伯恩斯坦公用事业日报- 5月22日

www.bernsteinresearch.com while Energy division revenues increased by +56%. Net debt reached €726m.Grenergy expands partnership with BYD Energy Storage for major energy storage project in Chile (Grenergy).Grenergy hasannounced an expansion of its partnership with China's BYD Energy Storage, signing a new agreement for the supply of 3.5GWh ofenergy storage systems. These systems will be installed in the sixth phase of the Oasis de Atacama project (Elena), located in northernChile which is a key phase of the Oasis de Atacama project, (446MW and 3.5GWh of storage capacity).Solaria gets 250MW grid link approval for data center capacity (Platts).Solaria said May 20 that it received confirmation fromgrid operator REE to connect a further 250MW of demand from potential data centers. This takes the company’s total to 1.2GW ofpotential data center capacity as its targets an accelerated development backed by its own renewable production. Solaria ended2024 with 600MW secured grid capacity. The company aims for all-inclusive turnkey-style supply deals with data center developersby offering land rights, power supply and substations to directly connect the plants to the grid and bypass lengthy administrativeprocesses. Its captive renewable supply should also reduce their energy costs, it said. This could be the equivalent of €21/MWh,according to company calculations.Blackout: Spain probes big grid oscillations (Montel).Spain is investigating two oscillations in the power grid 30 minutes beforethe blackout across the Iberian peninsula last month, the country’s energy minister said on Wednesday. Sara Aagesen said the probehad yet to determine whether the oscillations were related to the mass outage. At 12:03 CET on the day of the power cut, “marketplayers observed at least two periods of oscillations, with variables within the [Spanish] system, but also inter-area – beyond ourborders, on the other side of the Pyrenees”, she added at a senate hearing. The first fluctuation took five minutes to decrease with"strong voltage swings" and a 0.6 Hz frequency variation, deemed "anomalous" with an unknown origin. The second had a 0.2Hzvariation, considered a "usual oscillation" within the continental system.ITALYItaly assigns 563MW of batteries in 2027 capacity market (Platts).Italy’s 2027 capacity market auction saw 563MW of newbattery storage awarded contracts. Some 23 battery projects were awarded capacity at €47.00/ MWh, including Enel Produzione atLa Spezia (127 MW). A further 31 MW of newly assigned capacity was mostly thermal. The overall auction confirmed the provisionaltotal of 43GW of overall capacity announced in February, with 38GW awarded to existing domestic capacity and 4.36GW of virtualexternal capacity, both roughly in line with the 2026 and 2025 volumes. Enel continued as the largest single taker, and added some300MW since the 2026 sale. Capacity holders are also permitted to trade their volume on Terna's secondary market, with monthlydelivery. The latest secondary auction for May 2025 saw 75MW of capacity traded at a volume-weighted average price of €42,660/MW. The 2028 capacity market was originally due to be held in 2025, but is now expected to be held after the country’s first centralizedstorage auction, due in September 2025.NORDICSSweden passes law to fund new generation of nuclear reactors (Reuters).Sweden's parliament passed legislation onWednesday to finance a new generation of nuclear reactors the government says are key to energy security and achieving net zeroemissions by 2045. The government plans four large-scale reactors, with installed capacity of around 5GW, or the equivalent in SMRs.Half of those should be on-stream by 2035. The government says it supports all fossil-free energy production, but that only nuclearcan supply reliable, predictable power. Officials did not say how much the new programme would cost or how this would be sharedamong consumers. While the bill is a major step forward in the minority coalition's plans for what it has called a "massive" build-outof nuclear power, its future remains uncertain. Sweden's opposition parties all voted against the bill and the country holds a generalelection next year.Danish offshore wind subsidies unsustainable without demand boost says Vattenfall (Platts).Denmark’s plan to use CFDs inits upcoming 3GW offshore wind auction is a positive step but may not ensure the tender’s success, according to Vattenfall. Vattenfall’soffshore wind head, Catrin Jung, noted that "Denmark doesn’t have the demand that is required" and has attempted to lobby for moreintegration with central European demand hubs like Germany. CEO Anna Borg said that "there needs to be critical volumes for thesuppliers to ramp up their capacity and that’s the only way to get the cost down". Head of Markets unit Martjin Hagens added thatVattenfall "would rather see part of the subsidy also go to demand stimulation, either for hydrogen or by incentivizing industry todecarbonize and elec