Selasa, 24 Desember 2024

Is the EU on the Brink of an Energy Blowup?

Is the EU on the Brink of an Energy Blowup?
Wealth Daily

Is the EU on the Brink of an Energy Blowup?

There’s no free lunch when it comes to energy, and some EU members are starting to learn that lesson the hard way. 

But this lesson didn’t start in worry and concern.

No, it started with hope. 

A decade ago, while the green energy transition was in full swing across the pond in Europe, a new connection was forged between two countries that many hoped would be a shining beacon could help share clean power between EU members. 

Not many people have heard of the Skagerrak 4 interconnection before. It was a high-voltage HVDC cable that went into operation in 2014 and connected Norway and Denmark to help build a more environmentally-friendly power market with Europe. 

And why wouldn’t they want to share their clean energy with their neighbors? 

After all, despite being the world’s 13th-largest oil producer with output of roughly 2 million barrels per day, Norway’s energy dynamic is...

>>> Read the full article here.

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