BayWa r.e. continues its strategic transformation with the sale of 2.2 GW of projects, a withdrawal from Asian markets, internal reorganisation, and a rebranding planned for 2026.
CB&I acquires Petrofac's Asset Solutions division, targeting revenue diversification and geographic expansion, with nearly 3,000 new employees expected to join the group.
Videberg Kraft AB becomes the first company to request government support to build two new reactors at the Ringhals site, under the national nuclear investment framework adopted in 2025.
Matrix Renewables has signed a turnkey agreement with Tesla to develop a 1 GWh battery energy storage system in Scotland, marking its first standalone project of this kind in the UK.
Swedish group Orrön Energy is selling a portfolio of development-stage solar projects to Gülermak for up to €14mn, including an initial €0.7mn payment and additional milestone-based consideration.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.
Baghdad states that all international companies operating in Kurdistan’s oil fields must transfer their production to state marketer SOMO, under the agreement signed with Erbil in September.
Subsea 7 has secured a new extension of its frame agreement with Equinor for subsea inspection, maintenance and repair services through 2027, deploying the Seven Viking vessel on the Norwegian Continental Shelf.
Lhyfe aims to double its revenue next year, refocuses industrial priorities and plans a 30% cost reduction starting in 2026 to accelerate profitability.
UK-based manufacturer Awendio Solaris plans to build a 2.5 GW solar industrial platform, expandable to 5 GW, in Quebec, targeting North American markets with a 100% regional supply chain.
French nuclear reactor developer Newcleo has submitted its lead-cooled small modular reactor design to Euratom, initiating the first regulatory phase to integrate nuclear non-proliferation safeguards at the European level.
Brussels confirmed that the United Kingdom will not be exempted from the carbon border levy until both carbon markets are connected, delaying a possible exemption by at least one year.
EDF Power Solutions UK has appointed METLEN to lead engineering and construction for the 400MW Longfield solar farm in Essex, with commissioning scheduled for 2030.
British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
Masdar begins commercial operations at a Stockport battery storage unit and announces two more UK projects, part of a £1bn ($1.25bn) plan for 3GWh of BESS capacity.
The Industrikraft consortium will invest SEK400mn ($42.2mn) to become a shareholder in Videberg Kraft, marking a new phase in Sweden’s nuclear project led by Vattenfall on the Värö Peninsula.
GreenH launches construction of three green hydrogen projects in Bodø, Kristiansund and Slagentangen, backed by NOK391mn ($35.86mn) in public funding, aiming to strengthen decarbonised maritime supply along Norway’s coast.
Nel ASA becomes technology provider for the Enova-supported hydrogen sites in Kristiansund and Slagentangen, with a combined minimum capacity of 20 MW.
Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
Siemens Energy has signed an agreement with Rolls-Royce to supply equipment for its modular nuclear reactors. The deal, which could be finalised by the end of 2025, includes steam turbines and generators.
After decades of resistance, Italy reopens the debate on nuclear energy to address its energy challenges. Giorgia Meloni’s government proposes a reactivation, but many obstacles remain.
Boralex reported financial results for 2024 marked by lower production due to adverse weather conditions but maintains a strong financial position thanks to record financing and the progression of its renewable energy projects.
Despite a drop in its profits in 2024, Eni confirms its strategy of energy transition and shareholder remuneration. The company plans significant investments in renewable energy and biofuel production.
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.
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.
In 2024, Technip Energies posted a significant increase in net profit, supported by liquefied natural gas (LNG) markets and decarbonised electricity production. The French group anticipates strong prospects for 2025.
Iberdrola achieved a record net profit of €5.61 billion in 2024, a 17% increase over 2022, driven by asset sales and increased investment in renewable energy.
Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.
RWE has inaugurated an 8.3 MW solar plant in Partinico, Sicily, capable of supplying electricity to 7,000 Italian households. This project marks the company’s entry into the Italian solar market.
During the state visit of the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, Eni signed three collaboration agreements with Emirati companies, focusing on data centre development, the electricity interconnection between Albania and Italy, and research on critical minerals.
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.
The latest tax increases on oil companies in the North Sea are causing concern among several industrial players, who fear a decline in investment and production, while the government extends the exceptional taxation until 2030.
British oil giant BP will present a strategic revision on Wednesday, marked by a shift back to fossil fuels and a reduction in renewable energy investments, following a sharp decline in net profit last year.
The UK energy regulator, Ofgem, announces a 6.4% increase in household energy bills from April 1, attributed to the volatility of gas prices in international markets.
Uniper has begun construction of two solar farms in Staffordshire. These projects, with a combined capacity of 65 MWp, will provide renewable electricity to approximately 23,300 British households each year.
Delivery times and costs for essential components needed to expand power grids have nearly doubled since 2021, complicating the development of infrastructure required to meet growing energy demand.
The European gas market is experiencing a period of volatility in 2025, with prices reaching their highest level in two years, adding pressure on businesses, consumers, and governments.
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.
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.
