Chypre

Iberdrola secures €2.5bn credit line from 32 international banks

Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.

European Union struggles to agree on new Russian oil price cap

Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.

The European Commission commits EUR202mn to the IFMIF-DONES fusion accelerator

The European Union is investing EUR202mn in the IFMIF-DONES project in Granada to test materials intended for future fusion power plants, in cooperation with Spain, Croatia, Italy, and Japan.
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Carbon2Nature and Uría Menéndez launch reforestation of 90 hectares in Salamanca

Carbon2Nature, a subsidiary of Iberdrola, partners with law firm Uría Menéndez on a 90-hectare reforestation project in Sierra de Francia, targeting carbon footprint compensation for the legal sector.

Lhyfe successfully completes first green hydrogen combustion tests in Spain

French company Lhyfe has carried out its first successful green hydrogen combustion tests in Spain, delivering three tonnes over three weeks to the Valencian ceramic industry, opening a new potential alternative to industrial fossil natural gas.

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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Eco Wave Power receives €2.45mn from EU to deploy wave energy

Eco Wave Power Global AB joins a consortium funded with €2.45mn by the European Interreg Atlantic Area programme to accelerate commercial implementation of wave energy technologies in Atlantic coastal regions.

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).

Rio Tinto: five strategic priorities to close a 40% valuation discount

Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
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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.

EDF launches its nuclear Technocentre in Fessenheim, estimated investment of €450 million

EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.

Plenitude starts 200 MW solar park in Andalusia for 2026

Italian group Plenitude has begun building Entrenúcleos, a 200 MW photovoltaic plant near Seville, set to deliver more than 435 GWh a year from 2026 while trialling locally produced green steel.
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Czech Republic hit by massive power outage disrupting the economy

A major electricity blackout paralyzed large parts of the Czech Republic, interrupting transport and essential networks, raising immediate economic concerns, and highlighting the vulnerability of energy infrastructures to unforeseen technical incidents.

Cox secures $64mn contract to interconnect Paraguay’s electricity grid

Spanish company Cox has signed a $64mn contract for the design and construction of 500 kilometres of high-voltage transmission lines in Paraguay's Chaco region, in collaboration with local firm L.T. S.A.

Iberdrola increases supplementary dividend by 16.5% to €0.409 per share

Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
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Iberdrola launches metocean studies for Australian offshore wind farm

Iberdrola Australia secures crucial approval from Australian authorities to begin metocean studies for its 3GW Aurora Green offshore project off the coast of Victoria, marking a decisive stage in its development.

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.

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.
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Development banks: $19.6bn invested in water-related projects in 2024

Ten multilateral development banks have approved global financing of $19.6bn for water-related projects in 2024, mainly aimed at low- and middle-income countries, according to a recent joint report.

Sale of wind farm in Peru: ACCIONA Energía receives 253 million USD

ACCIONA Energía transfers the San Juan de Marcona wind farm to Luz del Sur S.A.A., a major player in Peru's energy sector, for up to USD 253 million, pending necessary regulatory approvals.

Nigeria-Morocco Gas Pipeline: Tenders to Begin in 2025

The Nigeria-Morocco gas pipeline project progresses with tenders planned for 2025. This strategic project aims to strengthen economic integration and energy supply in Africa and Europe.

RIC Energy obtains environmental authorization for a green hydrogen project in Valladolid

RIC Energy, a pioneer in renewable energy, secures its first authorization for a green hydrogen plant in Valladolid, marking a milestone in Castile and León's energy transition.

Orano temporarily suspends uranium extraction activities in Niger

Orano temporarily suspends uranium extraction activities in Niger
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Alfa Laval accelerates the energy transition with two major bioenergy contracts

Alfa Laval has secured two contracts worth SEK 350 million to provide HVO pre-treatment units to Europe’s largest biofuel facility, boosting the production of renewable fuels for aviation and land transportation.

Niger invites Russian companies to exploit its natural resources

Niger opens its doors to Russian companies for the exploration of its natural wealth, marking a strategic shift as tensions persist with French companies, particularly over uranium.

Niger denounces Orano’s suspension of uranium production

The Nigerien junta criticizes Orano's suspension of activities, claiming the decision harms stakeholder commitments and lacks transparency, according to a document from the state-owned company Sopamin.
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Benin: TGS launches seismic operations to boost offshore oil exploration

Benin intensifies efforts to attract investors in the offshore oil sector. TGS begins 3D seismic surveys to identify new offshore oil prospects in Beninese waters.

Spain: Doubling wind capacity by 2030, a high-risk bet

Spain aims to double its installed wind energy capacity to reach 62 GW by 2030. However, slow administrative processes, local opposition, and declining energy demand threaten the achievement of this ambitious goal.

Zelestra inaugurates a $200 million solar park to support Colombia’s energy transition.

The Spanish company Zelestra opens a 144 MW solar park in Colombia, marking a significant milestone in its Latin American strategy and contributing to the country's decarbonation objectives.
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Belgium calls for coordinated ban on Russian LNG in Europe

Belgium is pushing the European Union to adopt a coordinated ban on imports of Russian liquefied natural gas (LNG), arguing for a legal basis to speed up the phase-out of fossil fuels from Russia.

Libya: New appointment to the Central Bank, key to the oil crisis

Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.

Wind power agreements: GE Vernova boosts energy production in Spain

GE Vernova has signed five contracts for wind power projects in Spain. These initiatives should increase renewable energy production capacity, supporting the country's decarbonization.
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Spain targets 81% renewable electricity by 2030

The Spanish government has set a target of generating 81% of its electricity from renewables by 2030, while stepping up its ambitions for green hydrogen.

Repsol and Maduro consolidate their union despite diplomatic tensions

Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.

Multilateral banks unite to accelerate financing of the MDGs

Multilateral banks and the UN are stepping up their efforts to mobilize long-term financing, with the aim of closing the Sustainable Development Goals (SDGs) gap by 2030.
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Masdar acquires Saeta for USD 1.4 billion and strengthens its presence in Europe

Masdar announces the acquisition of Saeta for USD 1.4 billion, including 745 MW of wind power assets and 1.6 GW of projects under development. This transaction strengthens Masdar's position in the Iberian market.

Spain increases its green hydrogen ambition to 12 GW by 2030

Spain is stepping up its green hydrogen strategy, with a new target of 12 GW of electrolysers by 2030, marking a turning point in its energy policy.

Private sector urges UN to triple renewable energies by 2030

Energy companies are calling on governments to meet their COP28 commitments to triple the world's renewable energy capacity by 2030.
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Axpo inaugurates France’s largest rooftop solar power plant in Beauvais

Axpo, via its subsidiary Urbasolar, commissions a 12.8 MWp solar power plant in Beauvais. This project contributes to the acceleration of solar power generation in France.

Grenergy doubles Oasis de Atacama’s capacity with 1 GW of solar energy

Grenergy strengthens its Oasis de Atacama project by acquiring 1 GW of solar energy from Repsol and Ibereólica, thereby increasing its energy storage and production capacities.