United Kingdom

Spanish electricity companies call for urgent reinforcement of investments after finding more than 80% of the transmission grid is saturated.
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.

AGCO signs 10-year deal with BRUC for solar supply in Europe

US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
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Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.

French and Belgian nuclear industry groups sign strategic cooperation agreement

The Groupement des Industriels Français de l'Énergie Nucléaire and the Belgian Nuclear Forum formalise a partnership aimed at strengthening industrial exchanges and joint projects between the two countries’ nuclear sectors.
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The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.

IAEA urges Iran to resume nuclear inspections as time runs out

The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
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Slovenia’s JEK2 project moves forward with two nuclear technologies judged technically compatible, estimated between EUR9.31bn ($10.1bn) and EUR15.37bn ($16.66bn).
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.

Verso Energy to deliver 6,000 tonnes of hydrogen to German steel industry

From 2029, Verso Energy will supply hydrogen produced in Moselle to steel group SHS, supported by a cross-border pipeline and an industrial investment exceeding €100mn.
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Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
Kallista Energy has entrusted ENGIE with the commercial operation of its first BESS site in Saleux, with a capacity of 120 MW, scheduled for commissioning by the end of 2026.

EDF secures €500mn to upgrade Enedis’ power interconnections

EDF finalised a second €500mn ($535mn) tranche with the European Investment Bank to support interconnections and strengthen Enedis' electricity distribution network in 2025.
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A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
European carbon allowance prices reached a six-month high, driven by industrial compliance buying ahead of the deadline and rising natural gas costs.

NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports

NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
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With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Zefiro Methane Corp. completed the delivery of carbon credits to EDF Trading, validating a pre-sale agreement and marking its first revenues from the voluntary carbon market.
A collision between the oil tanker Stena Immaculate and the cargo ship Solong off the coast of Yorkshire caused a fire and injured 32 crew members, who were evacuated to Grimsby. An environmental risk assessment is underway.
Orano has secured a €400 million loan from the European Investment Bank to finance the expansion of its Georges Besse II uranium enrichment plant at Tricastin, aiming to increase its capacity by 30% by 2028.

Velto Renewables and Q ENERGY join forces to acquire 530 MW in Europe

Velto Renewables, backed by Caisse de dépôt et placement du Québec (CDPQ), and Q ENERGY have signed an agreement to acquire renewable energy projects in Europe. An initial portfolio of 130 MW has been acquired in France, with an additional 400 MW planned in Spain and Portugal.
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The cities of Melun and Vaux-le-Pénil are launching the expansion of their heating network with the drilling of a new geothermal well planned for 2026. This project aims to strengthen local energy supply by increasing the capacity of the existing network.
The United Kingdom Atomic Energy Authority (UKAEA) and Italian company Eni announce a partnership to build the world's largest tritium fuel cycle facility. This project, located in England, aims to optimise tritium management for future fusion power plants.

JERA and bp unveil the leadership team of their offshore wind joint venture

JERA Co., Inc. and bp have announced the leadership team of their 50-50 joint venture, JERA Nex bp, which aims to become a major player in the development, ownership, and operation of offshore wind energy.
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Spain remains committed to its strategy of shutting down nuclear power plants by 2035, despite growing pressure from economic and political actors advocating for an extension, citing energy and economic concerns.
The British Court of Appeal has reduced the prison sentences of six Just Stop Oil activists, initially sentenced to up to five years. Ten other activists retain their convictions, as the prosecution highlights the severity of their actions.

Flamanville EPR extends shutdown until March 30 for maintenance

The Flamanville EPR nuclear reactor will remain shut down until March 30 due to a series of unexpected technical interventions. These operations, which began on February 15, aim to optimise its performance before reaching full power.
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The French government has launched a public consultation on the third Multiannual Energy Programme (PPE), which sets the country's energy production and consumption trajectories for the 2025-2035 period. This process precedes the adoption of the text by decree in April.
Negotiations between EDF and major French industrialists stall over electricity tariffs, raising concerns about industrial competitiveness against European offers.

TotalEnergies abandons a solar project in French Guiana due to lack of public support

TotalEnergies has ended the Maya solar power plant project in French Guiana, initiated in 2019 to stabilise the local energy supply. The company cites a lack of public support, as the revision of France’s energy planning is underway.
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In 2024, Getlink reported a 5% drop in net profit, reaching €317 million. This decline is attributed to the temporary suspension of its ElecLink cross-Channel cable and the growing competition from ferries.
The United Kingdom is exploring the implementation of a new tax system for oil and gas producers to replace the superprofits tax, set to end in 2030.

The United Kingdom lifts sanctions on 24 Syrian entities, including the Central Bank

The United Kingdom has removed 24 Syrian entities from its sanctions list, including the Central Bank, allowing for the resumption of financial and commercial activities. This decision forms part of a broader trend of easing restrictions on Syria.
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EDF implements a system of auctions for long-term nuclear electricity contracts to stabilise prices and finance its nuclear projects. The first deliveries are scheduled for 2026.
French group Orano has signed an agreement with Energoatom to provide uranium enrichment services until 2040. This collaboration aims to reduce Ukraine's reliance on Rosatom, the Russian nuclear giant.

Neoen maintains its 2025 targets despite an 87% drop in net profit in 2024

Renewable energy producer Neoen confirms its financial goals for 2025, despite a significant drop in net profit in 2024, mainly due to the high cost of its debt.
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In 2024, France maintained its position as the leading importer of Russian liquefied natural gas (LNG) in Europe, despite an overall decline in its gas consumption.
Gas demand in France decreased by 5.5% in 2024, largely due to the reduction in gas-fired power generation, according to NaTran, the operator of the gas transmission network.