Thursday 4 February 2016

First German wind futures sold on Nasdaq Commodities, By Bernd Radowitz, Recharge News, December 09 2015

Germany's expansion was on par with a 4.7GW build-up in the US

construction of German wind farm

A first trade of 10 lots was executed between EDF Trading and Energi Danmark at a price of €34.25 ($37.59).
“With the German Wind Index Futures contracts Nasdaq Commodities is breaking new ground within renewables contracts,” says Thomas Houlind, head of trading for Continental Power at Energi Danmark.
The trading of German wind futures comes as wind energy is becoming increasingly mainstream in Europe, and is influencing central European energy wholesale prices in general.
Germany with an installed wind capacity of more than 43GW is Europe’s largest wind power market.
German Wind Index Futures contracts use the Renewable Wind Index for Germany (NAREX-WIDE) as underlying, Nasdaq Commodities said.

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