MAJOR WIND FARM CONTRACT SIGNED

SSE and Equinor have agreed 15-year power purchase agreements (PPAs) for the first two phases of the Dogger Bank offshore wind farm they are developing off the coast of Britain, the companies said on Tuesday. Separate PPA’s totalling 2.4 gigawatts of capacity for power from Dogger Bank A and B have been reached with Orsted, Shell Energy Europe Ltd, Danske Commodities and SSE’s energy supply business, SSE and Equinor said in a statement. SOURCE: Reuters

HUGE EURASIAN DEAL FOR SAMSUNG

Samsung Heavy Industries, a major shipbuilder in South Korea, has secured a contract worth $2.5 billion to supply block materials to a client in the Eurasian region. It marked the shipbuilder’s largest single ship contract. Details were not disclosed, but the shipbuilder has teamed up with the Zvezda shipyard in the Russian Far East to take part in designing icebreakers. SOURCE: hellenicshippingnews.com

VACCINES RAISE EUROPEAN SPIRITS

Economic activity in the euro zone sank once again in November after governments introduced new lockdowns and social restrictions to contain further spreading of the coronavirus. However, news that a Covid-19 vaccine might soon be ready for distribution has made businesses more confident about returning to their normal activity levels in the next 12 months. The flash euro zone PMI composite output index, which looks at activity in both manufacturing and services sectors, came in at 45.1 in November — the lowest reading in six months, and down from 50 in October. SOURCE: cnbc.com

GAZPROMBANK STARTS BITCOIN TRADES IN SWITZERLAND

Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin transaction service following regulatory approval by Swiss regulators. Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco. SOURCE: cointelegraph.com