RENEWABLES: Croatia Eyes Solar Tenders in 2025
Jan-08 15:03
Croatia is planning to launch two solar tenders this year according to the Ministry of Environmental Protection and Green Transition (MZOZT), cited by PV Magazine.
- Croatia plans to launch a tender for €25mn to co-finance solar plants and heat pumps in the public sector in 2Q 2025. It also plans a second tender for end users in the first half of this year.
- It further plans to launch a public call to install residential solar arrays in 2Q 2025, with plans to allocated €10mn.
- In June 2024, Croatia’s energy market operator HROTE launched a renewable tender to support 607 MW of renewables, including 450 MW of solar.
- In the tender it allocated 413.5MW of solar capacity with an average price of €0.056/kWh and 4.5MW of hydropower capacity at €0.158/kWh.
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MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%
Dec-09 15:00
- MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%
SECURITY: Sullivan To Travel To Israel For Gaza Ceasefire Talks This Week
Dec-09 14:47
US President Joe Biden's National Security Advisor, Jake Sullivan, will travel to Israel this week for talks on a Gaza ceasefire-for-hostage deal. The White House notes that Sullivan will also discuss developments in Syria, Lebanon, and Iran.
- The trip comes amid increased optimism that a Gaza ceasefire deal can be struck before US President-elect Donald Trump takes office on January 20, as noted in previous bullet: ISRAEL: Reports-Names Exchanged In Possible Sign Of Progress On Gaza Ceasefire
- Sullivan said at the 2024 Reagan National Defense Forum yesterday, when asked if he was hopeful of reaching a deal in Gaza: "I have now learned not to use the word “hopeful” and “Middle East” in the same sentence. So, I will not do that. There are ongoing talks. We are going to use every day we have an office to try to get a [deal] in place."
- On Syria, Sullivan noted that the Biden administration would take steps to prevent, "the resurgence of ISIS," including "dozens of airstrikes, striking more than 75 ISIS targets," per CNN.
- Trump noted on the collapse of Bashar al-Assad's regime in Syria: “THE UNITED STATES SHOULD HAVE NOTHING TO DO WITH IT. THIS IS NOT OUR FIGHT. LET IT PLAY OUT. DO NOT GET INVOLVED!”
- Trump's position may clash with senior Republican foreign policy hawks. House Foreign Affairs Committee Chair Michael McCaul (R-TX) said: “It is vital the international community continue working to ensure the enduring defeat of ISIS and other terrorist organizations,”
GILTS: Off Lows, Ranges Remain Tight
Dec-09 14:46
Gilts rally alongside Bunds over the last 90 minutes or so, although ranges remain contained in the grander scheme of things and bonds have faded from recovery highs.
- Futures peak at 96.13 so far, unable to challenge initial resistance at 96.18, last 96.03.
- Short-term bullish technicals intact.
- Yields now 2-3bp lower across the curve, bull steepening.
- 10s back below 4.25%, after basing at 4.190% last week.
- 10s a little over 2bp tighter on the day vs. Bunds, last 214.5bp. Multi-week range in the spread intact.
- Nothing to really move the needle from BoE’s Ramsden, who underscored his desire for gradual and predictable QT.
- He also pointed to “very orderly” gilt market action following the budget.
