The European Energy Exchange AG (EEX) has completed the acquisition of Grexel Systems Oy, a provider of energy certificate registries in Europe. The company currently operates 15 energy certificate registries in Europe.
With this transaction, EEX Group is expanding its activities in the registry business and will be able to actively develop the markets for guarantees of origin for renewable and other forms of energy. As part of EEX Group, Powernext already operates register solutions for guarantees of origin and other certificates in France.
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.
Grexel, based in Helsinki, is Europe’s leading energy certificate registry provider, with an annual transaction volume of over one billion MWhs by over ten thousand active account holders in 15 countries. In addition to central registry service provision, Grexel also helps its customers to design new certification schemes, coping with the changing requirements set by international legislation and standards, and to understand the market better.
Alma Capital, Tidan launch $100m volatility arbitrage UCITS fund
Tidan Capital has launched its NOVA volatility arbitrage strategy as a UCITS fund on Alma Capital's platform, with more than $100m in…
More
Hedge fund-style total return swaps raise new risks for sovereign bondholders
Governments including Senegal, Angola and Nigeria are increasingly using total return swaps (TRS) to raise funding from banks, but the…
More
Jain Global adds two senior equity PMs in London
Jain Global has strengthened its London equities operation with the appointment of two senior portfolio managers, continuing to build out…
More