Finland

Volkswagen secures 400 GWh of Guarantees of Origin from Enfinity in Italy

Enfinity Global has signed a ten-year agreement with VW Kraftwerk GmbH for the annual supply of 40 GWh of Guarantees of Origin from its photovoltaic power plants in Italy.

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.

G7 launches an alliance to secure critical minerals outside China

Energy ministers coordinate investment and traceability to curb China’s dominance in mineral refining and stabilize supply chains vital to electronics, defense, and energy under a common G7 framework.
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Global petrochemicals market to reach $794 billion by 2034

Driven by industrial demand and production innovations, the global petrochemicals market is projected to grow by 5.5% annually until 2034, reaching a valuation of $794 billion.

Germany moves to ease grid regulation to attract infrastructure investors

The German regulator is preparing a reform favourable to grid operators, aiming to adjust returns and efficiency rules from 2028 for gas pipelines and 2029 for electricity networks.

Washington temporarily authorises operations linked to Rosneft’s German assets

The United States has issued a general license allowing transactions with two German subsidiaries of Rosneft, giving Berlin until April 2026 to resolve their ownership status.
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Nordex raises full-year EBITDA margin guidance after strong third quarter results

Driven by solid operational performance, Nordex has raised its 2025 EBITDA margin forecast to 7.5–8.5%, up from the previous 5–7%, following a significant improvement in preliminary third-quarter results.

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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Jordan prepares three major energy projects with German support

Amman plans to launch tenders for 400 megawatts of solar, wind and storage projects, as part of a strengthened bilateral energy cooperation with Germany.

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.

Chevron and Helleniq Energy secure four offshore exploration permits in Greece

The Greek government has selected a consortium led by Chevron to explore hydrocarbons in four maritime zones in the Ionian Sea and south of Crete, with geophysical surveys scheduled to begin in 2026.
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OPES Solar Mobility opens a solar panel factory for vehicles in Germany

OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.

Italian court reviews extradition of Ukrainian suspect in Nord Stream sabotage

A former Ukrainian soldier accused of taking part in the 2022 sabotage of the Nord Stream pipeline is at the centre of a contested extradition process between Italy and Germany, revived by a ruling from Italy’s Court of Cassation.

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.
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Energyminer receives approval for floating hydroelectric park on the Rhine

Energyminer begins installation of 124 floating generators on the Rhine in St. Goar, marking the first official permit for a large-scale hydrokinetic park in Germany.

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.

Janta Power raises $5.5mn to deploy 3D solar towers on industrial sites

US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.
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Plug secures new 35-tonne hydrogen delivery for H2CAST project in Germany

Plug completed the first delivery of 44.5 tonnes of hydrogen for the H2CAST project in Germany and secured a new contract for an additional 35 tonnes, confirming its logistical capabilities in the European market.

No evidence of manipulation found in Germany’s late 2024 electricity price surge

German authorities have ruled out market abuse by major power producers during sharp price increases caused by low renewable output in late 2024.

UN sanctions on Iran reactivated, increased pressure on trade

The activation of the snapback mechanism reinstates all UN sanctions on Iran, directly affecting the defence, financial and maritime trade sectors.

RWE completes foundation installation at Thor offshore wind farm

RWE has finalised the installation of all 72 monopiles at the 1.1 GW Thor offshore wind farm off the Danish coast, marking a key milestone ahead of secondary structure and turbine installation scheduled for 2026.

H2med Alliance expands to 49 members with reinforced political support

Meeting in Berlin, the H2med Alliance formalised the integration of 40 new industrial members and received increased government backing to accelerate the development of Europe's hydrogen corridor.
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EU allocates EUR76.3mn to support three cross-border energy projects

The European Commission allocates EUR76.3mn ($80.63mn) to three projects aiming to strengthen energy interconnections between Member States, focusing on onshore and offshore wind power and decarbonised district heating.

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.

376 wind projects secure 3.45 GW in Germany’s 1 August tender

The Bundesnetzagentur awarded 376 projects totalling 3.45 GW, with a weighted average price of 6.57 cents per kilowatt-hour, without reducing the volume despite an undersubscription risk.
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Tehran faces heavy sanctions 48 hours before nuclear deal expiration

Iran has less than two days to avoid the reinstatement of United Nations sanctions, as Europeans and the United States deem its nuclear commitments insufficient.

TotalEnergies invests €4.5bn in offshore wind farm off the coast of Normandy

TotalEnergies and RWE secure the Centre Manche 2 contract, France’s largest offshore wind project to date, with an estimated investment of €4.5bn ($4.82bn).

TenneT secures equity funding for Germany via three European investors

TenneT Holding has reached an agreement with APG, GIC and NBIM to finance the expansion of the German high-voltage grid, securing its capital needs for the coming years.
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BayWa r.e. commissions 47 MWp solar park in France for Commerz Real

The Amance solar park, now owned by Commerz Real’s Klimavest fund, has entered production with a capacity of 47 MWp, confirming the investor’s strategy in the French market.

Vattenfall commissions 76 MWc agri-photovoltaic park in Germany

Swedish group Vattenfall has started operating the Tützpatz agri-photovoltaic park, Germany’s largest installation of this kind, with a ten-year power supply contract signed with Deutsche Telekom.

European and Iranian ministers meet in New York to avoid return of sanctions

European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.
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Hydrogen fuel cell market to reach $42.3bn by 2035 with 20% growth

Driven by technological advances and supportive policies, the global hydrogen fuel cell market is rapidly expanding, with a projected valuation of $42.3bn by 2035.

Palladio Partners and Voltfang to invest EUR250mn in energy storage by 2029

Palladio Partners and Voltfang join forces to deploy large-scale energy storage systems in Germany, targeting EUR250mn ($267mn) in investments by the end of 2029.

Lhyfe becomes Europe’s first RFNBO hydrogen producer with 21 MW certified

With four sites now RFNBO certified in France and Germany, Lhyfe reaches 21 MW of installed capacity, strengthening its position as a European leader in renewable hydrogen production through water electrolysis.
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Factor2 Energy raises $9.1mn to industrialise geothermal power from stored CO₂

German start-up Factor2 Energy has raised $9.1mn in venture capital to develop a geothermal system based on CO₂ injected into porous geological formations, with the goal of building a pilot power plant in Germany.

Trump urges NATO to halt all Russian oil purchases by member states

The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.

EVE Energy connects the world’s first 400MWh energy storage project to the grid

EVE Energy has commissioned in China a 400MWh energy storage system based on 628Ah cells, a world first that paves the way for large-scale industrialisation of ultra-high-capacity batteries.
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Germany launches two new phases of the €10bn SuedLink project

The SuedLink underground cable project, estimated at €10bn ($10.66bn), enters an active phase with the launch of two additional sections in Hesse and Lower Saxony.

Iran withdraws nuclear resolution under US financial pressure

Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.