Portugal Eases Limits on Power Imports From Spain After Blackout
Portugal will continue to ease limits on the electricity interconnection capacity for imports from Spain after trading between the two countries was halted last month due to a blackout.
The cap on import capacity from Spain will increase to 1,500 megawatts between 9 a.m. and 8 p.m. on May 19-26, according to the website of Portuguese energy grid operator REN-Redes Energeticas Nacionais SA. There will no longer be restrictions at other times. Portugal has also been exporting electricity to Spain.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Carreras, €8 million away from Real Madrid, claims AS
According to the newspaper AS, Real Madrid and Benfica are still unable to finalize the signing of Carreras due to a difference of eight million euros. The white club has put an offer of 40 million on the table, while the Portuguese team demands 48, just 2 below the termination clause, set at 50 million. The operation, stalled for days in its final stretch, is also conditioned by the Club World Cup. Both Madrid and The Eagles will participate in the tournament, which makes the signing of Carreras a race against the clock. FIFA has set June 10 as the deadline to register players for the championship, and the white club has less than 96 hours to close the agreement. The next few hours will be decisive. The countdown has already begun. Advertisement This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 MIGUEL RIOPA - AFP or licensors
Yahoo
an hour ago
- Yahoo
LyondellBasell in Exclusive Talks to Sell Four European Assets to AEQUITA
LyondellBasell Industries N.V. (NYSE:LYB) has announced it has reached an agreement and entered exclusive negotiations with AEQUITA to sell select olefins and polyolefins assets and operations in Europe. These assets, previously identified as part of LYB's strategic review, are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). A factory worker monitoring a conveyor belt of specialty chemicals being produced. The deal includes both integrated and standalone facilities, along with central support functions based in Rotterdam and other locations. These sites form a sizable olefins and polyolefins platform well-positioned near key customers and connected to essential infrastructure. Peter Vanacker, LyondellBasell Industries N.V. (NYSE:LYB)'s chief executive officer, made the following comment: 'This contemplated transaction is a significant step in LYB's transformation to Grow and Upgrade our Core. We are committed to operate our assets safely and reliably throughout this process and will continue to support our customers, employees and other key stakeholders. Europe remains a core market for LYB and one we will continue to participate in following this transaction with more of a focus on value creation through establishing profitable leadership in circular and renewable solutions.' The transaction is expected to close in the first half of 2026, pending consultation with employee representatives and regulatory approvals. Citi and J.P. Morgan Securities LLC are serving as financial advisors, with Linklaters LLP acting as legal counsel for LyondellBasell. LyondellBasell Industries N.V. (NYSE:LYB) is a global leader in the chemical industry, focused on advancing sustainable solutions and supporting a circular, low-carbon economy through innovation and investment. While we acknowledge the potential of LYB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16 hours ago
- Bloomberg
Telefonica, Masorange Said to Hold Early Talks on Vodafone Spain
Telefonica SA and Masorange have held informal talks on a potential deal for Vodafone Spain, people familiar with the matter said, a move that could lead to further consolidation in the country's telecom market. One of the possible scenarios being explored would be to break up Vodafone Spain's fixed-line and its mobile or enterprise operations, due to possible antitrust issues, the people said. MasOrange could also potentially take over Vodafone's low-cost brand Lowi, one of the people said, asking not to be identified as the information is private.
