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Global battery storage market to reach $143bn by 2031

Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.

Energiequelle raises Raßlitz wind farm capacity to 11 MW after upgrade

Energiequelle completes the commissioning of two Enercon E-160 turbines in Raßlitz, replacing previous models and increasing the installed capacity of the Saxony site more than fivefold.

GE Vernova modernises TransnetBW’s key cross-border power hub in Germany

GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.
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Global PV inverter shipments reach 589 GWac as Asia-Pacific dominates in 2024

Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.

Germany: Grid fees reform threatens growth of energy storage

A potential removal of grid fees exemption for battery storage systems is raising concerns among players in Germany's energy sector, fearing negative impacts on investment and the development of this key infrastructure.

Solar energy becomes EU’s leading electricity source in June 2025

Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.
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Masdar and Iberdrola invest €5.2bn in UK offshore wind

Masdar and Iberdrola announce a joint investment of €5.2 billion in the East Anglia THREE offshore wind farm in the United Kingdom and full commissioning of the German Baltic Eagle project (476 MW).

Energiekontor wins contracts for four wind projects totaling 125 megawatts

Energiekontor AG has secured contracts for four wind projects with a total capacity of 125 megawatts, following the Federal Network Agency's May 2025 tender in Germany.

The Economic Impact of Solar Energy in Europe Amid Surplus Production

The overproduction of solar energy in Europe is causing a drop in captured prices, undermining the profitability of producers. In Germany, Spain, and France, capture prices are at record lows, with profound economic consequences.
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Germany extends electricity price aid to 2,200 companies

The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).

Nordex wins 91 MW contract from SAB WindTeam in Germany

German manufacturer Nordex will supply 13 N163/6.X wind turbines to developer SAB WindTeam for a 91 MW wind farm in Brandenburg, with commissioning scheduled for early 2027 and an extended 20-year service agreement.

E.ON expands energy automation with a cogeneration plant in Neuss

E.ON, together with MM Neuss, commissions Europe’s first fully automated cogeneration plant, capable of achieving a 91 % fuel-use rate and cutting CO₂ emissions by 22 000 t a year.
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NeXtWind secures €1.4 billion to expand wind energy in Germany

German company NeXtWind signs historic €1.4 billion debt financing to accelerate expansion and modernisation of its onshore wind farms and reach a total capacity of 3 GW by 2028.

ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings

ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.

Badenova invests $4.64 billion to transform its energy infrastructure by 2050

German energy group Badenova plans to invest $4.64 billion in its energy networks and capacity by 2050, including $232 million committed from 2025, according to the company's recently published annual financial results.
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Germany allocates €450mn to modernise Lower Saxony’s electricity grid

The European Investment Bank grants EWE AG historic €450mn financing for the installation of 2,600 km of underground power lines and the upgrade of over 1,100 substations in Lower Saxony.

Ignitis begins construction of three energy storage parks in Lithuania

The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.

Natural hydrogen: France on the verge of redefining its national and European energy strategy

The official confirmation in June 2025 by the French government regarding the detection of significant natural hydrogen reserves in Lorraine, the Pyrenees, and Aquitaine could represent a major strategic turning point for national and European energy sovereignty. However, the technical, economic, and environmental challenges associated with its exploitation might slow its large-scale implementation.
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The climate crisis intensifies economic risks linked to extreme weather events

Prolonged heatwaves and environmental disasters are intensifying, leading to significant financial impacts in the energy, agriculture, and real estate sectors, according to the latest UN and IEA reports.

Energiekontor launches new investment in Nartum wind farm in Lower Saxony

Energiekontor AG confirms financial close for the Nartum wind farm, adding 23 megawatts to its owned portfolio and starting the construction phase in the Rotenburg district, Lower Saxony.
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German solar revenues drop 37% due to negative power prices

Germany’s solar capture price fell to a five-year low in May, driven by rising negative price hours and excess photovoltaic capacity.

McPhy placed under judicial reorganisation and postpones its general meeting

The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.

Brussels proposes to ban all transactions related to Nord Stream gas pipelines

The European Commission aims to prevent any return of Russian gas via Nord Stream and Nord Stream 2 with a total transaction ban, part of its 18th sanctions package against Moscow.
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Stargate Hydrogen opens modular electrolyser factory in Estonia

Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.

Xlinks suspends Morocco–UK power link due to tariff impasse

Due to the lack of a tariff agreement with the United Kingdom, Xlinks suspends its subsea cable project linking Morocco.

Next-generation geothermal technologies gain global credibility

Advances in enhanced and closed-loop geothermal systems are drawing growing interest from governments and tech giants, despite critical cost reductions still needed for competitiveness.
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The EU Strengthens its Emergency Measures for Vehicle Electrification

The European Union launches an emergency consultation with automakers to accelerate the transition to electrification in response to current competitive and regulatory challenges.

Europe: a surplus of regasification capacity in 2024

The rapid increase in regasification capacities in Europe exceeds actual LNG imports in 2024.

Les opérateurs de réseaux lancent les études de faisabilité du corridor hydrogène nordique-baltique

Les opérateurs de réseaux lancent les études de faisabilité du corridor hydrogène nordique-baltique
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Iran defies the IAEA by launching thousands of advanced centrifuges

Iran has activated thousands of advanced centrifuges to enrich uranium up to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA) criticizing its lack of cooperation.

Oil and gas companies spend $61 billion per year on exploration, says NGO

Despite growing calls to reduce hydrocarbon production, a report by the NGO Urgewald reveals that the oil and gas industry has invested an average of $61.1 billion annually in exploration over the past three years.

Octopus Energy invests £2 billion in UK renewable energies

Octopus Energy plans to invest £2 billion in renewable energy projects in the UK by 2030, strengthening its portfolio of solar and wind assets to meet the country's decarbonization targets.
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Kamala Harris faces natural gas producers in Pennsylvania

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.

Sultan Al Jaber calls for ambitious NDCs before COP29

COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.

Germany and the EU: Green energy boom hampered by lack of storage capacity

The development of renewable energies in Europe is creating imbalances on electricity grids. Without an increase in battery storage capacity, these imbalances risk slowing down the energy transition.
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Barents: Johan Castberg project key to Arctic gas development

The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.

Envision Energy and TÜV Nord join forces on wind turbine standards

Envision Energy and TÜV Nord enter into a partnership to strengthen the certification of wind power technologies, with a focus on supply chain optimization and international competitiveness.

Havfram teams up with Luxcara for Waterkant wind farm in Germany

Havfram signs a contract with Luxcara to transport and install 16 18.5 MW turbines at the Waterkant offshore wind farm in Germany's North Sea, with commissioning scheduled for spring 2028.
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Lubmin: 1GW of green hydrogen for energy autonomy in Germany

The KGAL ESPF 6 fund is committed to a major project in Lubmin, aimed at developing a green hydrogen production hub with a capacity of 1,050 MW, thereby strengthening European energy security.

Sweden revises its offshore wind strategy to unblock certain projects

Sweden, despite its considerable offshore wind energy potential, is struggling to structure the development of its projects. The lack of financial support and strategic planning is slowing down the implementation of installations.
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