Lituania

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.

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.

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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Baltic Storage Platform secures €85.6mn for large-scale battery project in Estonia

Baltic Storage Platform secures a record €85.6mn ($90.6mn) to develop two battery energy storage sites in Estonia, marking the first such financing in the Baltics based solely on storage revenue streams.

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.

Baltic Storage Platform secures €85.6mn for dual battery project in Estonia

Joint venture Baltic Storage Platform has secured €85.6mn ($90.7mn) to build two energy storage systems in Estonia, forming one of continental Europe’s largest battery complexes.
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GreenYellow invests €100mn in Poland to strengthen its C&I portfolio

GreenYellow is expanding its presence in Poland with a €100mn ($106mn) investment plan to grow its photovoltaic capacity, develop energy storage, and deploy energy efficiency solutions for industrial and commercial businesses.

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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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.

Ignitis secures EUR 318 million to fund Kelmė wind farm in Lithuania

The Lithuanian energy group has signed a EUR 318 million financing agreement for its 314 MW wind project, the largest in the Baltic states.

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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Elogen and Rockfin sign agreement to produce green hydrogen in Central Europe

The partnership includes local manufacturing in Poland of electrolysis systems using Elogen’s technology, with deliveries targeting the Europe, Middle East and Africa markets.

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.

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.
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PGE takes full control of Poland’s second nuclear power plant project

PGE acquires ZE PAK's stake in the joint venture responsible for developing Poland’s second nuclear site, consolidating a strategic asset within its energy portfolio.

Vestas suspends wind turbine plant project in Poland amid market weakness

Danish manufacturer Vestas has paused construction of its planned facility in Poland, originally set for 2026, citing weaker-than-expected European offshore wind demand.

United States secures postponement of carbon tax vote at the IMO

Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
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Lyten restarts BESS production in Gdańsk after acquiring Northvolt facility

Lyten has completed the acquisition of the Northvolt Dwa site in Poland, Europe’s largest energy storage system factory, and plans to deliver its first commercial units before the end of 2025.

Taaleri Energia invests in a 112 MW wind farm in Latvia

Taaleri Energia’s SolarWind III Fund partners with Lords LB Asset Management to develop a 112 MW onshore wind project in Smiltene, scheduled for commissioning in early 2027.

China and the United States improve their energy performance in an unstable global context

While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.

Finland: TES and CPC launch 500 MW e-NG project

Tree Energy Solutions and CPC Finland will produce 125,000 tonnes annually of e-NG at the Finnish port of Rauma, targeting European and international markets with a significant investment.

Brussels expands subsidies for low-carbon technologies and nuclear power

The European Commission will extend until the end of 2030 an expanded state-aid framework, allowing capitals to fund low-carbon technologies and nuclear power to preserve competitiveness against China and the United States.
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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.

Statkraft reduces offshore wind investments following strategic review

Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.

ORLEN boosts LPG import capacity with major investment

ORLEN Paliwa has doubled storage capacities and increased annual LPG handling by 65% in Szczecin, now reaching 400,000 tonnes following an investment exceeding PLN 150 million ($36.5mn).
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Qair commissions 13.5 MW wind farm in Germany

Qair announces the commissioning of the 13.5 MW Altenschlag wind farm in Germany, capable of generating an estimated annual production of 28 million kWh and powering approximately 8,000 households.

ORLEN Group secures €382 million for its hydrogen projects

The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.

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.
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Stargate Hydrogen opens modular electrolyser factory in Estonia

Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.

EDF Renouvelables begins construction of Poland’s first large-scale energy storage battery

EDF Renouvelables has started building its first large-scale energy storage battery in Poland, a 50 MW project set to be operational by late 2025 in the Opole region.

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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France and Poland align on investment priorities in electricity networks

Paris and Warsaw held a bilateral workshop in Warsaw to strengthen coordination on electricity infrastructure investments and supply security under the Nancy Treaty.

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.

Grenergy to invest €3.5bn to strengthen its storage assets by 2027

Grenergy plans to invest €3.5bn ($3.79bn) to expand hybrid platforms and standalone batteries in Europe and Chile, targeting 18.8 GWh of storage capacity by the end of 2027.
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The European Union moves closer to 2030 energy targets, says Brussels

The European Commission states the Union is on track to cut emissions by 54% by 2030, following updated national plans.

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.
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TVA files first construction permit for BWRX-300 SMR in the United States

Tennessee Valley Authority becomes the first US public utility to apply for a permit to build a BWRX-300 small modular reactor, with site works anticipated as early as 2026 at Clinch River.

VALOREM launches citizen fundraising for €300mn wind farm in Finland

French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.