Denmark

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.

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.
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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.

Western sanctions disrupt Lukoil’s international operations

Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.
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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.

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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European Investment Bank grants €90mn to modernise Olkiluoto

Finland’s Olkiluoto nuclear plant will receive a €90mn ($104mn) loan from the European Investment Bank to upgrade units I and II as part of a programme aiming to extend their operational lifespan.

Korkia and Evolution Power secure approval for 250 MW solar project in the UK

The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.

Kazakhstan begins negotiations to export uranium to Finland

Talks are underway between Astana and Helsinki to consider the delivery of Kazakh uranium for Finnish nuclear power plants, amid efforts to diversify energy export markets.
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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.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

Siemens Gamesa suspends wind turbine plant project in Esbjerg due to lack of visibility

Faced with market uncertainty in Europe, Siemens Gamesa pauses a planned industrial investment in Esbjerg, highlighting structural difficulties in the offshore wind sector.
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Brussels renews push to end daylight saving time over energy inefficiency

The European Commission is reviving efforts to abolish daylight saving time, supported by several member states, as the energy savings from the practice are now considered negligible.

Vantaan Energia selects Elisa Industriq to optimise 10 MW battery in Finland

Finnish energy company Vantaan Energia has selected Elisa Industriq’s Gridle service to operate its new energy storage system in Rekola, supporting national grid flexibility.

EU approves ban on Russian gas imports by end of 2027

European Union member states have approved the principle of a full ban on Russian natural gas imports, set to take effect by the end of 2027.
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Finland leads race to host first Nordic fusion reactor, report finds

A technical study commissioned by Novatron Fusion Group identifies Finland as the most prepared country to host a fusion reactor, despite favourable conditions across the Nordic region.

FairWind acquires Cosmic Group to strengthen wind energy presence in Asia-Pacific

The acquisition of Cosmic Group by FairWind consolidates its position in Australia and marks a strategic expansion into New Zealand and Japan.

UK refuses to finance subsea electrical link with Morocco

The British government declines to support the subsea electrical interconnection project valued at £24bn ($33bn) linking Morocco to the UK, citing high financial risks and incompatibilities with its national energy strategy.

Fortum selects Westinghouse to study an AP1000 reactor in Finland

The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.

France and Norway formalize an agreement on cross-border CO₂ transport

France and Norway sign an agreement facilitating the international transport of CO₂ to offshore geological storage facilities, notably through the Northern Lights project and the CO₂ Highway Europe infrastructure.
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European Energy secures €70m to fund two major solar projects in Australia

Danish developer European Energy finalises financing deal exceeding €70m for constructing two Australian solar plants, totalling 137 megawatts of installed capacity on the local electricity market.

Equinor launches its first solar power plant in Denmark through subsidiary BeGreen

The Ingerslev Å solar plant, operated by BeGreen, an Equinor subsidiary, begins production in Denmark, adding a capacity of 65 MW and generating approximately 68 GWh annually for the local DK1 electricity market.

Thor offshore wind farm prepares its operational centre in Thorsminde

RWE and Østermark Entreprenørforretning celebrate advanced construction of the operational building for Denmark's largest offshore wind farm, promising up to 60 permanent local jobs by 2026.
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Macron presents a united European front in Greenland amid US ambitions

The French president travels to Nuuk on 15 June to support Greenlandic sovereignty, review energy projects and respond to recent US pressure, according to the Élysée.

Hydrocarbon pollution: Rømø closes beaches at peak tourist season

The sudden appearance of hydrocarbon clusters has forced the closure of beaches on the Danish island of Rømø, triggering an urgent municipal investigation and clean-up operation to mitigate local economic impact.

South Africa: 37mn USD fund boosts green hydrogen

The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
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Minesto boosts Dragon 12 tidal turbine performance by 25%

Swedish energy developer Minesto confirmed a 25% increase in output from its Dragon 12 tidal system, marking a key step towards commercial deployment in the Faroe Islands.

Rosatom claims USD 2.9 billion from Finland’s Fortum and Outokumpu

The Moscow Arbitration Court postpones by nine months the trial initiated by Rosatom against Fortum and Outokumpu, seeking nearly three billion dollars following the controversial cancellation of a nuclear project in Finland.

RWE sells 49% stake in two offshore wind projects to Norges Bank for €1.4bn

Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
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EU Approves 13 Key Critical Materials Projects, Including One in Greenland

The European Union selects 13 critical materials extraction projects, including a site in Greenland, to secure strategic supplies essential for technological and energy industries, amidst global geopolitical risks.

Norne and Port of Aalborg sign 30-year exclusive deal for CO2 hub

Norne and the Port of Aalborg begin construction of a 15 mn tonne per year CO2 terminal, supported by an EU grant.

European Energy secures EUR 145mn loan for wind and solar projects in Lithuania

European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
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Sweden enforces tighter controls on Russian ships in the Baltic Sea

The Swedish government will implement new disclosure rules for foreign vessels, specifically targeting tankers linked to Russia’s hard-to-trace oil fleet.

European Energy launches e-methanol production and posts strong results

European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.

CIP sells 25% stake in offshore wind project in the Philippines to ACEN

Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
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LONGi signs 102MW deal to equip public infrastructure in Finland

Chinese group LONGi has signed a 102MW supply contract for Hi-MO X10 back contact solar modules with a Finnish energy company, marking a step in its Northern European expansion.

Sungrow installs 60MWh battery in Finland near the Arctic Circle

Chinese provider Sungrow has completed a 60MWh energy storage installation in Simo, less than 100 kilometres from the Arctic Circle, marking a strategic step for the stability of Finland’s power grid.