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ABO Energy cuts costs and accelerates wind project sales
ABO Energy maintains its annual targets despite a drop in half-year profit, relying on cost-cutting measures and early project sales to secure cash flow.
Global renewable energy investments reach $386 billion in first half
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.

Metacon confirms partial delivery and receives EUR 14.9 million

Metacon receives EUR 14.9 million from Motor Oil Hellas for the approved delivery of ten electrolysis units, marking the first stage of a strategic industrial project in Greece.
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The United States Sanctions Greek Shipper for Iranian Oil Trafficking
Washington increases pressure on Iran’s oil sector by sanctioning a Greek shipper and its affiliates, accused of facilitating crude exports to Asia despite existing embargoes.
The Alexandroupolis FSRU Restarts at Reduced Capacity in a Reshaping Regional Market
After a prolonged technical shutdown, the Greek floating terminal resumes operations at 25% capacity, with near-saturated reserved capacity and an expanded role in exports to Southeast Europe.

METLEN Energy & Metals enters London Stock Exchange after successful share offer

METLEN Energy & Metals makes its debut on the London Stock Exchange after a share exchange offer accepted by more than 90% of shareholders, opening a new phase of international growth.
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Greece’s wind capacity surpasses 5.5 GW as growth rate doubles
Greece’s wind sector reaches a new milestone with 5.5 GW installed, driven by 37 new turbines and €180 mn in investments during the first half of 2025, according to ELETAEN.
Solar energy becomes EU’s leading electricity source in June 2025
Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.

Floating nuclear power plants evaluated to supply Mediterranean regions

The American Bureau of Shipping and two nuclear sector companies are studying the potential deployment of floating nuclear power plants to meet the energy needs of island and coastal regions in the Mediterranean, notably via electricity and desalination.
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ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Greece Considers Modular Reactors to Decarbonize its Maritime Industry
Greek Prime Minister Kyriakos Mitsotakis has announced his country's interest in small modular nuclear reactors to meet national energy challenges and decarbonize the maritime sector within the next fifteen years.

Libya Denounces Greek Oil Exploration off the Coast of Crete

Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
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VALOREM deploys 27 MW wind farm in Greece and plans 515 MW of new projects
French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.
Greece completes €1.1bn subsea interconnection between Crete and Attica
IPTO finalises a 1,000 MW strategic project linking Crete to the mainland, with commissioning expected by the end of May according to the latest statements from the transmission operator.

Serbia negotiates renewal of gas contract with Russia ahead of expiration

Belgrade aims to retain favourable pricing terms for Russian gas imports as the current contract nears its May 31 deadline.
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The €4.2bn electricity project between Egypt and Greece takes shape
The Gregy-Elica submarine interconnection aims to deliver green electricity from Egypt to Greece, with confirmed support from the European Union and strengthened bilateral commitments.
Axpo and EDF Renewables sign a short-term PPA for two solar plants in Greece
Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement for the output of two solar plants in Greece, with a total capacity of 102 megawatts.

Greece establishes strategic map to regulate the exploitation of its maritime space

The Greek government formalises maritime zone planning to optimise resource exploitation, particularly in the energy sector, under European and international legal frameworks.
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Europe contracts 19 GW of renewable capacity via PPAs in 2024
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
RWE and PPC approve €418mn investment for two solar projects in Greece
RWE and PPC are launching two photovoltaic projects in Central Macedonia totalling 567 MWp, with an investment of €418mn, including €175mn from the European recovery plan.
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ScottishPower halts green hydrogen projects despite public funding
United States clears Rio Grande and Commonwealth LNG toward final decisions
Colombia: Petro blocks coal to Israel in a political showdown
Egypt commits $343mn to new gas drilling to support supply
Political crisis in France: energy roadmap threatened by new delay
Europe faces falling LNG imports
LNG reshipment levels from European hubs reached their lowest level for seven months, reflecting weak demand and strong competition with Asia for liquefied natural gas supplies.
Baisse Importations GNL Europe
FRV launches 600MW photovoltaic projects in Finland
FRV joins forces with Will & Must to develop 600MW of photovoltaic projects in Finland, marking a first foray into the Nordic countries for this leading renewable energy company.

Bulgargaz: Botas wins contract to supply LNG to Turkey

Bulgarian Energy Minister Vladimir Malinov has announced that Botas, the Turkish state gas importer, has won Bulgargaz's tender to deliver LNG to Turkey in June, resulting in substantial savings.
Appel d'offres sur le GNL en Bulgarie remportée par Botas.
Russian gas pipeline: reduced flows to Europe in April
In April, Russian gas flows to Europe declined, with a notable reduction via the TurkStream pipeline.
Flux Gaziers Russes Réduits
Eurobank and Greek government finance Enipeas solar project
As part of the "Greece 2.0" national recovery plan, Eurobank and the Greek government are providing financial support for Lightsource bp's Enipeas project.
Eurobank Grèce projet solaire

Historic recession in Greek LNG imports

For the first time in five years, Greece did not import any LNG in April, as regional prices made the option unprofitable.
L'arrêt des importations de GNL en Grèce en avril, révélant l'impact des coûts élevés et la préférence pour le gaz de pipeline.
Renewable energy booms in Italy in March
In March, Italian renewable energy production jumped by 29%, accounting for 52% of total domestic supply.
PPC Group-MYTILINEOS agreement for 2000 MW of solar projects in Europe
PPC Group and MYTILINEOS sign an agreement to develop up to 2,000 MW of solar projects in Italy, Bulgaria, Croatia and Romania, valued at 2 billion euros.
Accord PPC MYTILINEOS solaire

China “very concerned” about EU investigation into its wind turbine manufacturers

China expresses concern at EU measures to investigate its wind turbine manufacturers for anti-competitive practices.
Chine critique enquête UE subventions
EU launches anti-subsidy investigation against China for wind energy
Margrethe Vestager announces an EU investigation into Chinese wind turbine manufacturers, suspected of distorting competition in Europe.
UE Enquête Subventions éolien Chine
Energiequelle sets up in Greece
Energiequelle opens a branch in Athens, marking its entry into the Greek renewable energy market.
Energiequelle implantation Grèce

Greece: MYTILINEOS and KARATZIS SA sign solar agreement

MYTILINEOS Energy & Metals and KARATZIS SA join forces to develop a 262 MW solar infrastructure to meet the energy needs of thousands of Greek households.
Accord solaire MYTILINEOS KARATZIS Grèce
Poland: VALOREM and T&T PROENERGY sign solar partnership agreement
The strategic partnership between VALOREM and T&T PROENERGY aims to develop over 300 MW of photovoltaic projects in Poland.
Partenariat VALOREM T&T Solaire Pologne
ISB invests €400 million in MYTILINEOS
The European Investment Bank (EIB) commits 400 million euros to support MYTILINEOS in the accelerated development of renewable energy in Greece and the EU.

TAQA and Cyprus on the road to a New Energy Era in the Mediterranean

TAQA signs a Memorandum of Understanding with Cyprus and Greece, marking a strategic turning point in energy interconnection and the green transition in the Eastern Mediterranean.
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VALOREM and T&T PROENERGY: Strategic Alliance for Solar Energy in Poland
VALOREM, in collaboration with T&T PROENERGY, is launching an ambitious 300 MW solar photovoltaic project in Poland, marking a significant step forward in Europe's renewable energy sector.
Sunlight Group acquires 100% of Triathlon Holding
Sunlight Group takes a decisive step in its global expansion by acquiring 100% of Triathlon Holding GmbH. This consolidation will strengthen the company's leading position in industrial mobility batteries and renewable energy storage, opening up new opportunities for innovation and growth.
Sunlight Group

Helleniq Energy close to closing green hydrogen investment

Helleniq Energy, Greece's largest oil refinery, is taking a decisive step in its transition to cleaner energy. The company is preparing to invest in green hydrogen and is also evaluating the possibility of adopting blue hydrogen to reduce its carbon footprint.
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Enel Green Power Hellas: a new acquisition for Macquarie
Enel is expected to sell about 50% of its Greek renewable energy subsidiary, Enel Green Power Hellas, to Macquarie by May, as part of its strategy to reduce debt and streamline international operations.
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.
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