POWER: AquaVentus Urges Germany to Fast-Track Hybrid Offshore Wind Rules
Jan-02 12:05
AquaVentus is urging Germany to speed up regulatory reforms for offshore wind, calling for hybrid electricity and hydrogen connections to cut costs, it said, cited by Renews.biz.
- The group urges the Federal Ministry for Economic Affairs and Energy to quickly create a framework allowing combined pipelines and cables to optimise offshore wind use and lower hydrogen transport costs.
- The move comes as other North Sea countries already allow hybrid concepts, and delays in Germany could increase infrastructure costs and trigger compensation risks.
- The lack of hybrid options in the spatial development plan for zones 4 and 5 could create legal uncertainty and billions in follow-up costs.
- While electricity-only measures like overplanting and peak-shaving incentives may cause revenue losses and inefficient offshore wind use.
- AquaVentus chairman Jorg Singer emphasized the urgent need for regulatory changes, noting stalled auctions and premature regulatory constraints as key cost drivers.
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OUTLOOK: Price Signal Summary - Bear Threat In Bunds Still Present
Dec-03 12:03
- In the FI space, Bund futures remain soft following a strong sell-off on Monday. The move down resulted in a break of key short-term support at 128.37, the Nov 20 low. This confirms a resumption of the bear cycle that started on Oct 17 and sets the scene for an extension towards 127.88, the Sep 28 low and the next important support. MA studies have recently crossed to highlight a bear-mode condition. Key short-term resistance is at 129.21, the Nov 26 high. Initial resistance is at 128.72, the Nov 24 low.
- A bullish condition in Gilt futures remains intact following recent gains and for now, the latest pullback appears corrective. A resumption of gains would signal scope for a climb towards resistance at 92.55, the Nov 11 high. A gap in the daily chart has been filled and initial resistance to watch is 91.93, the Nov 27 high. For bears, a stronger reversal would instead refocus attention on the first important support at 90.53, the Nov 26 low.
MNI: US MBA: MARKET COMPOSITE -1.4% SA THRU NOV 28 WK
Dec-03 12:00
- MNI: US MBA: MARKET COMPOSITE -1.4% SA THRU NOV 28 WK
OPTIONS: Expiries for Dec03 NY cut 1000ET (Source DTCC)
Dec-03 11:54
- EUR/USD: $1.1600(E611mln), $1.1625(E697mln)
- EUR/GBP: Gbp0.8885(E505mln)
- NZD/USD: $0.5730(N$622mln)
