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Cox makes $4.7 billion offer for Iberdrola’s Mexican assets

Cox aims to acquire Iberdrola’s 15 power plants in Mexico for EUR4 bn (USD4.69 bn), strengthening its presence in a changing market.

EDP Renovaveis sees profit drop 56% despite increase in wind power production

The renewable division of Energias de Portugal (EDP) reported a sharp decline in first-half net profit due to a marked reduction in gains from asset sales, while electricity production and revenue increased.

Opdenergy acquires 440 MW of wind in Spain from Acciona Energía for over €500mn

Opdenergy acquires thirteen new wind farms in Spain for a total capacity of 440 MW, strengthening its international presence and portfolio through a major asset transfer operation in the sector.
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Stonepeak launches JouleTerra to develop strategic energy sites across Europe

Stonepeak announces the creation of JouleTerra, a platform dedicated to the aggregation and management of grid-connected land, aimed at supporting the deployment of renewable energy infrastructure throughout the European continent.

Eco Wave Power installs its first wave energy floaters at the Port of Los Angeles

Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.

Endesa posts 30% profit increase and warns over CNMC framework

Spanish energy group Endesa reports strong first-half profit growth but warns of insufficient incentives in the new grid remuneration framework proposed by the CNMC.
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European solar growth slows in 2024 but will reach 400 GW in 2025

Europe will see its first slowdown in solar deployment in ten years in 2024, with 64.2 GW expected, but this does not call into question the 400 GW target for 2025 set by the European Commission.

Nordex Group posts 81% order growth and strong cash flow in the second quarter of 2025

Nordex Group records a significant jump in profitability and order intake, reaching EUR 2.3 bn in the second quarter of 2025, confirming its financial trajectory with a positive free cash flow.

Iberdrola and Echelon announce a joint venture for data centres in Spain

An agreement between Iberdrola and Echelon provides for the creation of a joint venture dedicated to the development of data centres in Spain, including an initial 144 MW site in Madrid, strengthening integration between energy and digital infrastructure.
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PDVSA prepares to resume oil exports as US licensing eases

Venezuelan oil group PDVSA is mobilising to restart export operations under conditions similar to previous US licences, as Washington prepares to again authorise its main partners to operate.

Repsol faces sharp drop in half-year profit after Iberian power outage

Repsol's net profit fell to €603mn in the first half, impacted by oil market volatility and a massive power outage that disrupted its activities in Spain and Portugal.

Naturgy posts record half-year profit of €1.15bn following Iberian blackout

Spanish group Naturgy reports an unprecedented net profit, driven by rising electricity prices and increased use of its gas-fired power plants since the major Iberian grid outage.
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Iberdrola raises $5.9 billion to strengthen its grids in the UK and the US

Iberdrola launches a EUR5 billion (USD5.87 billion) capital increase to fund the expansion and modernization of its power grids in the UK and the US, while announcing a decline in its half-year profit.

Spanish lawmakers reject Pedro Sánchez’s plan to prevent major power outages

The Spanish Parliament has rejected a package of reforms aimed at preventing another major power outage, plunging the national energy sector into uncertainty and revealing the fragility of the government's majority.

Galp Energia reports a 25% increase in net profit for Q2 2025

Portuguese group Galp Energia announced an adjusted net profit of €373 million for Q2 2025, a 25% increase from the previous year, driven by higher hydrocarbon production in Brazil.
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Valmet to supply biomass boiler and flue gas cleaning system to Saica in Spain

Valmet has secured a contract to supply a biomass boiler and flue gas cleaning system to Saica Group for its production site in El Burgo de Ebro, Spain, as part of its decarbonisation plan.

Dstgroup injects €1.5mn into Gazelle Wind Power for offshore wind project in Portugal

Dstgroup, through its subsidiary dstventures, invests €1.5mn ($1.62mn) in Gazelle Wind Power and commits to building the structures for the Nau Azul project, marking progress for the floating wind industry in Portugal.

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.
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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.

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.
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The Iberian blackout reignites tensions over grid adaptation to renewables

RTE states that no evidence currently links the Iberian blackout to renewable energy sources, as a European investigation begins and interconnections emerge as a strategic issue.

Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections

One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.

Massive power outage in Spain reignites questions over energy mix

Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
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France: Bayrou delays publication of energy decree amid political pressure

François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.

The wind shifts: Chinese OEMs struggle to gain traction in the European market

Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.

Galp invests €295mn in Namibia, Brazil and Portugal despite profit decline

Galp recorded a net profit of €192mn in the first quarter of 2025, down 41% year-on-year, while ramping up investments in oil exploration and renewable energy projects in Namibia, Brazil and Portugal.
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TSG strengthens its European network with two acquisitions in solar and electrical sectors

TSG has completed the acquisition of Leirivolt in Portugal and Kronenburg Techniek in the Netherlands, consolidating its expansion strategy in intelligent energy services across Europe.

NGOs call for global ban on offshore oil exploration

Over 100 international organisations are urging a halt to offshore oil and gas exploration ahead of the United Nations Ocean Conference scheduled in June in Nice.

North Sea collision: an oil tanker and a cargo ship involved, 32 injured

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.
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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.

Eco Wave Power Reports Improved Financial Performance and Significant Progress in Global Projects

Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.

EIB finances Galp’s renewable hydrogen and biofuels projects in Sines with €430 million

The European Investment Bank (EIB) grants a €430 million loan to Galp to fund two strategic projects at the Sines refinery, aimed at supporting the decarbonisation of heavy transport and aviation.
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EDP reports a 16% drop in annual profit, impacted by renewables

Portuguese group Energias de Portugal (EDP) announces a 16% decrease in its 2024 annual profit, affected by disappointing performance in its renewable energy subsidiary, particularly due to the abandonment of wind projects.

Eco Wave Power begins infrastructure works for its wave energy project in Portugal

Eco Wave Power starts infrastructure improvement works for its wave energy generation project in Porto, aiming to install a 1 MW unit by 2026.

JORD Group invests in SwitcH2 to finalize a 300 MW offshore project

JORD Group strengthens its presence in the alternative energy industry by becoming a shareholder in SwitcH2 BV. This investment aims to complete the design of a 300 MW offshore green ammonia production project, supported by strategic industrial partners.
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Amazon and Iberdrola strengthen their partnership with 476 MW of new contracts

Amazon and Iberdrola are expanding their energy partnership with the addition of 476 MW of new power purchase agreements (PPAs). These agreements span five countries and mark a first entry into Portugal, further consolidating their presence in the European market.

Portugal welcomes Exus Renewables for a 130 MW solar project

Exus Renewables acquires the Cibele solar farm in Portugal, adding 130 MW to its European portfolio. This strategic transaction strengthens Portugal's solar ambitions and attracts international renewable energy investments.

Eco Wave Power advances on a 20 MW hydropower project in Porto

Eco Wave Power reaches a strategic milestone in its 20 MW project in Porto, in partnership with MOQ Engineering, with a planned launch in 2026.
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Eco Wave demonstrates wave energy reliability with 26 kW produced in Israel

At Jaffa Port, Eco Wave Power’s EWP-EDF One project produced 26 kW continuously, even under challenging conditions, confirming the potential of waves as a reliable renewable energy source.

The CEO of Galp Energia resigns amidst controversy

Filipe Silva, CEO of Galp Energia since 2023, steps down following allegations of a conflict of interest involving a presumed relationship with a company director.
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