The Direction for Future European Energy : Eurelectric : Statement

[John Hjorth]

Long time, no see ... Pretty mind boggling to read my own last post here

 

Related to Denmark :

 

The Danish Ministry of Climate, Energy and Utilities [December 5^th 2024] : No bids for offshore wind farms: Clarification work has been initiated.

 

So, no takers, because nobody can make the calculations for a satisfactory risk adjusted return on the investments. The two Danish mirages of Energy Islands [North Sea, and at Bornhold also dropped [/ mothballed?]. My understanding is that the offer for bids was based on a payment to the state ['English model', practised by The Crown Estate] for lease of the seabed on which to build and rise the offshore windmill power plants.

 

I'm a huge fan of responsible energy minister Lars Aaagaard, but this one he got totally wrong, he basically dropped the whole thing on the floor. Huge dent in his personal image and reputation, and total fiasco, getting nowhere with this, after spending tons of KJoules on it.

 

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Then there is this 'Power-to-X' thingy in Jutland about a hydrogen pipeline to Germany, that has basically gone south, too.

 

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Then today : 

 

Better Energy A/S [December 19^th 2024] : Better Energy enters restructuring to rebuild capital base and stabilise business.

 

Link to Annual Report 2023 here, then press '+' at 'Regnskaber' , and grab the IXBRL here [the file is too big for attachment here.]

 

 

It actually looks like an Enron to me.

 

And I have personally money allocated to this thing, via my work life long contributions to by law required supplementary labor markets pension [In Danish called ATP]. The guy running the show about stocks at ATP is on the board of this thingy!

 

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It has to me 'Brookfield' or 'Apollo' painted in bold script painted all over it!

 

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If this alreday is not enough, then take a look at the Danish companies Vestas Wind Systems A/S and Ørsted A/S and their recent quarterly reportings.

 

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What a mess it all is! - I've started to think about oil again, - a playing ground, I'm really dumb at.

 

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Edit :

 

Bloomberg - Industries - Energy [December 19^th 2024] : Solar Firm Collapse Shakes Denmark’s Financial System

Edited Thursday at 10:52 PM by John Hjorth

[Pelagic]

Fascinating discussion to look back at, glad to see I was wrong and nuclear is having a bit of a renaissance moment these days. Although not in Europe quite yet.