Veyt

Interested in understanding the dynamics of EU ETS auction prices and their impact on REPowerEU’s monetary targets? To date, EU ETS auction prices have not met the European Commission's expectations to achieve the €20 billion target for REPowerEU. This analysis by Ingvild Sørhus delves into this issue, exploring the factors contributing to the shortfall and examining potential adjustments to align auction volumes with the ambitious €20 billion goal. Access the full article to stay informed on the latest trends and insights: https://lnkd.in/eqEW28cV #EUETS #REPowerEU #ClimatePolicy #Sustainability

Arendalsuka, held annually in August, is Norway's largest political festival. It serves as a democratic meeting place for everyone involved in society, providing a platform for listening, debating, and solving today's and tomorrow's societal challenges.    Join us on Tuesday, 13 August, at the Arendals Fossekompani ASA rooftop terrace (Langbryggen 9) - for a crucial discussion on the future of maritime shipping. With increasing quota prices and demands for alternative fuels, the shipping industry faces significant challenges. Dive into topics like quota price trends, alternative fuel availability, and the role of the Norwegian industry with us.    The event will be held in Norwegian and can be attended in person or watched via a live stream. For more information in Norwegian, you can read about our discussion: https://lnkd.in/gGCSp7c3 Frank Vidar Melum | Hæge Fjellheim | Knut Vrålstad

We're excited to welcome Güray Kara, PhD to our team as our new Quantitative Power Analyst for Renewable Power. Güray brings extensive expertise in optimisation and mathematical modelling, power markets and systems, and investment analysis, to name a few. "I have worked and studied energy and power markets for almost eight years. As a quantitative power analyst at Veyt, I will work on PPA contracts and GO prices, which include balancing costs, price forecasts, and backtesting scenarios. My goal is to quantitatively address power systems and markets simultaneously for productive solutions". Güray's background includes a PhD in operations research/industrial economics from NTNU and a master's in applied mathematics/financial mathematics from METU. Welcome aboard, Güray! Marie Thuestad | Marcus Ferdinand | Knut Vrålstad | Ghali Yakoub | Lisa Anna Zafoschnig | Irina Peltegova

H2Global has concluded its pilot auction, setting a significant precedent in the renewable ammonia trade. Fertiglobe secured the winning bid, agreeing to supply ammonia at EUR 1,000/tonne for delivery to Rotterdam. This agreement involves sourcing the ammonia from the Egypt Green project, which combines an existing Haber Bosch plant with new electrolysis and renewable energy installations. The auction saw participation from 22 companies across five continents, with an average bid price of EUR 1,048/tonne, reflecting the market's increasing maturity. Do you want to know more about the pilot auction? Read the full analysis by Simon Ellis: https://lnkd.in/dWEZiamn #renewableenergy #greenhydrogen #H2Global

The European PPA market is thriving in 2024 despite facing challenging conditions. In the first five months of this year, the market contracted over 10 GW of renewable capacity, marking a 10% increase compared to the previous year. This growth occurred amidst a bearish wholesale spot electricity market with a record number of negative price hours. Future market design improvements and expected price recoveries on the wholesale market could further incentivise PPA signings. Germany and Spain remain top markets, with significant growth seen in Greece, the UK, and the Netherlands. For a detailed analysis and more insights, read the full article by Irina Peltegova and Lisa Anna Zafoschnig: https://lnkd.in/dAy4AjYB #PPAmarket #EuropeanEnergy

Chart of the month: REGO price for the current compliance period (CP22) crashes following late auction in the post-GO-Brexit market. In the latest REGOs and ROCs auction conducted by ePower on 19 June 2024, the market experienced a significant crash. CP22 REGO prices dropped from £14.30/MWh on 17 June to £3.75/MWh on 20 June (-74%). Senior Analyst Kumara Rathnam at Veyt argues that holding the auction so close to the disclosure deadline after most market players have balanced their portfolios caused an oversupply in the now isolated REGO market. The REGO submissions deadline for Fuel Mix Disclosure (FMD) is 1 July. Despite this, long-term impacts on future vintages (CP23, CP24, and onwards) are not expected. For more insights on renewable energy markets, contact us at contact@veyt.com. #Renewableenergy #REGO #markettrends

Shifting price dynamics in the UK ETS have reflected the optimism that EU-UK ETS re-linking may now be more likely. What are some of the technical challenges standing in the way of linking these two markets? "Linking would have been simple prior to Fit-for-55 outcomes, but with the introduction of CBAM, the phase-out of free allocation, and international shipping, the UK ETS will need to undergo changes in order to align with the EU ETS. Even with support from most participants, negotiations will not be a breeze." For a deeper dive into the potential re-linking of European carbon markets, read the full article by Henry Lush: https://lnkd.in/dJSQ-FW6 #UKETS #emissionstrading #sustainability 

We're #hiring! Do you want to join a brilliant team that provides cutting-edge insights and data-driven solutions to guide clients through the net zero transition? We are scaling up and expanding our sales team and are now seeking a dedicated Sales Manager to help drive our next phase of growth. In this role, you will manage and execute our sales strategy, set and achieve sales targets, and develop sales plans and proposals. The ideal candidate has a strong background in sales, exceptional communication skills, and domain knowledge within the energy trading and/or production sectors. Does this sound like you? Read more about the position and apply below👇 https://lnkd.in/dfpB6GJE

Marcus Ferdinand - our Chief Analytics Officer, recently contributed to a UBS Asset Management report exploring the EU ETS and its impact on the steel sector. Written by Adam Gustafsson and Ellis Eckland, the report highlights: ▪ As the power sector decarbonises, industry is set to become Europe's highest-emitting sector; ▪ Steel companies receive the largest share of free allowances; ▪ Decarbonising steel production offers benefits but requires support from a meaningful carbon price and other green premiums; ▪ Investing in emission abatement projects unlocks a low-carbon premium when settling the steel onwards while, at the same time, providing a hedge against increasing carbon prices in the future. Despite challenges, proactive decarbonisation measures present the best risk-reward profile for investors. How do you think strategic investments in decarbonisation can drive a sustainable and profitable future? Download the full report to find out more: https://lnkd.in/dTq-dPNd #euets #steelindustry #carbonmarkets

Webinar recap: PPA pre-summer status for Europe We recently hosted a webinar where our renewable power experts provided valuable insights into the evolving European PPA market. A few of the key highlights discussed were: ▪ Solar Power surge: early 2024 saw high solar power generation leading to low power prices, frequent negative prices, and record-low capture rates for solar. ▪Market expectations: despite current low price levels, future market expectations suggest attractive fair-value PPA prices for both sellers and buyers. ▪Market growth: the European PPA market has shown significant growth with 134 reported deals (up to 53% year-on-year) and 10.2 GW contracted capacity (up to 10% year-on-year) in the first five months of 2024. Get ahead with our PPA modelling offer: Explore the complexities of PPA negotiations with our advanced PPA modelling tools. Request a demo to gain the insights and tools necessary for informed decision-making: https://lnkd.in/dWTCE2hU Watch the full webinar recording: https://lnkd.in/dfVBz2qu Knut Vrålstad | Irina Peltegova | Lisa Anna Zafoschnig #PPA #renewableenergy #solarpower