Topsoe director: Denmark could become a champagne region of sorts
Friday, April 26,2024,13:12
Denmark has the opportunity to become a world-renowned producer of green hydrogen, but it requires much higher ambitions and investments in PTX than currently planned, says Topsoe director. .. read more..
Challenged Danish asset manager: "We can't turn a ship like Formuepleje aroun...
Friday, April 26,2024,13:07
”We need to have a broader product range and we are working on a new equity strategy,” says CEO Peter Kjærgaard who has seen Formuepleje’s business shrink further since taking over the helm. .. read more..
Analysts expect red numbers from Vestas in a usually weak first quarter
Friday, April 26,2024,12:09
A Jyske Bank analyst warns against looking for any impressive numbers in Vestas’ Q1 report. .. read more..
Total's earnings dive due to falling gas prices
Friday, April 26,2024,11:19
Earnings dropped by 22% in the first quarter of the year for TotalEnergies, which expects higher gas prices in the future. .. read more..
ATP's bond-heavy strategy criticized, but long-term strategy is 64 times bett...
Friday, April 26,2024,11:13
Denmark’s largest pension fund, ATP, reported a EUR 40bn drop in AUM in 2022, but according to CIO Mikkel Svenstrup its long-term returns are far superior to exclusively investing in equities. .. read more..
Industry expects soaring demand for LNG
Friday, April 26,2024,10:24
Attractive prices for the alternative marine fuel and more dual-fuel ships on the seas may be part of the explanation, according to Reuters. .. read more..
Norwegian minister is not worried about low prices for developers
Friday, April 26,2024,09:34
The potential challenges linked to the upcoming wave of offshore wind turbine production in the North Sea will be solved in different ways, says energy minister Terje Aasland. .. read more..
Saugestad says "Nordic stronghold" is intact despite loss of huge mandates
Friday, April 26,2024,08:58
Losing two large mandates due to cost efficiency is not a sign that Storebrand AM is falling behind in an increasingly competitive asset management industry, CEO Jan Erik Saugestad tells AMWatch. .. read more..
Finland's weak equity performance prompts the country's pension giant to reas...
Friday, April 26,2024,08:53
Weak performance of Finnish equities is prompting Varma to reassess its investments in this asset class. CIO Markus Aho admits that the situation creates bigger, longer-term issues for Varma. .. read more..
Watch Media to launch FinansWatch in Sweden
Friday, April 26,2024,08:30
”Sweden has been on our radar for a long time,” says Watch Media’s CEO, Anders Heering. .. read more..
Nel receives 1GW capacity reservation from large US customer
Friday, April 26,2024,08:21
Nel gets US-based Hy Stor Energy as a potential major customer. .. read more..
Everfuel plant postponed again: Set for two-year delay
Friday, April 26,2024,07:30
The Danish hydrogen company has run into problems with some of its subsystems and now expects start-up in the second half of 2024. .. read more..
Ørsted inaugurates offshore wind farms in Taiwan
Friday, April 26,2024,06:28
The major utility company’s two offshore wind farms Greater Changhua 1 and 2a are now in operation. .. read more..
Inhouse veteran takes over as CIO of major Swedish pension firm
Friday, April 26,2024,05:56
Per Lindgren will replace the retiring Lars-Göran Orrevall as Skandia’s chief investment officer on June 1. .. read more..
New chairman explains why Ramboll still has activities in oil and gas
Thursday, April 25,2024,13:21
Claus Valentin Hemmingsen will not drop all oil and gas field maintenance contracts. However, the new Ramboll chairman wants to force clients to consider sustainability in all projects. .. read more..
Pension fund to take real estate management in house: We might be the first t...
Thursday, April 25,2024,13:14
A year ago, PKA Ejendomme had two employees. Now the pension fund’s real estate company has 35 and could boast over 100 personnel by the end of the year, says the CEO of PKA Ejendomme. .. read more..
GE Vernova posts 40% drop in turbine orders in first quarter
Thursday, April 25,2024,12:12
The US-based turbine manufacturer received orders worth just USD 1.15bn in the first quarter. .. read more..
ATP reports first quarter AUM drop
Thursday, April 25,2024,11:15
ATP ended the first quarter of the year with a positive return on its investment portfolio. However, rising interest rates sent total assets down. .. read more..
Green Hydrogen Systems expands collaboration with BWSC
Thursday, April 25,2024,11:05
The collaboration will promote green hydrogen projects through the installation of the X-Series prototype. .. read more..
New report: China to quintuple RE investments by 2050
Thursday, April 25,2024,10:05
In just over 25 years, wind turbines will be as much a part of the Chinese energy landscape as solar cells, according to a new report from DNV. .. read more..
Oil production increase offset gas price reduction at Equinor in Q1
Thursday, April 25,2024,09:08
”Production on the Norwegian Continental Shelf was high and the international portfolio contributed with solid production growth,” Equinor CEO Anders Opedal says about the first quarter of 2024. .. read more..
Swedbank ahead of Nordic peers with double-digit AUM increase in Q1
Thursday, April 25,2024,08:23
Swedbank Robur strengthened its position as Sweden’s largest fund manager during the first quarter. Its share of net inflows in the country’s fund market reached 44%. .. read more..
Industry wishes have been accommodated in EUR 40bn tender, conditions reveal
Thursday, April 25,2024,08:15
In the recently launched Danish tender, it will be cheaper to buy your way out of contracts if things go wrong than previously planned. For a smaller sum, the winners do not have to be ready in 2030. .. read more..
CFO of Sweden's largest asset manager "encouraged" by consecutive inflows
Thursday, April 25,2024,07:32
SEB enjoyed the best quarter for some time in its retail business, the group’s CFO tells AMWatch. But institutional mandates continued to see outflows. .. read more..
Divestment boosted Better Energy's operating profit in 2023
Thursday, April 25,2024,07:20
The Danish developer has had a busy 2023, including a large number of power purchase agreements. Nevertheless, it has only managed to meet the low end of expectations. .. read more..
Ørsted boss sees rising costs hit new German offshore wind tenders
Thursday, April 25,2024,06:37
The assessment comes from Ørsted’s country manager in Germany. .. read more..
BlackRock adds European government debt to iBond range
Thursday, April 25,2024,06:28
Since the first European domiciled iBonds were launched last year they have been ”rapidly adopted” by European investors, says BlackRock’s head of iShares for the Nordics. .. read more..
KK Wind to double business by exanding scope
Wednesday, April 24,2024,13:09
Building on its position in the wind turbine industry, billion-dollar company KK Wind is now looking to expand into new industries. Equipment for data centers and specialist vehicles are at play. .. read more..
Iberdrola reports profit growth despite revenue decline
Wednesday, April 24,2024,12:09
The Spanish energy additionally reports an increase in its renewable energy capacity. .. read more..
Shell to reveal more about lobbying activities after pressure from pension co...
Wednesday, April 24,2024,11:54
Sampension and KLP were preparing proposals for the upcoming annual general meeting, but Shell chose to provide the information that investors wanted after dialogue. .. read more..
Finnish pensions firm celebrates Q1 equity performance
Wednesday, April 24,2024,11:23
In Q1, European, Japanese and US listed equity markets performed ’excellently’, while returns in China were more modest and Finnish returns were negative, reports Elo Mutual Pension Insurance. .. read more..
Statkraft consortium: "We are just as interested in Utsira Nord now as we wer...
Wednesday, April 24,2024,11:16
In partnership with Mainstream Renewable Power and Ocean Winds, Statkraft has not lost its appetite for the floating offshore wind project. .. read more..
Hitachi Energy to invest USD 1.5bn in transformer production
Wednesday, April 24,2024,10:25
The investments will significantly expand current capacity and span Europe, America and Asia. .. read more..
TotalEnergies invests in the Middle East's first LNG bunkering facility
Wednesday, April 24,2024,09:34
The LNG plant will be located in Oman and powered by solar energy to reduce greenhouse gas emissions. .. read more..
Aker BP boosts production and operating profit in the first quarter
Wednesday, April 24,2024,08:27
”Our oil and gas production increased while we maintained low costs and kept emissions in check,” says the CEO of the oil and gas company. .. read more..
Storebrand AM reports outflows and slower AUM growth in Q1
Wednesday, April 24,2024,08:18
Despite winning several large mandates for fixed income and equities, Norway’s largest asset manager records outflows and decelerating AUM growth in the first quarter. .. read more..
SEB reports net inflow for third consecutive quarter following previous slump
Wednesday, April 24,2024,08:00
SEB saw an 8.7% AUM increase in the first quarter. While growth was mainly market-driven, there was also equity-based net inflow. .. read more..
Biocirc poaches Ørsted COO: "I've been looking for the right dynamic"
Wednesday, April 24,2024,07:34
The opportunity to try his hand at a smaller company with big ambitions has led Anders Christian Nordstrøm to take up the position as CEO of both PTX and CCS at Biocirc. .. read more..
Handelsbanken sports biggest Q1 AUM growth so far despite mutual fund outflows
Wednesday, April 24,2024,07:33
The manager experienced positive net flows to its mutual funds in Sweden, while one of its smaller markets reported a particularly significant outflow. .. read more..
DNB sees elevated retail inflow continue, but downward trend in margins persists
Wednesday, April 24,2024,06:54
In Q1, Norway’s second-largest asset manager continued to attract retail inflows and gained two sizeable institutional mandates whilst pressure on commission margins remained high. .. read more..
Ørsted affected by port blockade
Wednesday, April 24,2024,06:31
Since Friday, an offshore wind turbine installation vessel has been blocked from leaving by dockworkers due to the lack of a collective agreement for seafarers. .. read more..
ATP CIO on huge AUM drop in 2022: "It's a cross I have to bear"
Tuesday, April 23,2024,11:50
2022 was the worst year ever for Denmark’s ATP, as assets under management dropped by EUR 36bn. But the pension fund’s investment strategy is still the right one, says CIO Mikkel Svenstrup. .. read more..
Wind sector ready to launch industry standards: "We need to agree on a common...
Tuesday, April 23,2024,11:24
After three and a half years of work, Vestas, Siemens Gamesa, GE Vernova and Nordex are ready to release guidelines on turbines and components. .. read more..
Alecta
Tuesday, April 23,2024,10:55
x .. read more..
Vattenfall sells out of German gigawatt project
Tuesday, April 23,2024,10:27
Once again, the Swedish energy company joins forces with BASF, buying almost half of the upcoming two 1.6GW German Nordlicht parks. .. read more..
GE Vernova responds in kind: There were other challenges too
Tuesday, April 23,2024,09:39
”There are more non-turbine challenges than there are turbine challenges,” a GE Vernova representative told Recharge News . .. read more..
Vestas: Danish value chain ready to build offshore wind farms
Tuesday, April 23,2024,08:45
Monday marked the start of the 6 GW offshore wind tender in Denmark. The industry has everything it needs to start work on the offshore wind farms, says Vestas. .. read more..
DNB AM reaches milestone as inflows continue in Q1
Tuesday, April 23,2024,08:36
The AUM of Norway’s second-largest asset manager exceeded NOK 1trn in the first quarter. Investments in its sustainability-themed funds decreased. .. read more..
Evli reports positive Q1 flows but struggles to retain international sales
Tuesday, April 23,2024,08:02
Finland’s third-largest asset manager has expanded its product range. CEO Maunu Lehtimäki comments on the new vehicles, which invest in a European growth fund and the mining of precious metals. .. read more..
Danish minister rejects industry criticism: "The state will be a passive co-o...
Tuesday, April 23,2024,07:55
The Danish state will be a passive co-owner of future offshore wind farms, says energy minister Lars Aagaard (M) after Green Power Denmark’s criticism of unclear ownership. .. read more..