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Portugal

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
AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
KEPCO and ENEC strengthen alliance on nuclear and artificial intelligence
Iberdrola sells 757 MW of French onshore assets to Technique Solaire
Galp’s New Drilling Campaign: A Bold Bet in Namibia’s Orange Basin
Galp has launched a new drilling phase to assess the potential of Mopane, off the coast of Namibia, marking a turning point for the development of what could become the country’s largest oil discovery.
A strategic partnership for offshore wind energy in Brazil
Eletrobras and Ocean Winds have signed an agreement to explore the potential of offshore wind energy in Brazil, aiming to develop this new renewable energy source to meet the growing demand for clean energy.

Failure of the EDP-SSE Merger: A Strategic Shift in the Energy Sector

The attempted merger between EDP and SSE, aimed at creating a utility giant in Europe, did not come to fruition. This failure reveals crucial strategic issues and influences the European energy landscape in the midst of a transition towards renewables.
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Supermajors Vie for Stake in Galp’s Massive Mopane Oil Discovery in Namibia
The world's largest oil companies are competing to secure a share of Galp's significant Mopane oil discovery in Namibia's Orange Basin, estimated at 10 billion barrels of oil equivalent.
Benbros Energy Withdraws from EU Green Hydrogen Grant Agreement Process
Benbros Energy, initially selected for a European Union subsidy aimed at promoting green hydrogen, has announced its withdrawal from the grant agreement process, leaving six other companies to continue funding.

Eco Wave Power Partners with Lian Tat for an Innovative Marine Energy Project in Taiwan

Eco Wave Power and Lian Tat Sign a Historic Agreement to Develop the First Onshore Marine Energy Installation in Asia, Starting with a 100KW Pilot Project in Taiwan.
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Akuo launches one of the largest solar plants in Portugal with 181 MW capacity
Akuo inaugurates the Santas solar power plant, one of the largest in Portugal, with 181 MWp capacity, supplying more than 100,000 households and reducing CO2 emissions by 70,000 tons per year.
Masdar strengthens its position in Iberia with major renewable energy acquisitions
Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.

Masdar acquires Saeta for USD 1.4 billion and strengthens its presence in Europe

Masdar announces the acquisition of Saeta for USD 1.4 billion, including 745 MW of wind power assets and 1.6 GW of projects under development. This transaction strengthens Masdar's position in the Iberian market.
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EIB finances 17 solar power plants in Southern Europe with a €166 million loan
The European Investment Bank (EIB) is financing 17 new solar power plants in Spain, Italy and Portugal, with the aim of boosting energy security and reducing Europe's dependence on imported fossil fuels.
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Eurowind Energy signs agreement for 11 solar projects in Portugal
Eurowind Energy signs an agreement to acquire 11 photovoltaic projects of 5 MW each in Portugal. These projects, located in the Aveiro district, are intended to almost double the company's photovoltaic capacity in the country.
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ExxonMobil withdraws from acquisition of Galp Energia’s Namibian oil block

ExxonMobil abandons its plan to buy 40% of the Mopane offshore field in Namibia from Galp Energia, leaving other companies in the running for this strategic stake.
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Greenvolt sells 153 MWp of solar projects in Italy to Nuveen Infrastructure
Greenvolt sells 19 solar projects in Italy, totaling 153 MWp, to Nuveen Infrastructure for €18.7 million, as part of its asset transfer strategy.
EDP installs 103 MW of hybrid capacity in Spain
EDP deploys three wind-solar hybrid farms in Spain, totalling 103 MW, illustrating its leading role in energy innovation.

Global offshore wind power on course for 520 GW by 2040, with Europe in the lead

The offshore wind sector is on course to exceed 520 GW of installed capacity by 2040, despite logistical challenges, with a strong concentration in Europe thanks to floating wind.
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Portugal significantly reduces its dependence on fossil fuels
Portugal reached a historic milestone in 2024, reducing the share of fossil fuels to 10% of its electricity production. This result places the country among the European leaders in energy transition.
Cepsa sells its liquefied gas division to Empresas Copec for 275 million euros
Cepsa announces the sale of its liquefied gas division in Spain and Portugal to Empresas Copec for 275 million euros, continuing its strategy of refocusing on low-carbon energies.
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Tokyo Gas Invests in WindFloat Atlantic Floating Wind Farm

Tokyo Gas strengthens its collaboration with Ocean Winds by investing in the WindFloat Atlantic floating offshore wind project in Portugal, marking its first direct foray into this sector abroad.
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Eco Wave Power launches Porto’s first industrial wave energy project
Eco Wave Power inaugurates its first wave energy project in Porto, Portugal, marking a milestone for renewable energies with the forthcoming opening of an underwater museum dedicated to this technology.
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Accenture strengthens its net-zero infrastructure projects with BOSLAN
Accenture acquires BOSLAN to optimize net-zero infrastructure investments, strengthening its engineering project management capabilities for the global energy transition.
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