RENEWABLES: UK "Unlocks" 16GW of Offshore Wind
Jan-30 09:43
The UK government has unlocked up to 16GW of offshore wind capacity by removing outdated infrastructure restrictions, accelerating the approval and construction of up to 13 major projects, it said.
- This additional capacity is nearly equivalent to the country’s total gas power generation last year and is expected to drive £20-30bn in renewable investment, the government added.
- Additionally, as part of the reforms, offshore wind developers will fund new and extended Marine Protected Areas to mitigate environmental impacts, ensuring rapid expansion while protecting marine ecosystems.
- “Offshore wind will be the backbone of delivering clean power by 2030 as we enter a new era of clean electricity,” Energy Minister Michael Shanks said
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CHINA: CFETS RMB Basket Tweak Drops USD, EUR, JPY Weighting, Adds MOP
Dec-31 09:33
China adjust the currency weightings as part of the CFETS RMB Index: Full basket of currencies now composed of 25 currencies, having included the Macau Pataca (MOP) for 2025:
- USD weighting dropped to 18.903% from 19.460%
- EUR weighting dropped to 17.902% from 18.080%
- JPY weighting dropped to 8.584% from 8.963%
Full list found here: https://iftp.chinamoney.com.cn/chinese/zxpl/20241231/3028340.html
SONIA: Call Condor trades for more
Dec-31 09:18
SFIH5 95.45/95.50/95.60/95.65c condor, bought again for 1.75, now 4k total.
FOREX: FX OPTION EXPIRY
Dec-31 09:14
Of note:
EURUSD 1.59bn at 1.0400 (thu).
USDJPY 1.35bn at 156.00 (mon).
- EURUSD: 1.0400 (510mln).
