Norway

The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Vattenfall commits new investment to the Clashindarroch II onshore wind project, a 63MW site in Scotland set to begin construction in 2026 and deliver first power in 2027.

Fidra Energy secures £445mn for 3.1 GWh energy storage project

Scottish developer Fidra Energy reaches financial close on its Thorpe Marsh site, with equity funding led by EIG and the UK’s National Wealth Fund, marking a significant step in the UK’s energy storage sector.
en_1140100935540
A partnership between AquaVentus and Hydrogen Scotland aims to connect Scottish offshore wind farms to a cross-border green hydrogen production and export infrastructure in the North Sea.
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.

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.
en_1140909259540
Spanish group Qualitas Energy inaugurated the Three Maids facility near Winchester, an anaerobic digestion plant able to produce 120 GWh of biomethane annually from agricultural waste.
Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.

Van Oord completes installation of 109 cables at Sofia offshore wind farm

Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
en_1140909271540
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.
Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.

Iran seeks to revive oil production amid threat of renewed sanctions

Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
en_114080920261540
The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
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.

Italy faces ten-year delay on EU climate targets

A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
en_114070920262540
NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
The success of SGN’s test on a gas pipeline converted to hydrogen confirms Terra Firma Energy’s technological choices, with sites already equipped to accommodate this type of energy investment.

European Union redefines import rules for UK oil and gas

The European Union’s new import standard forces the United Kingdom to make major adjustments to its oil and gas exports, impacting competitiveness and trade flows between the two markets.
en_11405092940540
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.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
The British company First Light Fusion announces a major strategic shift: it will now focus on commercial partnerships for its amplification technologies, abandoning its nuclear fusion power plant project.
Manufacturer HRS has signed a contract to provide a hydrogen refuelling station with a capacity of 4 tonnes per day, designed for public transport. This project will mark a first in Europe for infrastructure of this scale.

Global offshore wind industry set to reach record 19 GW of additions in 2025

The global offshore wind industry is expected to see a rebound in 2025, with capacity additions reaching 19 GW and total projected investments of $80 billion, according to Rystad Energy's forecasts.
en_1140290959540-2
EU carbon permit prices declined at the end of February, influenced by market developments in gas and investor adjustments. Brussels' proposal concerning the CBAM has so far had little impact on market prices.
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.

Italy considers nuclear revival to strengthen energy security

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.
en_1140290957540
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 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.
en_1140290958540
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 posts record profit of €5.61 billion in 2024

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.
en_1140290946540-18
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.

Eni signs strategic agreements with Emirati firms in data centres, electrical interconnections, and critical minerals

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.
en_1140290956540-17
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.

BP revises its strategy, market expects a return to hydrocarbons

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.
en_1140290953540-17
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.