Lituanie

EnBW raises €3.1bn to finance a historic investment programme through 2030

Energie Baden-Württemberg AG announces the completion of a €3.1bn capital increase to support its investment plan, with strong shareholder participation, marking a major milestone for the group’s financial strategy.

wpd completes the acquisition of Calycé’s wind activity and strengthens its presence in France

German group wpd takes over the teams and a portfolio of 17 wind projects from Calycé, consolidating its position in the French market and expanding its regional presence, particularly in the Grand Est, with the support of Envinergy.

SPIE wins new strategic contract for the 315 MW Windanker offshore wind farm

SPIE Wind Connect partners with Van Oord to connect and test 21 high-voltage cables for the Windanker offshore wind farm, marking a key milestone in the development of Germany’s offshore wind sector.
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Stellantis ends its hydrogen van programme as market outlook remains limited

Manufacturer Stellantis halts production of its hydrogen-powered commercial vehicles, citing a lack of commercial prospects and an insufficient market, according to a statement released by the automotive group.

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.
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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.

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.
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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.

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.
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Lithuanian nuclear operator SE Ignalina signs agreement with Newcleo

SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.

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.

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).
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Lithuania explores nuclear option with small modular reactors

Lithuania establishes a working group tasked with assessing the feasibility of modular nuclear reactors to meet electricity demand estimated at 74 TWh by 2050.

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.

Airbus selects ENGIE to decarbonise 22 industrial sites across Europe

ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.

New European Battery Regulation Disrupts Europe’s Industrial Sector

The European battery regulation, fully effective from August 18, significantly alters industrial requirements related to electric cars and bicycles, imposing strict rules on recycling, supply chains, and transparency for companies.

Europe Commits Major Investments to Electricity Grids and the Clean Industrial Deal

The European Commission unveils an ambitious plan to modernize electricity grids and introduces the Clean Industrial Deal, mobilizing hundreds of billions of euros to strengthen the continent's industrial and energy autonomy.
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Iberdrola España signs wind energy contract with Renfe for 3,700 GWh

Iberdrola España and Renfe conclude a virtual power purchase agreement for 370 GWh per year for ten years, strengthening the use of renewable energy in Spanish railway transport.

Serbia negotiates gas deal with Gazprom at competitive European price

Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.

Proxima Fusion secures €130 million to accelerate its stellarator project

German company Proxima Fusion, specialized in nuclear fusion, has announced a €130 million funding round aimed at building a stellarator, an alternative technology designed to achieve industrial-scale fusion energy.
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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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Les pays baltes achèvent leur déconnexion énergétique de la Russie

La Lituanie, la Lettonie et l'Estonie vont couper leurs derniers liens avec le réseau électrique russe. Ce basculement, prévu le 8 février, marque leur intégration complète au réseau européen après des années de préparation et d'investissements.

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.
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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

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.
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EBRD invests 100 million euros in Green Genius for European expansion

The European Bank for Reconstruction and Development (EBRD) is investing 100 million euros in Green Genius, a renewable energy company, to support its expansion in Europe and strengthen the energy transition in the region.

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.