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Abaxx Broadens European Wind Futures Coverage with Enwex Netherlands, France and Spain Futures Contracts
Globenewswire· 2026-02-11 12:00
Core Viewpoint - Abaxx Technologies Inc. is expanding its weather-indexed wind futures offerings in Europe by launching new contracts for the Netherlands, France, and Spain, set to begin trading on February 27, 2026, pending regulatory review by the U.S. Commodity Futures Trading Commission [1][2] Group 1: Product Expansion - The new contracts will provide standardized, exchange-cleared tools for managing weather-driven volume risk in three of Europe's leading renewable power systems [2] - The Netherlands, France, and Spain Onshore Wind futures are euro-denominated and indexed to Enwex Wind country indices, which translate wind speed into standardized generation utilization rates expressed in €/MWh [2][3] Group 2: Market Context - In the first half of 2025, below-average wind conditions in Europe led to estimated revenue drops of 10% to 20% at wind farms in nearly half of the analyzed regions, highlighting the need for country-specific benchmarks [2] - The launch of these contracts completes a six-market set of wind benchmarks, enabling firms to implement multi-market hedging strategies for weather-driven risk across Europe [3] Group 3: Company Overview - Abaxx Technologies aims to build smarter markets by providing better tools, benchmarks, and technology to address significant societal challenges, including the energy transition [4] - The company is also the majority shareholder of Abaxx Singapore, which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot, a platform for modernizing physical gold trading [5][6]