Portugal

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.

Exus Renewables secures key financing for Cibele solar plant in Portugal

Exus Renewables has secured financing for its 130MW Cibele solar plant in Portugal, with MUFG EMEA acting as sole lead arranger and exclusive financial partner.
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Forestalia signs 10-year contract with Galp to refinance wind farm

Forestalia has signed a ten-year power purchase agreement with Galp Energia Espana to refinance a 42.7 MW wind farm in Aragon, securing stable revenues through coverage of 65% of its annual production.

Audax Renovables invests EUR17mn in a 21.88 MWp photovoltaic plant in Spain

Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.