Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTJune 1 (Renewables Now) - Gazprom Export confirmed on Wednesday that it is completely suspending gas supplies to a unit of Danish clean energy group Ørsted A/S (CPH:ORSTED) because of its unwillingness to pay in Russian roubles.
In a statement preceding the halt, Ørsted reiterated it is under no obligation to change the currency in which it pays.
"At Ørsted, we stand firm in our refusal to pay in roubles, and we’ve been preparing for this scenario, so we still expect to be able to supply gas to our customers. The situation underpins the need of the EU becoming independent of Russian gas by accelerating the build-out of renewable energy," said Mads Nipper, Group President and CEO of Ørsted.
In response to international sanctions over its invasion of Ukraine, Russia has been demanding that “unfriendly” countries pay for gas supplies in roubles rather than in US dollars or euros.
In addition to Ørsted, Gazprom has now also completely suspended gas supplies to Netherlands’ GasTerra BV and Shell Energy Europe Limited in Germany.
Gazprom completely suspends gas supplies to Denmark’s Orsted Salg & Service A/S due to failure to pay in rubleshttps://t.co/6xJVbt0o8Y
— Gazprom (@GazpromEN) June 1, 2022
Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTCost of new renewables climb, but gap to fossil power widens
Jul 01, 2022 16:07 CESTGermany opens public consultation on offshore wind development plan
Jul 01, 2022 15:48 CESTItaly's Enel clinches deal to get rid of Russian business
Jun 17, 2022 9:04 CESTAustria to phase out fossil heating by 2040
Jun 14, 2022 10:09 CESTUkraine's Naftogaz to import LNG, green hydrogen from Canada
Jun 13, 2022 11:02 CEST