwegian consulting firm DNV's powers for accrediting clean development mechanism (CDM) projects, prompting potential delays for project developers' issuance of Certified Emission…
CFOs outline financial challenges for 2009
Credit capacity constraints will be the greatest financial challenge for the oil & gas industry in 2009, according to 57% of chief financial officers (CFOs) in the sector.
OTC Global Holdings forms new portfolio company
OTC Global Holdings (OTCGH) has formed its ninth portfolio company Pinnacle Derivatives, which will offer a complete range of traded instruments for financial institutions, producers and end users.
Enel launches renewables arm
Italian energy company Enel launched renewables arm Enel Green Power on December 1, to expand operating power generation from renewable resources in Europe and internationally.
Econcern to make €863 million investment in China
Renewables firm Econcern is to invest €863 million in four onshore wind projects in China. The total investment represents 720 megawatts of sustainable generation capacity.
JP Morgan launches commodity fund
JP Morgan today launched its Commodity Curve Index Energy Light Fund.The open-ended fund has been designed to replicate the performance of the JP Morgan Commodity Curve Index Energy Light Total Return, the most recent index to be added to the JP Morgan…
UK power project chooses Nasdaq OMX and Nord Pool
The long-running Futures and Options Association (FOA) UK power market design project, aimed at boosting liquidity in the UK's forward power market, has chosen Nasdaq OMX Commodities and Nord Pool Spot to deliver a platform for trading and clearing…
SuperDerivatives expands into electricity
SuperDerivatives has announced that it has added electricity derivatives to its energy and commodities platform from November 17.
TradeCapture expands to Rome office
Energy trading and risk management provider TradeCapture has announced the opening of an office in Rome with Pete Carlile appointed as general manager for Europe.
EUA allowance auction goes live today
Four million European Union Emission allowances (EUAs) will be up for sale today marking a turning point in EU Emissions Trading Scheme history.
Constellation closes credit facility
Constellation Energy has closed on a $1.23bn 364-day credit facility with UBS Loan Finance and RBS Securities Corporation.
Commodities will boom despite downturn, says Jim Rogers
Commodities will be the only market safe from the economic downturn, according to investment guru Jim Rogers.
Powernext gas futures to launch on November 26
Powernext has announced that it will launch natural gas spot and futures contracts for the French market on November 26.
Trafigura secures $200mn credit facility
Commodity trader Trafigura has today announced the closing of a $200 million syndicated revolving credit facility, which will serve as a refinancing of an existing one year $175 million facility implemented in 2007.
Morgan Stanley back trading in Platts oil window
Platts has confirmed that Morgan Stanley has resumed trading in its Asia oil window for the first time since September, indicating that credit issues surrounding the bank, and the wider markets, may be improving.
CFTC’s Lukken calls for new financial regulation in US
Walter Lukken, acting chairman of the Commodities Futures Trading Commission (CFTC), called for the US to scrap current regulatory systems in favour of a new objectives-based framework, in a speech to the Futures Industry Association on November 11.
Vattenfall to build offshore wind farm in UK, joins forces with ScottishPower
Swedish power company Vattenfall has acquired UK wind farm Thanet Offshore Wind and has joined forces with ScottishPower for Crown Estate’s Round Three of tender bids to develop offshore wind power in the UK.
Trading goes live at South Pool
Trading at the South Pool regional energy exchange, a joint-venture between Slovenian power market operator Borzen and Eurex, began today.
DME to list products on CME Globex
The Dubai Mercantile Exchange (DME) has announced plans to list its contracts exclusively on the Chicago Mercantile Exchange (CME) Globex platform.