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Jinhong Gas invests in Spain with a strategic cryogenic unit
Chinese group Jinhong Gas finalises a new industrial investment in Spain, marking its first European establishment and strengthening its global strategy in the industrial gas sector.
BW Ideol secures up to €74mn for concrete floater plant in Fos-sur-Mer
The European Commission has selected BW Ideol’s Fos3F project for a grant of up to €74mn, targeting the construction of a concrete floater plant for floating wind turbines at the industrial site of Fos-sur-Mer.

TotalEnergies provides 610 GWh of renewable electricity to Data4 for its data centers in Spain

TotalEnergies has signed a ten-year agreement with Data4 to supply its Spanish data centers with renewable electricity, with a total volume of 610 GWh starting from January 2026. The agreement relies on a 30 MW capacity.
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CNAT requests a three-year extension for Almaraz I and II
Centrales Nucleares Almaraz-Trillo has officially requested the extension of operations for reactors Almaraz I and II until 2030, challenging the original timeline for the shutdown of Spain’s nuclear fleet.
EU bans Russian LNG, Arctic bottlenecks and clauses under strain
The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —

Siemens and RIC Energy join forces to accelerate renewable hydrogen in Spain

RIC Energy and Siemens have signed a strategic agreement to develop industrial projects in renewable hydrogen, sustainable aviation fuel, and green ammonia, focusing on two key sites in Spain.
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Repsol posts 34% profit drop over nine months despite UK operations
The Spanish oil group reported a net profit of €1.18bn over the first nine months of 2025, hit by unstable markets, falling oil prices and a merger that increased its debt.
TotalEnergies and Shell boost profits despite falling oil prices
Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.

Naturgy posts €1.67bn net profit and maintains full-year target

With a 5.6% increase in net profit over nine months, Naturgy expects to exceed €2bn in 2025, while launching a takeover bid for 10% of its capital and engaging in Spain’s nuclear debate.
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Iberdrola to pay €1.7bn interim dividend to shareholders in January
Iberdrola has confirmed a €0.25 per share interim dividend in January, totalling €1.7bn ($1.8bn), up 8.2% from the previous year.
Iberdrola installs its first offshore HVDC station in the United Kingdom
Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.

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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Voltalia posts 31% growth driven by booming services segment
Voltalia's Q3 2025 revenue rises to €164.7mn, fuelled by a sharp increase in services activity, while energy sales decline due to currency effects and lower prices.
Almaraz operators request extension beyond 2028
Endesa, Iberdrola and Naturgy have officially requested the Spanish government to delay the closure of the Almaraz nuclear power plant, originally scheduled for 2028, reigniting the debate on nuclear power's role in the national energy mix.

Altano Energy raises €81mn to develop five hybrid projects in Andalusia

Altano Energy secured €81mn ($85.7mn) to construct two onshore wind farms and three photovoltaic plants in southern Spain, reinforcing its multi-technology generation strategy.
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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.
Janta Power raises $5.5mn to deploy 3D solar towers on industrial sites
US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.

Spain burns more gas after its blackout

Increased reliance on combined-cycle plants after the April 28 blackout pushed gas use for electricity up by about 37%, bringing total demand to 267.6 TWh and strengthening flows to France.
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Floating solar market to hit $3.39bn by 2030 driven by land scarcity
The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.
Repsol deploys intelligent agent platform to automate workflows
Repsol has launched a pilot platform of AI multi-agents, developed with Accenture, to transform internal organisation and improve team productivity.
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Waga Energy secures $180mn funding to accelerate production in the United States
A €15mn solar farm and organic dairy project launched in Loiret
UK locks in oil windfall until 2030 with 78% tax pressure
China braces for record winter demand amid energy strain on coal, gas and UHV networks
Iraq launches joint investigation after drone attack on strategic Khor Mor gas site
Lightsource bp signs 10 power purchase agreements totalling 1.3 GW in 2024
Lightsource bp has signed 10 power purchase agreements in 2024, representing 1.3 gigawatts of capacity, spanning Europe, the Americas, and the Asia-Pacific region.
Naturgy sees its net profit drop by 4.3% in 2024 due to weak gas prices
Spanish energy group Naturgy reports a 4.3% decrease in net profit for 2024, impacted by weak gas prices, despite results surpassing initial expectations.

Siemens Gamesa invests €200 million in Le Havre to counter China

Siemens Gamesa announces a €200 million investment to expand its Le Havre factory. The goal: to produce longer and more powerful wind turbine blades to remain competitive against China, the global leader in the sector.
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France Becomes Europe’s Leading Hub for Russian LNG Despite Restrictions
France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.
Tesla secures a renewable energy supply contract with Zelestra in Spain
Tesla has signed a long-term power purchase agreement (PPA) with Zelestra, ensuring the supply of 130 GWh of solar energy per year. Three photovoltaic plants in Spain will provide this capacity, reinforcing the company's energy strategy.

Air Liquide secures 2,500 GWh of low-carbon electricity with record PPAs in 2024

Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
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France: Equinor and Danske fined €12 million: Companies challenge CRE’s decision
The French Energy Regulatory Commission (CRE) has imposed a €12 million fine on Equinor and Danske Commodities for market manipulation during gas transport auctions. Equinor disputes the decision and has announced its intention to appeal.
Synhelion Invests $1 Billion in Solar Fuels in Morocco
Swiss company Synhelion plans to invest $1 billion in a synthetic fuel production plant in Morocco. This project relies on an innovative solar technology and aims for an annual output of 100,000 tons, with financing combining equity and bank loans.

Amazon and Iberdrola strengthen their partnership with 476 MW of new contracts

Amazon and Iberdrola are expanding their energy partnership with the addition of 476 MW of new power purchase agreements (PPAs). These agreements span five countries and mark a first entry into Portugal, further consolidating their presence in the European market.
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GRTgaz becomes NaTran to mark its energy transition
GRTgaz renames itself NaTran to highlight its commitment to transforming its gas networks, aiming to become a key player in the transport of decarbonized gas by 2030. This change in identity accompanies an ambitious project to address energy and climate challenges.
Ecoplanta: Repsol’s Project Reaches Key Milestone for Methanol Production from Waste
Repsol has approved the final investment decision for the Ecoplanta project in Spain. This innovative project, utilizing Enerkem's technology, aims to convert non-recyclable municipal waste into methanol, marking a step towards industrial decarbonization.

Morocco: A €420 Million Project for a 990 MW Gas Power Plant

Morocco is investing in a 990 MW gas power plant, backed by local and international financing, to achieve strategic and economic objectives.
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Masdar increases its capacity to 51GW and energizes its global expansions
Masdar grows from 20GW to 51GW in a short period. This trajectory relies on solar, wind, and storage deployments backed by substantial financing, targeting a much higher goal in the medium term.
Masdar boosts its capacity to 51GW through strategic acquisitions.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.

Portugal welcomes Exus Renewables for a 130 MW solar project

Exus Renewables acquires the Cibele solar farm in Portugal, adding 130 MW to its European portfolio. This strategic transaction strengthens Portugal's solar ambitions and attracts international renewable energy investments.
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Bosnia and Herzegovina welcomes Arctech for a 125-megawatt solar project
Arctech, in collaboration with NORINCO International, will equip a 125 MW solar project in Bosnia and Herzegovina, reflecting the region's renewable energy ambitions.
The 3-Billion-Euro France-Spain Electric Line Blocked by Activists
In the Landes region, activists are trying to halt the construction of a high-voltage power line connecting France and Spain, a project valued at 3 billion euros.

Saudi Arabia awards NEM Energy a contract for a 1.3-gigawatt power plant

NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.
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The Development of Strategic Electric Interconnections
Electric interconnections have reshaped global energy systems, enabling cross-border cooperation and economic stability. Rooted in Oxford Energy Institute research, this piece highlights key agreements, technological milestones, and the diplomatic strategies driving these transformative infrastructures.
Germany Achieves 59% Renewable Electricity in 2024: A Historic Record
In 2024, Germany set a new record with 59% of its electricity produced from renewable sources, marking a key milestone after the complete shutdown of nuclear power. A balance of ecological progress and energy challenges.
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