伯恩斯坦公用事业日报- 5月19日

www.bernsteinresearch.com regulator will review individual reactors in reviews through 2035. The regulator’s expert group declared itself “satisfied” with EDF’sproposed safety improvements after a meeting held on April 29-30.IBERIAPortugal PM's party wins snap election but falls short of majority (BBC).Portugal's governing right-of-centre DemocraticAlliance has won snap parliamentary elections - the third in as many years - again falling short of a majority. Its leader LuísMontenegro promised supporters to "stimulate investment" and to "guarantee prosperity and social justice". Socialist leader PedroNuno Santos announced his resignation after his party finished in second, and lost so many seats it ended up neck-and-neck withfar-right Chega - a relatively newcomer. The Socialists could even slip behind Chega if results from voters abroad, which take a fewdays to come in, mirror those in last year's election, when two out of the four seats went to Chega, and one to the Socialists. Chegaleader André Ventura said the "historic" result marked the end of two-party dominance in Portugal. His campaign had focussedon the issues of immigration and corruption, and Chega was probably helped by the fact that this election and the previous onewere both triggered by scandals involving the prime minister of the day. Montenegro, in his remarks to supporters, thanked both hisfamily and the "political family" that defended him from attacks relating to deals done by a company he set up before he becameparty leader, and which is now owned by his sons. This was the controversy that triggered the election, after the government lost avote of confidence.Grenergy signs a 390GWh/year PPA in Chile (Grenergy).The company has announced the agreement (PPA) with a globalenergy company in Chile for selling energy from solar plants. The contract outlines the sale of 390 GWh of solar energy annually,facilitated through a daytime. The PPA set to commence in October 2026 and the energy will be produced by the project portfoliobeing developed by Grenergy in central Chile. Of the total amount, 110 GWh per year will be supplied over a 15-year period, whilethe remaining 280 GWh will be delivered over a 12-year term. The energy is expected to be provided by the new capacity underdevelopment (to be in operation in 2025-2026). No details about the price have been released.GERMANYGermany drops opposition to nuclear power in rapprochement with France (FT).Germany has dropped its long-held oppositionto nuclear power, in the first concrete sign of rapprochement with France by Berlin’s new government led by conservative ChancellorFriedrich Merz. Berlin has signalled to Paris it will no longer block French efforts to ensure nuclear power is treated on par withrenewable energy in EU legislation, according to French and German officials. The move resolves a major dispute between the twocountries that has delayed decisions on EU energy policy, including during the crisis that followed Russia’s full-scale invasion ofUkraine. “The Germans are telling us: we will be very pragmatic on the issue of nuclear power,” said a senior French diplomat involvedin the talks. This meant that “all the biases against nuclear power, which still remain here and there in EU legislation, will be removed.”“This will be a sea-change policy shift,” said a German official. The reversal comes as Merz is seeking to explore ways for Germany tojoin France’s nuclear shield as a deterrent against future Russian aggression. “We are now actually finally open to talk to France aboutnuclear deterrence for Europe. Better late than never,” the German official said. “It’s a welcome rapprochement that will make thetopic of energy easier in the EU,” said Guntram Wolff, senior fellow at think-tank Bruegel. “Politically, Merz is also thinking about thenuclear umbrella.” Berlin’s reversal on nuclear power is part of efforts by Merz to revive Franco-German co-operation, a preconditionfor major decisions at EU level that stalled under former chancellor Olaf Scholz. “When France and Germany agree, it is much easierfor Europe to move forward,” said Lars-Hendrik Röller, a professor at Berlin-based ESMT business school who was chief economicadviser to former chancellor Angela Merkel.E.ON successfully closes new €4.7 billion syndicated credit facility (E.ON).On Friday, E.ON announced that it had successfullyclosed a new syndicated credit facility of €4.7bn with a term of five years and two options to extend the maturity by one year each.In addition, the facility size can be increased by up to €1bn during the term of the contract. The purpose of the facility is to securethe Group's liquidity at all times. It replaces the previous syndicated credit line of €3.5bn ahead of its maturity in October 2026. Thevolume was increased to €4.7bn to support E.ON’s organic growth path.Germany's Uniper, Britain's Octopus Energy sign power and gas agreement (Reuters).Uniper said on Friday it recently signedan agreement to su