POWER: Poland Installed 30% Of Expected Onshore Wind Capacity for 2025

Oct-30 09:03

Poland has installed 88MW of onshore wind capacity across four projects so far this year according to BNEF.

  • Total onshore wind capacity stood at 9.8GW.
  • BNEF expected Poland to install a total of 293MW of new onshore wind capacity this year.
  • The Polsat Plus Group has started commissioning of the 139MW Drzeżewo onshore wind farm in Poland in September. All 63 turbines of the project have been installed, and full commercial operations are expected in 4Q 2025.
  • Poland’s Ministry of Climate and Environment will accelerate onshore wind investments and repowering by amending regulations and revising regional environmental protection procedures, it said in August.

Historical bullets

MNI: ITALY SEP FLASH HICP 1.8% Y/Y (VS 1.7% FCAST, 1.6% AUG)

Sep-30 09:02
  • MNI: ITALY SEP FLASH HICP 1.8% Y/Y (VS 1.7% FCAST, 1.6% AUG)

EUR: FX Exchange Traded Option

Sep-30 09:00

Weekly Thursday Expiry Exchange traded Option, Doesn't Cover NFP, suggest a new very short term Option, playing the US Gov Shutdown.

  • EURUSD (2nd Oct) 1.1975c, bought for 0.00025 in 1.6k.

SWAPS: German Spreads Little Changed, Consolidating Recent Gains

Sep-30 08:55

Little change in the major German swap spreads & ASWs on the day, with bond yields essentially flat as German FI stabilises away from session lows that came around the time that the German regional CPI data crossed (data was in line to slightly firmer than expected).

  • The major swap spreads & ASWs have edged higher in recent days, with outright bonds also firming, but remain within their respective multi-month ranges, aided by some risk-negative inputs (most recently the increase in U.S. government shutdown odds).
  • This backdrop, coupled with relatively benign funding market conditions, has promoted steady outperformance for bonds vs. swaps.
  • On the funding market front, Commerzbank note that “repo markets remain calm with the quarter-end being digested very smoothly, specials and GC richening modestly over the reporting date, while large movements remained absent.”