POWER: Lithuania Advances 700MW Harmony Link Project with Poland
Jan-21 12:51
Lithuania’s Litgrid has signed a €10.5mn contract to purchase three controlled shunt reactors, advancing preparations for the 700MW Harmony Link land interconnector with Poland, it said.
- Construction of the project is scheduled to begin in 2Q27 and is co-financed by the EU’s Connecting Europe Facility.
- Additionally, Lithuania has launched the Interconnection Strengthening Programme, aiming to increase Lithuania–Latvia cross-border transmission capacity while reinforcing the domestic grid.
- Once completed in 2034, cross-border capacity with Latvia will rise to 2.25GW from 1.25GW enabling the connection of 1.1GW of onshore wind, 800MW of solar and 2.4GW of offshore wind.
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MNI EXCLUSIVE: Former Senior NY Fed Official on UK's Fiscal-Monetary Framework
Dec-22 12:29
- Former senior NY Fed official Prof. Gianluca Benigno talks about the UK's fiscal-monetary framework -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
GLOBAL: Reuters Report on Nvidia Intentions to Begin H200 Chip Shipments
Dec-22 12:23
- "Nvidia aims to begin H200 chip shipments to China by mid-February, sources say"
- "Nvidia has told Chinese clients it aims to start shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February, three people familiar with the matter told Reuters."
- "The U.S. chipmaker plans to fulfil initial orders from existing stock, with shipments expected to total 5,000 to 10,000 chip modules - equivalent to about 40,000 to 80,000 H200 AI chips, the first and second sources said." - RTRS
OUTLOOK: Price Signal Summary - Bear Cycle In Bunds Remains Intact
Dec-22 12:07
- In the FI space, Bund futures remain in a clear downtrend and today’s bearish start to this week’s session reinforces current conditions. The break to a fresh cycle low today confirms a resumption of the downtrend and maintains the price sequence of lower lows and lower highs. Sights are on 126.53 next, the Mar 11 low (cont.). Initial firm resistance is seen at 128.01, the 20-day EMA. A break of this average would signal the start of a corrective bounce.
- Recent activity in Gilt futures highlights 90.50, the Dec 16 low, and 91.93, the Nov 27 high, as two important short-term directional triggers. A clear breach of support at 90.50 would signal scope for a deeper retracement towards 89.86, the Nov 19 low and a bear trigger. For bulls, a stronger resumption of gains and a breach of 91.93, would instead signal scope for a climb towards resistance at 92.55, the Nov 11 high.
