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NKT selected as preferred bidder for power cable project between Scotland and England

Danish manufacturer NKT has been chosen to supply a 525 kV high-voltage cable system for the Eastern Green Link 3 project connecting Scotland and England’s power grids.

Ørsted launches capital increase to fund Sunrise Wind and strengthen structure

Danish group Ørsted will raise new funds through a rights issue to strengthen its financial structure and cover needs linked to the full ownership of the Sunrise Wind project.

Two consortia submit applications for Utsira Nord floating wind tender

Norway has received two bids for offshore sites in the Utsira Nord zone, marking a key step in the country’s floating wind development.
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Statkraft sells 1.5 GWp portfolio in India to Serentica Renewables

Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.

Ineos pulls capital from the UK and commits £3bn investments in the US

Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.

Vantage Drilling signs 260-day contract for the Platinum Explorer

Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.
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BlueNord lowers Tyra production guidance for Q3 2025

Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.

Minesto launches microgrid project in the Faroe Islands with local integration

Sweden's Minesto begins a SEK25mn ($2.26mn) tidal microgrid project in the Faroe Islands, targeting integration with local applications such as electric vehicle charging and industrial processes.

UK prepares new oil tax regime to revive UKCS competitiveness

The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.
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Norway tests first commercial cargo flight with fully electric aircraft

An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.

Orsted sues Trump administration over halt of Revolution Wind project

Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.

Lyten restarts Northvolt operations in Sweden with former executive team

Following its acquisition of Northvolt’s assets, US-based Lyten has appointed several former executives of the Swedish battery maker to key roles to restart production in Europe.
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Denmark rejects again 37 offshore wind applications without tender

The Danish Energy Agency confirmed the rejection of 37 feasibility study permit applications, citing European Union state aid rules and lack of competition.

thyssenkrupp nucera acquires technology assets from Green Hydrogen Systems

thyssenkrupp nucera has completed the purchase of key assets from Green Hydrogen Systems, strengthening its position in pressurised alkaline electrolysis for industrial hydrogen production.

Scatec signs 15-year power purchase agreement for a solar plant in Colombia

Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
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OX2 appoints Matthias Taft as new CEO after Paul Stormoen’s departure

Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.

BW Offshore selected by Equinor for Bay du Nord FPSO development

BW Offshore has been chosen by Equinor to supply the FPSO unit for Canada’s Bay du Nord project, marking a key milestone in the advancement of this deepwater oil development.

Equinor injects up to $939mn to support Ørsted’s capital increase

Equinor confirms its participation in Ørsted’s capital increase, aiming to maintain its 10% stake and support the financial stability of the Danish group facing headwinds in offshore wind.
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Norway launches assessment process for two nuclear projects

Norwegian authorities begin the first regulatory phase for two modular nuclear reactor projects, marking a strategic step in the national review of the potential role of nuclear energy in the country’s power mix.

Eco Wave Power activates its first operational wave power station at the Port of Los Angeles

Swedish company Eco Wave Power has completed testing of its technology at the Port of Los Angeles, reaching a tangible milestone with the launch of its floaters to generate electricity from waves.
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Ørsted commissions its largest onshore wind project in Germany with Bahren West I

Ørsted has commissioned the 50.4 MW Bahren West I onshore wind farm in Germany, its largest project of this kind in the country. Construction of the 61.6 MW Bahren West II wind farm will start in May 2025, with completion expected by 2027.

Equinor starts gas production at Halten East in the Norwegian Sea

Equinor has begun gas production at Halten East, a NOK 9 billion project in the Norwegian Sea, two years after receiving approval from Norwegian authorities.

Chinese manufacturers dominate the global wind market in 2024

Goldwind, Envision, and MingYang secured the top three positions in the global wind turbine manufacturing market in 2024, driven by strong domestic demand in China. The decline in installations outside China further strengthened their dominance over Western competitors.
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Scatec and Egypt Aluminium sign agreement for 1.1 GW solar project in Egypt

Scatec ASA has signed a 25-year Power Purchase Agreement (PPA) with Egypt Aluminium to develop a 1.1 GW solar photovoltaic project coupled with a 100 MW/200 MWh battery energy storage system in Egypt, supported by a sovereign guarantee.

Samsung E&A acquires 9.1% of Nel ASA and signs a strategic agreement

Samsung E&A invests $33.2 mn in Nel ASA, becoming its largest individual shareholder. The strategic agreement aims to develop hydrogen plants integrating Nel’s electrolysers.

Northvolt bankruptcy: A major setback for the European battery industry

Swedish battery manufacturer Northvolt has filed for bankruptcy, citing financial difficulties exacerbated by market instability and rising costs. This bankruptcy raises questions about the viability of European battery production in the face of Asian competition.
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KHNP and Samsung C&T Form Strategic Alliance for International Nuclear Projects

KHNP and Samsung C&T have signed an agreement to collaborate on international nuclear projects, aiming to strengthen their global competitiveness, particularly in the rapidly growing Asia-Pacific market.

Modvion validates a wooden wind turbine tower for high-power turbines

Modvion has obtained TÃœV SÃœD certification for its wooden wind turbine tower, designed for a 6.4 MW onshore turbine. This validation enables the company to consider mass production and expand its offering in the European market.

Svea Solar secures land for 500 MW of solar parks in Sweden

Svea Solar has signed multiple land agreements to develop eight solar parks in Sweden, totaling a capacity of 500 MW. The projects will be spread across the central region and southern Norrland, with construction set to begin in 2026.
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Neoen maintains its 2025 targets despite an 87% drop in net profit in 2024

Renewable energy producer Neoen confirms its financial goals for 2025, despite a significant drop in net profit in 2024, mainly due to the high cost of its debt.

Eco Wave Power Reports Improved Financial Performance and Significant Progress in Global Projects

Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.

Mainstream Renewable Power appoints Morten Henriksen as CEO

Mainstream Renewable Power has announced the appointment of Morten Henriksen as CEO, effective from April 1, 2025, as part of its strategy to focus on cost reduction and expansion into three key markets.
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European oil majors slow down their energy transition

Several major European oil companies, including BP, are adjusting their climate strategies, reducing investments in renewable energy to focus on increasing oil and gas production in order to improve their profitability.

Copenhagen Infrastructure Partners acquires the Morecambe offshore wind project in the United Kingdom

Copenhagen Infrastructure Partners (CIP) has signed an agreement to acquire the 480 MW Morecambe offshore wind project, located off the coast of Lancashire, from COBRA Group and Flotation Energy.

Uniper reduces business risks and plans €2.6 billion payment

Uniper recorded adjusted EBITDA of €2.61 billion in 2024, significantly down from the previous year. The company has reduced its business risks, notably by terminating its gas supply contracts with Gazprom Export, and plans to make a €2.6 billion payment to the German state.
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Kärnfull Next selects Karlshamn for feasibility studies on small modular reactors

Kärnfull Next announced that it will conduct feasibility studies for the installation of small modular reactors (SMRs) in the municipality of Karlshamn, in Blekinge County, Sweden, as part of its Re:Firm South programme.

EU Nuclear Alliance calls for nuclear energy inclusion in Europe’s affordable energy plan

Eleven European countries urge the European Commission to include nuclear energy in the Affordable Energy Action Plan, aimed at reducing energy costs and enhancing the continent's energy security.

European Partnerships: Hexana, Tractebel, Blykalla, and Newcleo Accelerate Next-Generation Nuclear Reactor Development

Hexana and Tractebel form a strategic alliance to support the development of a sodium-cooled fast neutron reactor. Meanwhile, Blykalla and Newcleo collaborate on material research for lead-cooled reactors.
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The UK and Norway Strengthen Cooperation to Protect Submarine Infrastructure

Amid rising Russian threats, Norway and the UK will enhance their collaboration to safeguard their vital underwater infrastructure.

Kärnfull Next secures land rights for its small modular reactor project in Sweden

Kärnfull Next has secured land rights for its small modular reactor (SMR) project in Valdemarsvik, southeastern Sweden. This milestone marks a key step towards nuclear power generation in the region.
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