Switzerland

Technique Solaire has secured €40mn ($43.5mn) in junior debt from BNP Paribas Asset Management to structure two solar portfolios totalling 392 MWp across France, Spain and the Netherlands.
BayWa r.e. has finalised the sale of a 46 MW floating solar park, the country’s largest, to a Dutch public-local consortium, marking a new step in the decentralised structuring of the solar market in the Netherlands.

Gasunie and Thyssengas to link Dutch and German hydrogen networks

Gasunie and Thyssengas have signed an agreement to convert existing gas pipelines into hydrogen conduits between the Netherlands and Germany, facilitating integration of Dutch ports with German industrial regions.
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Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
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.

Gunvor rules out resale of Lukoil assets to Russia after acquisition

Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
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Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.
Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.

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.
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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. —
Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.

Lukoil sells its African oil assets to Gunvor under pressure from US sanctions

Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
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The British group’s net profit rose 24% in Q3 to $5.32bn, supporting a new share repurchase programme despite continued pressure on crude prices.
Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.

Petrofac places holding company into administration after termination of key contract

The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.
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The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.
A Wood Mackenzie study reveals that the EU’s carbon storage capacity will fall more than 40% short of the 2030 targets set under the Net Zero Industry Act.

The Netherlands plans to extend Borssele and creates legal framework for new reactors

The Dutch government is initiating legislative reform to extend the Borssele nuclear plant until 2054 and has formalised the creation of a public entity to develop two new reactors.
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A joint programme funded with CHF15.12mn ($19mn) aims to boost energy efficiency and renewables in Alpine regions by 2029.
The Dutch Supreme Court has rejected Russia's final appeal, confirming a record $50bn compensation to former Yukos shareholders, ending two decades of legal battle.
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
Eight European countries meet to strengthen their commitments to offshore wind energy in the North Sea, a sector facing the growing challenge of Chinese companies.

Kerosene Remains King in Asia Despite Supply Pressures

Kerosene demand in Asia remains strong, reinforcing its position over diesel, despite the massive arrival of cargoes from India and the Middle East, which could reverse this trend.
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France assures it has the necessary infrastructures to meet its gas needs this winter while supporting its European neighbors, despite potential drops in temperatures.
Germany is launching a 9,040 km hydrogen network, aiming to accelerate the energy transition. About 60% of the infrastructure will be converted from natural gas pipelines. The total cost is estimated at 18.9 billion euros, with progressive commissioning until 2032.

European Nuclear Energy Alliance Calls for Support from the EU Commission

Members of the European Nuclear Energy Alliance have called on the upcoming European Commission to recognize the role of nuclear and renewables in Europe's decarbonization between 2024 and 2029.
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Ohmium and SwitcH2 Have Finalized the Development of a 300 MW Green Ammonia Floating Production Project off Southern Europe
The United Kingdom has blacklisted 22 oil tankers and LNG vessels, aiming to weaken Russian financial resources and reduce maritime pollution risks.

First LNG export from Mexico to Europe via Altamira

On October 15, the Energos Princess carrier unloaded at the Gate terminal in the Netherlands the first shipment of liquefied natural gas (LNG) exported by Mexico to Europe, marking a significant milestone in the energy sector.
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French and Dutch environmental ministers sign an agreement to strengthen cooperation in nuclear energy, covering security, R&D, and training.
Uniper ends its SkyFuelH2 project in Sweden due to regulatory uncertainty and increasing costs, reflecting current challenges in the sustainable aviation fuel market.

Methane, N2O, Fluorinated Gases: Other Greenhouse Gases (REFERENCE-DOSSIER)

Carbon dioxide is well-known, but other greenhouse gases like methane, nitrous oxide, and fluorinated gases also play a crucial role in climate warming. This article explores their impact and the measures taken to control them.
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Europe makes significant progress in securing its gas supplies for winter, even with the imminent end of the gas transit agreement between Ukraine and Russia.
TotalEnergies and RWE partner to develop two offshore wind farms in the North Sea, strengthening their position in the German green electricity market and contributing to the energy transition towards decarbonized production.

Italgas strengthens its position with the acquisition of 2i Rete Gas for 5.3 billion euros

Italgas, leader in gas distribution in Italy, announces the acquisition of 2i Rete Gas for 5.3 billion euros. This operation marks a key step in the consolidation of the Italian market and positions Italgas as a major player in Europe.
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Gabon has filed a request before the International Court of Justice (ICJ) to assert its sovereignty over three oil-rich islets, contested by Equatorial Guinea, marking a new stage in their long-standing territorial dispute.
TPG, through its TPG Rise Climate fund, acquires the German company Techem for €6.7 billion from Partners Group. This transaction reflects the American fund’s commitment to strengthening its presence in energy efficiency solutions within the real estate sector.

Renewable energy dominates Dutch electricity production in 2024

For the first time, renewable energy has generated more than half of the total electricity produced in the Netherlands, accounting for 53% of the energy mix in the first half of 2024, according to data from Centraal Bureau voor de Statistiek (CBS).
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Natural gas producers are urging Kamala Harris to clarify her position on LNG exports and industry regulation, while uncertainty persists over political decisions relating to hydraulic fracturing.
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.