Norsk Hydro will record a $571 million impairment due to weak alumina and bauxite markets and uncertainty over power prices in Australia. Harbour Energy strikes an $11.2 billion deal for Wintershall Dea assets. German operator RWE acquires offshore wind farms in the UK from Vattenfall for £963 million, enabling the projects to proceed after being uneconomic on agreed prices. The deal involves RWE purchasing UK offshore wind assets from Vattenfall for $1.2 billion.
Vattenfall sells North Sea wind developments to RWE in £1bn deal https://t.co/fvHdB4kZXW
Germany’s RWE will buy an offshore wind development in the UK from Vattenfall, part of which was shelved by the Swedish company earlier this year https://t.co/RcACqrsjpB
Germany's RWE buys UK offshore wind assets from Vattenfall for $1.2 billion https://t.co/V1PB1L2yR9 https://t.co/8uxB3zM8Dt
⚡️ New: Swedish energy company @VattenfallUK has sold its Norfolk offshore wind farms to German operator RWE in a £963m deal. Work on the projects was on hold after rising costs made them uneconomic on prices agreed with government in 2022, but should now proceed
UK’s Harbour Energy agrees $11.2bn deal for Wintershall Dea assets https://t.co/jJBJpgLKWQ
Harbour Energy strikes $11.2 bln deal for Wintershall Dea assets https://t.co/1Qknjj1a9g https://t.co/k6WRJ4CHtz
Norsk Hydro will book a $571 million impairment against several mining and refining assets, citing weak alumina and bauxite markets and uncertainty over power prices in Australia https://t.co/Q46SPPlbQS