POWER: Skyborn Secures Permit for 976.5MW German Offshore Wind Farm
Dec-19 13:05
Skyborn Renewables has secured state planning approval for its 976.5MW Gennaker offshore wind farm in the German Baltic Sea, with an FID expected in 2026, the firm said.
- Construction is expected to last around two years, with commissioning targeted for 2028.
- Once operational, Gennaker will generate around 4 TWh annually.
- The approved plan allows for 63 – 15MW – turbines, increasing maximum capacity 976.5MW from 927 MW without expanding the project footprint, Skyborn noted.
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STIR: Repo Reference Rates
Nov-19 13:04
- Secured Overnight Financing Rate (SOFR): 3.94% (-0.06), volume: $3.220T
- Broad General Collateral Rate (BGCR): 3.90% (-0.06), volume: $1.278T
- Tri-Party General Collateral Rate (TCR): 3.90% (-0.06), volume: $1.256T
- (rate, volume levels reflect prior session)
GILT PAOF RESULTS: The PAOF for the 4.75% Oct-35 Gilt was not taken up.
Nov-19 13:02
- GBP1.125bln have been on offer.
- This leaves GBP23.000bln of the gilt in issue.
CROSS ASSET: Bonds Draw Support From Downtick In Crude
Nov-19 12:52
Weakness in crude oil futures has supported bonds over the last couple of hours or so, although pre-existing week-to-date highs in TY, Bund & gilt futures remain untouched.
- Our commodities team notes that oil has softened as the market digests signs of renewed efforts by the U.S. to strike a Ukraine peace deal, although caution that given failed previous attempts, a deal still seems a long way off.
