Terna, IPTO Sign Two Billion Euro Deal on Italy-Greece Power Connection
Italian power grid operator Terna and its Greek counterpart IPTO signed on Monday a deal worth nearly 2 billion euros ($2.2 billion) on a new undersea electricity interconnector between Italy and Greece.The deal was announced after Italian Prime Minister Giorgia Meloni hosted a summit with her Greek counterpart Kyriakos Mitsotakis at Rome's 17th-century Villa Doria Pamphili, also involving ministers from both countries."(On interconnections) we have an advantage that comes from our geographical location in the Mediterranean…
Vestas: US Import tariffs Will Raise Domestic Electricity Prices
President Donald Trump's import tariffs will ultimately result in higher electricity prices for U.S. consumers, wind turbine maker Vestas warned on Tuesday, adding it could not absorb the extra costs.Wind turbines include components and materials sourced globally, making the sector vulnerable to potential impacts from international trade tariffs."Ultimately, the tariffs will go in and be part of an increased cost to the projects and therefore it will lead to an increased price in electricity…
Ofgem: May Reject Penalty Exemption for National Grid-SP Energy Project
Britain's energy regulator Ofgem does not believe an electricity transmission project developed by National Grid Electricity Transmission and SP Energy Networks qualifies to be exempt from penalties related to delays, it said on Thursday.The joint venture between the units of National Grid NG.L and Spain's Iberdrola IBE.MC had requested a 480-day exemption from penalties related to completion delays on the Eastern Green Link 1 (EGL1) due to global supply chain issues and capacity shortages.The project comprises subsea and underground cables linking Scotland to north-east England…
