The Finnish utility Teollisuuden Voima Oyj (TVO) has filed an appeal to the General Court of the European Commission (EC) over the January 2017 EC decision which validated a state aid amount of €4.5bn to the French company Areva. TVO is not opposed to the fact that the French State is helping and restructuring Areva but is not convinced that the company will have the resources to complete the Olkiluoto-3 (OL-3) EPR project (Eurajoki, Finland) and keep its commitments until the end of its guarantee period. Besides, TVO argues that the current French State restructuring and recapitalisation plan neither provides sufficient guarantees nor meets all current and future liabilities for OL-3. TVO's appeal seeks to ensure that Areva has enough financial reserves in case it loses its case over the project's delays. The commissioning of the 1,600 MW EPR is now planned for December 2018 and the project is now nearing the comprehensive test phase.
In January 2017, the EC gave its approval to the French State for its participation in the capital increases of Areva and NewCo - combining all Areva's operations related to the fuel cycle - up to a maximum of €4.5bn out of a total amount of €5bn. On 12 July 2017, the French State achieved the first €2bn capital injection in Areva and another €2.5bn capital increase was set up at the end of the month in order to ensure the successful completion of the OL-3 project in Finland. As a result, the French state now holds 92.22% of the capital and 91.69% of Areva's voting rights, directly or indirectly.
In September 2017, TVO and the Finnish national electricity transmission grid operator Fingrid begun preparatory works in order to connect OL-3 to the domestic grid in 2018.
-
-
Energy and Climate Databases
- The most comprehensive and up-to-date annual energy database.
- Monitoring of technology providers in H2 supply chain.
- Monthly energy data on key energy markets.
- The most reliable and up-to-date power generation database.
- The essentials of LNG trade at your fingertips.
- Global monitoring of new and existing refineries.
- Analyse energy consumption and efficiency trends at world level. Benchmark countries.
- Have your database developed by a recognised expert of both energy and IT.
-
Energy - Climate Forecasts
- Instant access to energy and emissions forecasts.
- Strategic, annual wholesale price projections backed by Enerdata's energy modelling expertise and our globally recognised POLES model.
- Wedges module showing a breakdown of the levers enabling to reduce emissions between two scenarios.
- Unique, independent projections of consumption by end-use.
- GHG Marginal Abatement Cost Curves.
- Benefit from proven models to draw your own energy scenarios and anticipate tomorrow’s challenges.
-
Market Intelligence
- 110 Energy and climate country reports
- A newsletter to receive the latest updates on evolving technologies and policies.
- Global energy news and analyses curated daily.
- Enerdata’s experts bring you the essentials about your market and competitors.
-
-
-
Market Analysis
- Understanding key consumption trends and drivers across sectors.
- Granular and exclusive insight to address the most pressing business and strategic issues.
- Expertise in strategic and business intelligence, with fine-tuning to the market’s specificities.
-
Energy - Climate Scenarios
- Providing the outlook of an energy commodity in mid to long term time horizons.
- Sector and driver specific energy demand forecasting.
- Assess the evolution of energy prices on the international and regional markets, as well as end-users prices.
- Enerdata guides you through pathways to reach climate targets.
- Supporting local authorities in their decarbonisation strategies.
-
Climate Strategy and Policy Evaluation
- Cutting-edge quantitative tools and relevant indicators to monitor and evaluate evolutions on worldwide energy markets.
- Analysis of the most cost-effective options to reduce emissions.
- Quantified simulation and analysis of pledges for climate change negotiations.
- Breakdown and analysis of carbon markets.
- Enerdata guides you on the most beneficial policy or investment options.
- Turning climate objectives into concrete action plans.
-
Training
- Understand different policy targets and measures on energy efficiency.
- How to measure energy savings?
- Energy Forecasting is a 2 days training to learn to design and interpret energy forecasts.
- Energy statistics training allowing to create energy balance with supply, transformation and consumption and understanding the international energy statistics regulations.
- Initiation to EnerMED level 1is the training to approach on the most powerful energy demand forecasting model.
-
-
Resource Centre