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Gunvor drops $22bn bid for Lukoil assets under US pressure

Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.

INNIO and KMW build 54 MW gas-fired power plant to secure data centres

INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.

OMV posts €1.26bn operating profit in Q3 despite falling revenues

Austrian energy group OMV reported a 20% increase in operating profit in Q3 2025, driven by strong performance in fuels and petrochemicals, despite a decline in total revenue.
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Iberdrola installs its first offshore HVDC station in the United Kingdom

Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.

Lukoil begins sale of international assets after new US sanctions

Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.

Shanghai Electric signs 342 MW deal with Econergy in Romania

Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
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Enspired partners with Banpu to enter Japanese battery storage market

Austrian battery optimisation specialist enspired enters Japan in partnership with Banpu NEXT, backed by a Series B extension to over €40mn.

GE Vernova to supply 42 turbines for a 252 MW wind farm in Romania

GE Vernova will equip the Ialomiţa wind farm with 42 turbines of 6.1 MW, strengthening its presence in the European onshore wind sector with a 252 MW project in partnership with Greenvolt.

INNIO to deliver 80 MW to strengthen power grid stability in Indonesia

Soaring electricity demand in Batam, driven by new data centres, leads INNIO and MPower Daya Energia to secure 80 MW and launch a five-year maintenance programme.
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CWP Europe secures Brussels’ support for 1 GW energy projects in the Balkans

CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.

StarCharge signs 500MWh contract with ENERGY INVESTMENT LLC in Eastern Europe

StarCharge has secured a 500MWh energy storage order through a strategic agreement with ENERGY INVESTMENT LLC, strengthening its position in rapidly evolving Eastern European markets.

Elawan wins 92MW wind capacity in Romania under 15-year public contract

Elawan Energy secured two wind power projects totalling 92MW in Romania through a long-term public contract, strengthening its presence in the region with operations scheduled to begin in 2028.
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Ukraine plans to increase gas imports by 30% after Russian strikes

The Ukrainian government is preparing to raise natural gas imports by 30% to offset damage to its energy infrastructure and ensure supply continuity during the winter season.

Metacon finalises EUR7.1mn hydrogen contract with Elektra in Romania

Swedish firm Metacon has secured a EUR7.1mn ($7.7mn) contract to deliver a 7.5 MW electrolysis plant to Elektra Power SRL, marking its operational entry into the Romanian market.

Clariant targeted by BP and ExxonMobil in ethylene case

The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
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OMV builds 140 MW green hydrogen plant for its Austrian refinery

OMV is investing several hundred million euros in a 140 MW electrolysis unit in Austria, set to produce 23,000 tonnes of green hydrogen annually to supply its Schwechat refinery.

HiTHIUM signs 2GWh deal with Solarpro for large-scale storage projects in Eastern Europe

Storage provider HiTHIUM will supply 2GWh of batteries to Solarpro for multiple large-scale projects across the Balkans and Central Europe.

Nuclearelectrica secures €620mn for strategic Cernavoda projects

Romanian producer Nuclearelectrica has secured €620mn in funding to modernise Cernavoda unit 1 and launch the next phase of units 3 and 4, backed by a banking syndicate led by JP Morgan.
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OMV fires executive accused of links to Russian espionage in Vienna

OMV terminated the contract of one of its executives after suspicions of spying for Russia, prompting the Austrian Ministry of Foreign Affairs to summon a Russian diplomat.

Washington approves $130mn project to connect Moldova’s grid to Europe

The United States is funding a new high-voltage line to integrate Moldova into the European electricity market, following the cutoff of supplies from the separatist Transnistria region.
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Infractions: the European Commission sanctions

The European Commission is taking legal action against EU countries that do not meet their energy obligations.

Precarious lull in world gas prices

Natural gas prices are experiencing a lull in global markets, but could quickly rebound. The authors of the quarterly study by the Oxford Institute for Energy Studies point out that prices remain well above the average of the past five years.

Romania: Photon Energy Group opens three new solar power plants

Photon Energy Group, a solar energy company, announces the commissioning of three solar photovoltaic plants in Romania. With a total capacity of 6 MWp, these new facilities will generate 9.6 GWh of renewable energy each year without any government subsidy.
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Nuclearelectrica aims at full nuclear capacity for Romania

Kazatomprom completed the shipment of uranium to Romania via the Caspian Sea for Nuclearelectrica's CNU Feldioara processing plant. Nuclearelectrica plans to renovate its old unit, complete two other units on site and develop small modular reactors.

CWP Europe acquires 134 MW solar project in Romania

CWP Europe announces the acquisition of a new solar project in Romania, confirming its commitment to the energy transition and the reduction of greenhouse gas emissions.

Enel sells its assets in Romania for 1.26 billion euros

Enel is pursuing its strategic asset disposal plan. After announcing in November 2022 its intention to focus on six key markets, the group has signed an agreement with PPC to sell all its assets in Romania for EUR 1.26 billion.
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Macquarie Asset Management sells its stake in Energie Steiermark

Macquarie Asset Management is selling its €525 million stake in Energie Steiermark, an energy distribution and services company in Austria, with subsidiaries in Slovenia, the Czech Republic, France and Germany.

A coalition of ten EU states joins France for nuclear energy

Eleven European Union countries, including France, have announced their intention to strengthen their cooperation in the field of nuclear energy to achieve climate objectives. This initiative is not well received by some countries, including Germany and Spain, which are opposed to nuclear energy.

Enel announces an ambitious plan to sell assets

On Tuesday, Enel, Italy's largest utility, announced an ambitious asset sale plan aimed at reducing its net debt by the end of this year. The company will then focus on six main markets in Europe and the Americas.
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Enel announces a 63.9% jump in revenues in 2022

Enel released outstanding preliminary results for 2022 on Thursday, with a 63.9% jump in revenue. Revenues amounted to 140.5 billion euros, well above analysts' expectations. Gross operating income also increased by 9.3% to 18.8 billion euros, demonstrating the group's resilience in an unfavorable environment.

European Summit on industrial policy and migration

EU leaders are meeting in Brussels on Thursday to discuss two crucial issues: the EU's industrial policy in the face of US and Chinese competition, and the management of migration at the EU's borders.

Vestas signs new 60MW agreement in Romania

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PPCR and Mytilineos announce 210MW of solar power

PPCR (PPC Renewables) and Mytilineos sign an agreement in principle to develop, build and sell a solar portfolio in Romania.

NuScale completes VOYGR plant project

NuScale Power has reached a new milestone with the completion of the VOYGR SMR plant design project.

Cernavodă doubles its number of reactors

Cernavodă, a nuclear power plant, in Romania gets government permission to increase its capacity.
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Adamclisi and Deleni, 2 new Romanian parks

Adamclisi and Deleni, two onshore wind farms in Romania are the subject of a construction announcement by Rezolv Energy.

Italy’s Enel negotiates with Greece’s PPC to sell its assets in Romania

Italian energy giant Enel has announced that it has entered into exclusive negotiations with Greek state-owned energy provider PPC.

RED III, tensions on biomass exploitation

RED III, a revised European Union (EU) directive may adopt restrictions on primary woody biomass.
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Romania: a turnkey hydrogen project

In Romania, energy systems manufacturer Metacon will supply an integrated renewable hydrogen system to Ground Investment Corp.

Romania: MET bets on photovoltaic

The MET group has huge ambitions for Europe and unveils one of its assets with the announcement of a 52 MW solar park in Romania
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