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Naked Energy expands solar thermal operations to Spain and Portugal
British company Naked Energy is accelerating its international expansion with a new office in Madrid to deploy its solar thermal technology in the industrially promising Iberian market.
Rondo Energy to deploy 100 MWh heat battery for HEINEKEN in Portugal
HEINEKEN, EDP, and Rondo Energy are deploying a 100 MWh industrial heat battery in Lisbon, providing renewable steam 24/7 using on-site solar power and the grid.

Galp Energia posts 53% quarterly profit surge driven by gas and refining

Portugal’s Galp Energia reported an adjusted net profit of €407 million in Q3, driven by higher refining margins and strong contribution from liquefied natural gas.
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Galp aims to secure partner for Namibia’s Mopane field by end of 2025
Portuguese energy group Galp plans to finalise a strategic partnership for its offshore oil project Mopane in Namibia before the end of the year.
EDP deploys 10 MWc solar park in Italy combined with livestock activity
EDP has commissioned a solar power plant in Salerno integrating livestock farming, with a capacity of 10 MWc and an annual output of 17 GWh, marking the launch of a hybrid model to be replicated in France and Germany.

EDP secures Australian contracts for 1.7 GW solar and battery projects

EDP will accelerate two major solar projects in Australia after securing government-backed contracts under the Capacity Investment Scheme.
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Venture Global sinks 20% after legal defeat to BP over LNG contract dispute
US LNG producer Venture Global saw its market value drop sharply after an arbitral ruling in favour of BP reignited concerns over ongoing contractual disputes tied to the Calcasieu Pass project.
April blackout in Spain and Portugal caused by unprecedented power surge
The blackout that hit the Iberian Peninsula in April originated from a series of unprecedented surges. The European report points to a sequence of technical failures but does not yet identify a primary cause.

Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank

Iberdrola strengthens its partnership with Norges Bank Investment Management by adding two Spanish photovoltaic plants, raising joint operational capacity to 900 MW.
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France, Spain and Portugal seek to speed up electricity interconnectors
The three countries will hold a meeting in October to unlock interconnector projects, following a major blackout that exposed the fragility of the Iberian Peninsula’s electricity integration.
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.

EDP sells 121 MW wind portfolio to Amundi for €200mn

EDP Renováveis has completed the sale of twelve operational wind farms in France and Belgium to Amundi Transition Energétique for an enterprise value of €200mn ($215mn).
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Petrobras takes 27.5% stake in Block 4 offshore São Tomé with Shell and Galp
The Brazilian company expands its African footprint with a new offshore exploration stake, partnering with Shell and Galp to develop São Tomé and Príncipe’s Block 4.
European Union targets eight bottlenecks to secure its power grid
The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.

Spanish operators warn of saturation in national power grid

Spanish electricity companies call for urgent reinforcement of investments after finding more than 80% of the transmission grid is saturated.
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Savannah postpones Portugal lithium mine startup to 2028
The Barroso project, considered strategic for the European Union, faces a new delay due to administrative setbacks involving a pending land easement approval.
Five new projects obtain CB RES status and join the Commission list
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.

Energiekontor issues a €15 million green bond for its European projects

Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
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Eco Wave Power Expands Global Presence Despite Rising Mid-Year Losses
With active projects across four continents and strong liquidity, Eco Wave Power accelerates its expansion strategy while absorbing a rise in operational costs in H1 2025.
Eco Wave Power completes installation of pilot project at the Port of Los Angeles
Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.
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South Korea under pressure from the IEA to liberalise its electricity market
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
KEPCO and ENEC strengthen alliance on nuclear and artificial intelligence
Iberdrola sells 757 MW of French onshore assets to Technique Solaire
EIB funds €1.6bn for the submarine interconnection between France and Spain
The European Investment Bank is providing €1.6bn ($1.73bn) for the first submarine power cable between Spain and France, a 400 km link that will raise exchange capacity to 5 000 MW by 2028.
Greenvolt sells 231 MW of energy projects in Spain to Transiziona for €195mn
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.

Galp targets 40% increase in oil production in Brazil

Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
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Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
Madrid and Lisbon ask Brussels to accelerate electrical interconnection projects
Following the major electrical outage in April, the Spanish and Portuguese governments are urging the European Commission to expedite infrastructure development for electrical interconnections between the Iberian Peninsula and the broader European grid, currently considered insufficient.

No cyberattack detected after massive power outage in Spain

The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
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Spain investigates blackout that removed 15 GW in five seconds
Spain’s competition authority has launched its own investigation into the April 28 power outage, joining ongoing inquiries into an incident that disrupted 60% of the country's electricity consumption.
EDP reports €428mn quarterly net profit driven by strategic positioning
Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.

Eco Wave Power reduces losses and expands wave energy projects across four continents

Eco Wave Power reduced its net loss by 4.2% in Q1 2025 and secured new agreements in the United States, Portugal, India, and Taiwan, continuing its global expansion in wave energy.
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The Iberian blackout reignites tensions over grid adaptation to renewables
RTE states that no evidence currently links the Iberian blackout to renewable energy sources, as a European investigation begins and interconnections emerge as a strategic issue.
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.

Massive power outage in Spain reignites questions over energy mix

Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
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France: Bayrou delays publication of energy decree amid political pressure
François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.
The wind shifts: Chinese OEMs struggle to gain traction in the European market
Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.

Galp invests €295mn in Namibia, Brazil and Portugal despite profit decline

Galp recorded a net profit of €192mn in the first quarter of 2025, down 41% year-on-year, while ramping up investments in oil exploration and renewable energy projects in Namibia, Brazil and Portugal.
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TSG strengthens its European network with two acquisitions in solar and electrical sectors
TSG has completed the acquisition of Leirivolt in Portugal and Kronenburg Techniek in the Netherlands, consolidating its expansion strategy in intelligent energy services across Europe.
NGOs call for global ban on offshore oil exploration
Over 100 international organisations are urging a halt to offshore oil and gas exploration ahead of the United Nations Ocean Conference scheduled in June in Nice.

North Sea collision: an oil tanker and a cargo ship involved, 32 injured

A collision between the oil tanker Stena Immaculate and the cargo ship Solong off the coast of Yorkshire caused a fire and injured 32 crew members, who were evacuated to Grimsby. An environmental risk assessment is underway.
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Velto Renewables and Q ENERGY join forces to acquire 530 MW in Europe
Velto Renewables, backed by Caisse de dépôt et placement du Québec (CDPQ), and Q ENERGY have signed an agreement to acquire renewable energy projects in Europe. An initial portfolio of 130 MW has been acquired in France, with an additional 400 MW planned in Spain and Portugal.
Eco Wave Power Reports Improved Financial Performance and Significant Progress in Global Projects
Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.
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