Sweden

Industrikraft takes 20% stake in Videberg Kraft to support Ringhals nuclear project

The Industrikraft consortium will invest SEK400mn ($42.2mn) to become a shareholder in Videberg Kraft, marking a new phase in Sweden’s nuclear project led by Vattenfall on the Värö Peninsula.

50Hertz plans 30 GW of new electrical interconnections by 2029

German grid operator 50Hertz commits to nearly 30 GW of new connection capacity by 2029, amid network saturation and calls for reforming access procedures.

Germany grants $24.3 million to Nigeria to accelerate its energy transition

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
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Uniper shuts down Karlshamn-2 after failure of Swedish winter backup scheme

The shutdown of Karlshamn-2 removes 335 MW of heavy fuel oil capacity from southern Sweden, exposing the limits of a strategic reserve model approved but inoperative, and increasing pressure on winter supply security.

Swedish industrial players inject €36.4mn into Vattenfall’s future nuclear reactors

A consortium led by Swedish giants such as ABB, SSAB and Volvo will invest SEK400mn to support the development of small modular nuclear reactors through a strategic partnership with Vattenfall.

Fusion Fuel Cycles joint venture begins construction of UNITY-2 test facility

Fusion Fuel Cycles has begun work on its UNITY-2 facility, a unique test bench designed to validate the full tritium fuel cycle under fusion conditions, marking a key step toward fusion energy.
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Sweden lifts uranium mining ban starting January 2026

Sweden’s parliament has approved a major reform authorising uranium extraction, opening the door to a reassessment of the economic potential of mining projects containing this strategic mineral.

Lhyfe to deliver 90 tonnes of RFNBO hydrogen to a German operator over 15 months

French hydrogen producer Lhyfe has signed an agreement to supply 90 tonnes of RFNBO-certified hydrogen to a private fuel station operator in Germany for a fleet of buses.

LEAG and Fluence launch Europe’s largest electricity storage project in Germany

LEAG Clean Power and Fluence Energy will build a 4 GWh battery energy storage system in Germany, marking a major step in the industrialisation of storage capacity at a European scale.
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Energiekontor secures 73 megawatts of wind projects and intensifies investments

Energiekontor has closed financing for three new wind farms in Germany, strengthening its project portfolio and reaching a historic construction milestone in the 2025 fiscal year.

RWE completes Nordseecluster A foundations ahead of maintenance operations

RWE has finalised installation of all 44 foundations at the Nordseecluster A offshore site in the North Sea, a key milestone before planned maintenance activities leading up to 2027 on this 660-megawatt project.

INNIO and KMW build 54 MW gas-fired power plant to secure data centres

INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.
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Vestas boosts quarterly profit and announces €150mn share buyback

The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.

Alfa Laval strengthens its partnership with EDF for six new EPR2 reactors

Alfa Laval extends its cooperation with EDF to supply heat exchangers for EPR2 projects across three nuclear sites, reinforcing its position in the French nuclear sector.

International Petroleum accelerates Blackrod and completes USD 450mn bond refinancing

International Petroleum Corporation exceeded its operational targets in the third quarter, strengthened its financial position and brought forward production from its Blackrod project in Canada.
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Aegir Insights expands Aegir Quant™ to hybrid, solar and storage assets

Danish firm Aegir Insights extends its Aegir Quant™ platform to onshore wind, solar, storage and hybrid assets, strengthening its investment intelligence offering for developers and investors.

TotalEnergies unveils three global energy trajectories through 2050

TotalEnergies has released its Energy Outlook 2025 report, outlining three scenarios for the global energy system’s evolution and the economic implications of consumption and production trends through 2050.

Germany penalises the European gas storage supply chain

The continued rise in gas-fired power generation in Germany is slowing the filling of European reserves at a critical moment for regional energy market stability ahead of winter.
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Sinopec signs $40.9bn in deals during 2025 China International Import Expo

Sinopec finalised supply agreements worth $40.9bn with 34 foreign companies at the 2025 China International Import Expo, reinforcing its position in the global petroleum and chemical trade.

Eneco Acquires Prowind’s Wind Project Development Business in the Netherlands

Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.

European and Iranian ministers meet in New York to avoid return of sanctions

European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.

Hydrogen fuel cell market to reach $42.3bn by 2035 with 20% growth

Driven by technological advances and supportive policies, the global hydrogen fuel cell market is rapidly expanding, with a projected valuation of $42.3bn by 2035.

Palladio Partners and Voltfang to invest EUR250mn in energy storage by 2029

Palladio Partners and Voltfang join forces to deploy large-scale energy storage systems in Germany, targeting EUR250mn ($267mn) in investments by the end of 2029.
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Lhyfe becomes Europe’s first RFNBO hydrogen producer with 21 MW certified

With four sites now RFNBO certified in France and Germany, Lhyfe reaches 21 MW of installed capacity, strengthening its position as a European leader in renewable hydrogen production through water electrolysis.

Factor2 Energy raises $9.1mn to industrialise geothermal power from stored CO₂

German start-up Factor2 Energy has raised $9.1mn in venture capital to develop a geothermal system based on CO₂ injected into porous geological formations, with the goal of building a pilot power plant in Germany.

Trump urges NATO to halt all Russian oil purchases by member states

The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.
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International Petroleum repurchases 59,454 shares under its NCIB programme

International Petroleum Corporation repurchased 59,454 common shares between 15 and 19 September, under its ongoing share buyback programme compliant with Canadian and European regulations.

EVE Energy connects the world’s first 400MWh energy storage project to the grid

EVE Energy has commissioned in China a 400MWh energy storage system based on 628Ah cells, a world first that paves the way for large-scale industrialisation of ultra-high-capacity batteries.

Germany launches two new phases of the €10bn SuedLink project

The SuedLink underground cable project, estimated at €10bn ($10.66bn), enters an active phase with the launch of two additional sections in Hesse and Lower Saxony.
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Sweden commits $20.2bn in loans to boost civil nuclear power

The Swedish government is implementing a $20.2bn public loan programme to finance the construction of new nuclear reactors and strengthen the security of electricity supply.

Iran withdraws nuclear resolution under US financial pressure

Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.

Imminent sanctions: Iran faces the European nuclear ultimatum

Talks between Iran and the E3 group have not succeeded, leaving the return of economic sanctions looming, which could heavily affect Iran’s oil sector.
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Alterric orders 13 E-175 EP5 E2 turbines from ENERCON for German project

ENERCON has signed a contract with Alterric to supply 13 E-175 EP5 E2 turbines, to be installed at the Kutenholz wind farm from spring 2026 as part of a repowering project.

Eurowind Energy invests in 242 MW of wind and solar projects in Germany

Eurowind Energy is currently constructing nine projects in Germany, combining wind and solar, for a total capacity of 242 MW, thus strengthening its strategic investments in a key market.

Nordex enters Ecuador with 112 MW wind farm order

German group Nordex has signed its first order in Ecuador to supply 19 turbines for a 112 MW wind farm, marking its entry into a little-developed Andean market.
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Ukraine seeks $1bn to secure gas reserves ahead of winter

Despite gas stocks covering over 80% of winter needs, Kyiv must still import more to offset the impact of Russian strikes on energy infrastructure.

Meyer Burger gives up on rescue amid Chinese pressure and US uncertainty

Facing falling Chinese prices and unstable energy policies in the United States, Swiss solar module manufacturer Meyer Burger announces the end of its recovery efforts.

Paris, Berlin and London give Iran ten days to avoid reinstated sanctions

European powers demand concrete steps from Tehran on nuclear issue or United Nations sanctions will be reinstated, as IAEA inspections remain blocked and tensions with Washington persist.
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MCF Energy reaches 3,310 metres on the Kinsau-1A well in Germany

MCF Energy has completed drilling of the Kinsau-1A well in Bavaria at 3,310 metres, reaching its geological targets with hydrocarbon presence, reaffirming the company’s commitment to its European gas projects.

Italian judge approves extradition of Ukrainian linked to Nord Stream sabotage

A Ukrainian national arrested in Italy will be extradited to Germany, where he is suspected of coordinating the 2022 attack on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.