Denmark

Technique Solaire secures €40mn junior debt to support 392 MWp in projects

Technique Solaire has secured €40mn ($43.5mn) in junior debt from BNP Paribas Asset Management to structure two solar portfolios totalling 392 MWp across France, Spain and the Netherlands.

BayWa r.e. sells 46 MW floating solar project in the Netherlands

BayWa r.e. has finalised the sale of a 46 MW floating solar park, the country’s largest, to a Dutch public-local consortium, marking a new step in the decentralised structuring of the solar market in the Netherlands.

Gasunie and Thyssengas to link Dutch and German hydrogen networks

Gasunie and Thyssengas have signed an agreement to convert existing gas pipelines into hydrogen conduits between the Netherlands and Germany, facilitating integration of Dutch ports with German industrial regions.
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Cadeler secures two offshore contracts worth €500mn in wind energy

Danish group Cadeler has signed two contracts for the transport and installation of offshore wind turbine foundations and units worth a combined €500mn, subject to a final investment decision by the client.

Uniper shuts down Karlshamn-2 after failure of Swedish winter backup scheme

The shutdown of Karlshamn-2 removes 335 MW of heavy fuel oil capacity from southern Sweden, exposing the limits of a strategic reserve model approved but inoperative, and increasing pressure on winter supply security.

RWE completes Nordseecluster A foundations ahead of maintenance operations

RWE has finalised installation of all 44 foundations at the Nordseecluster A offshore site in the North Sea, a key milestone before planned maintenance activities leading up to 2027 on this 660-megawatt project.
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Vestas boosts quarterly profit and announces €150mn share buyback

The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.

Aegir Insights expands Aegir Quant™ to hybrid, solar and storage assets

Danish firm Aegir Insights extends its Aegir Quant™ platform to onshore wind, solar, storage and hybrid assets, strengthening its investment intelligence offering for developers and investors.

Ørsted deepens losses in the third quarter despite major fundraising

Danish offshore wind giant Ørsted reported a net loss of 1.7 billion kroner in the third quarter, despite a $9.4 billion recapitalisation aimed at strengthening its balance sheet and stabilising operations.
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Shell launches a large debt exchange offer for $8.4 billion of dollar-denominated bonds

Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.

Eneco Acquires Prowind’s Wind Project Development Business in the Netherlands

Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.

Denmark launches a 20 MW low-carbon hydrogen plant in Fredericia

The HySynergy I plant produces eight tons of hydrogen per day from renewable energy and marks a new milestone in the deployment of low-carbon hydrogen in Europe, with medium-term expansion projects.
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EU bans Russian LNG, Arctic bottlenecks and clauses under strain

The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —

Schneider Electric bets on e-methanol to strengthen industrial partnerships in Canada

Schneider Electric Canada aims to bring its Danish e-methanol plant model to the Canadian market, leveraging advanced automation to support new partnerships with heavy industry sectors.

Poland: Orlen Consolidates Gas, Targets Regional Hub Without Liberalization

Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.
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Vattenfall raises operating profit to SEK21.47mn amid nuclear repositioning

Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.

Shell posts higher quarterly profit and launches $3.5bn share buyback

The British group’s net profit rose 24% in Q3 to $5.32bn, supporting a new share repurchase programme despite continued pressure on crude prices.

TotalEnergies and Shell boost profits despite falling oil prices

Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.
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Petrofac places holding company into administration after termination of key contract

The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.

Carbon removal investments hit $1 billion despite high operating costs

The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.

Nexans wins the largest wind power contract in its history in the North Sea

Nexans has been awarded a 1.7 billion Euro contract by TenneT to connect future offshore wind farms in the North Sea to the German power grid, enabling 6 GW of power to be transported via more than 2,160 km of high voltage direct current submarine cables.

Rescue of oil tanker in Yemen still not fully funded, regrets UN

The United Nations is short of $24 million to fund the rescue of an abandoned oil tanker off the coast of Yemen that risks causing an oil spill in the Red Sea. Despite this, the operation is expected to start before the end of May thanks to existing donations and internal UN funding mechanisms.

EU extends correction mechanism to protect gas market

The EU is expanding its gas market correction mechanism to include additional virtual trading points, which will help protect the single market from gas price fluctuations. The European Commission believes that it is imperative to extend the mechanism to other VTPs, despite differing opinions.
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The Netherlands: 28 billion euros for the fight against climate change

The Netherlands has announced a €28 billion package of measures to reduce greenhouse gas emissions, including the closure of all gas and coal-fired power plants by 2035 and subsidies for the purchase of used electric cars.

RWE to install low-carbon towers in Thor Park

RWE, the German energy giant, has announced that it is the first developer to use Siemens Gamesa's GreenerTowers for its Danish Thor offshore wind farm. This initiative aims to reduce CO2 emissions by using more environmentally friendly steel and green electricity produced from renewable sources.

Moray West: first UK offshore wind farm based on purchase agreements

ENGIE is financing the £2 billion Moray West wind farm in Scotland, which relies on renewable power purchase agreements with companies for its production. ENGIE's joint venture, Ocean Winds, has tripled the size of its project portfolio since its creation in 2020.
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TenneT awards contracts for 14 North Sea connections

TenneT has awarded contracts for 14 grid connection systems in the North Sea, enabling Europe to secure an independent renewable energy source and become the first carbon neutral continent by 2050.

PGE – Siemens agreement: offshore wind turbines for the Baltica 2 project

Poland's largest state-owned energy company, PGE, signs a landmark agreement with Siemens Gamesa Renewable Energy to supply 107 offshore wind turbines for the Baltica 2 project. The project is expected to be completed by the fourth quarter of 2027.

New submarine cable project between the UK and the Netherlands

The United Kingdom and the Netherlands will launch a new submarine power cable project, LionLink, connected with offshore wind farms to power 1.8 million homes across the UK. The project will be operational in the early 2030s.
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UK warns of Russia’s cyber threat

Increased Russian cyberattacks on critical infrastructure in Europe are causing concern among politicians and cybersecurity experts. A look at the latest warnings issued by several European countries, as well as the measures taken to protect endangered energy infrastructures.

Russia “maps Nordic underwater energy assets”

Russian spy ships have been spotted mapping energy and telecommunications infrastructure in northern waters. Nordic broadcasters have tracked messages from these ships to Russian naval bases, suggesting an information-gathering operation potentially for acts of sabotage.

The Port of Rotterdam proposes a site for a green hydrogen plant

The Port of Rotterdam has announced plans to develop an 11-hectare site for a large green hydrogen plant. This initiative is part of efforts to effectively integrate offshore wind energy into the Dutch energy system.
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Fortum launches arbitration against Vestas

Fortum sues Vestas in arbitration over wind projects in Russia cancelled due to sanctions. The two companies are fighting over contractual obligations and prepayments, raising questions about the risks of doing business in politically unstable environments.

Macron to attend 2nd “North Sea Summit” in Belgium

Emmanuel Macron will participate in the 2nd North Sea Summit to accelerate the deployment of offshore renewable energy. France will join seven other European countries in making the North Sea the "green powerhouse of Europe".

SPIE and TenneT collaborate on the construction of the 2GW onshore substation

SPIE Nederland is working with Tennet to build a 2GW onshore substation that will connect offshore wind farms to the Dutch high-voltage power grid. The company will focus on the technical installations related to the substation under this 4-year framework agreement.
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Norway: a unique source of gas supply for Europe

Norway's gas exports to Europe remain strong despite a slight decline in March. Norway is committed to maintaining operational stability to meet European gas demand.

Nord Stream: the origin of the sabotage remains uncertain according to a Swedish prosecutor

The sabotage of the Nord Stream gas pipelines remains mysterious, according to the Swedish prosecutor who is leading the investigation, with the assumption that a state is responsible. The attack remains linked to Russia's invasion of Ukraine, although those responsible are not yet known despite ongoing investigations in several countries in the region.

In Rotterdam, a refinery to quench aviation’s thirst for sustainable fuels

The Rotterdam refinery of Finnish giant Neste is set to significantly increase its production of sustainable aviation fuel to meet the growing demand for SAF, the main solution to reducing aviation's carbon footprint. This initiative follows the European Union's gradual incorporation of SAF into aviation kerosene.
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Wind power: Petrofac and Hitachi selected by TenneT, €13bn framework agreement

Petrofac and Hitachi Energy have won a €13 billion framework agreement with TenneT for six wind energy projects in the German-Dutch North Sea, marking the largest contract in Petrofac's history and enabling TenneT to expand its offshore wind energy capacity.

Nord Stream: Denmark has recovered an object found near a sabotaged pipeline

Denmark carried out an operation to recover a suspicious object. This object, a smoke buoy, would be linked to the sabotage of the Nord Stream gas pipelines, which took place last September.