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Portugal

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.

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.

Subsea 7 secures sizeable subsea contract for Egyptian tie-back

The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
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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.

TotalEnergies sells 50% of its renewable assets in Portugal for €178.5mn

TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.

Sierra Leone launches extensive offshore oil exploration with 60 potential blocks

Sierra Leone relaunches an ambitious offshore exploration campaign, using a 3D seismic survey to evaluate up to 60 potential oil blocks before opening a new licensing round as early as next October.
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NamPower launches $90.3mn solar power plant to secure Namibian energy

Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.

France Officially Launches Its First Floating Wind Farm in the Mediterranean

France officially commissions its first floating wind farm, consisting of three turbines with a combined capacity of 25 megawatts, introducing strategic technology in the Mediterranean, vital for national energy goals.

Spain and Portugal Strengthen Networks Following April Blackout

Madrid announces immediate energy storage measures while Lisbon secures its electrical grid, responding to the historic outage that affected the entire Iberian Peninsula in late April.
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Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts

The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.

Statkraft reduces offshore wind investments following strategic review

Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.

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.
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EIB funds €1.6bn for the submarine interconnection between France and Spain

The European Investment Bank is providing €1.6bn ($1.73bn) for the first submarine power cable between Spain and France, a 400 km link that will raise exchange capacity to 5 000 MW by 2028.

ExxonMobil tops upstream explorer ranking according to Wood Mackenzie

ExxonMobil has been named the most admired upstream exploration company in Wood Mackenzie’s latest annual survey, recognised for its performance in Guyana and its ability to open new resource frontiers.

Petrobras enters exclusive talks for nine offshore blocks in Côte d’Ivoire

The Brazilian oil group secured approval from Abidjan to begin negotiations for exploring nine deepwater blocks as part of its business partnerships strategy in Africa.
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Greenvolt sells 231 MW of energy projects in Spain to Transiziona for €195mn

Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.

Galp targets 40% increase in oil production in Brazil

Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.

Madrid rejects claims of experiment linked to nationwide power outage

Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
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Madrid and Lisbon ask Brussels to accelerate electrical interconnection projects

Following the major electrical outage in April, the Spanish and Portuguese governments are urging the European Commission to expedite infrastructure development for electrical interconnections between the Iberian Peninsula and the broader European grid, currently considered insufficient.

No cyberattack detected after massive power outage in Spain

The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
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Engie raises its annual forecast despite falling electricity prices

Engie announces a net profit of 1.9 billion euros for the first half of 2024, revising upwards its annual forecasts thanks to the upturn in renewable activities.
Engie renforce ses énergies renouvelables

TotalEnergies acquires hydroelectric projects in Africa

TotalEnergies signs an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of **SN Power**, including interests in hydroelectric projects in Africa. This strategic transaction is designed to support the continent's energy transition.
centrale hydroélectrique de Bujagali, Ouganda

Madrid approves H2Med project for green hydrogen in Europe

Madrid authorizes the launch of the H2Med project, a green hydrogen pipeline between Barcelona and Marseille, scheduled for 2030. Enagas will lead the key developments.
Pipeline d'hydrogène

EDP triples second-quarter earnings

Energias de Portugal (EDP) tripled its second-quarter profit to €408 million, thanks to the surge in renewable energies.
Bénéfice EDP Renouvelables deuxième Trimestre

Eco Wave Power wins EDF Pulse award for its wave energy technology

Eco Wave Power, headed by Inna Braverman, wins the EDF Pulse 2024 award for its innovative wave energy technology, marking a significant advance in decentralized energy systems.
Innovation énergie des vagues

Heat intensifies competition on Mediterranean LNG markets

LNG prices in the Eastern Mediterranean are at a two-month high, surpassing those in the Western Mediterranean, as demand soars due to heat waves.
Compétition accrue LNG Méditerranée

Ocean Winds and Martifer announce partnership for park in Portugal

Ocean Winds and Martifer Renewables & Energy join forces to participate in Portugal's first tender for floating offshore wind farms, strengthening their position in the renewable energy market.

Splight Inc. raises $12M to use AI to reduce energy congestion

Splight Inc. obtains $12 million to develop its AI technology, reducing grid congestion and optimizing the integration of renewable energies.
Illustration de l'utilisation de l'IA dans l'éolien

Repsol: Earnings up 14% despite lower gas prices

Spanish energy group Repsol has announced a 14% rise in net profit for the first half of 2024, to €1.63 billion, despite falling oil and gas prices.
Repsol bénéfice hausse 14%

Portugal targets 93% renewable energy in electricity consumption by 2030

Portugal plans to achieve a 93% share of renewable energies in its electricity consumption by 2030, according to an updated draft of its energy and climate plan.
Portugal increases renewable energies carbon neutrality

Galp Energia reports improved quarterly results

Galp Energia reported a 16% rise in second-quarter adjusted net income, despite a 9% reduction in hydrocarbon production.
Une vue de la raffinerie de Galp Energia au Portugal

R.Power inaugurates a new 4.8MWp photovoltaic farm in Portugal

Polish developer R.Power has inaugurated a new 4.8 MWp photovoltaic farm in Serta, Portugal, strengthening its presence in the local market.
Expansion photovoltaïque au Portugal

Iberdrola Increases Photovoltaic Capacity in Portugal with Two Plants

Iberdrola inaugurates two photovoltaic plants in the Algarve, adding 37 MW to Portugal's energy capacity, enough to power 19,000 homes.
Croissance renouvelable au Portugal

Portugal: 51% renewable energy target by 2030

The Portuguese government is stepping up its climate ambitions, aiming to increase the share of renewable energies to 51% of final energy consumption by 2030, compared with the current target of 47%.

Germany: 100 TWh of green hydrogen imported via pipelines by 2035

A study reveals that Germany could import up to 100 TWh of green hydrogen per year via pipelines by 2035, meeting a significant proportion of its projected energy demand.
Importation d'hydrogène vert Allemagne

Poland calls for EU Hydrogen Bank auction reforms

Poland is calling for reform of the EU's renewable hydrogen auctions to ensure fair competition between member states, in the face of Spanish and Portuguese dominance.
Équité enchères hydrogène renouvelable UE

Cepsa and PreZero sign partnership for biomethane production

Cepsa and PreZero Spain are working together to develop biomethane plants, targeting an annual production capacity of 100GWh.
Partenariat biométhane décarbonisation Espagne

TotalEnergies withdraws from key South African gas field

TotalEnergies has announced its withdrawal from the 11B/12B offshore gas field, posing a challenge to South Africa's energy ambitions.
Retrait champ gazier TotalEnergies

Cepsa and the EIB invest €285 million in biofuels in Andalusia

The European Investment Bank (EIB) and Cepsa sign a €285 million loan to finance a biofuels plant in Andalusia. This initiative aims to produce sustainable fuels from organic waste, supporting the circular economy and the decarbonization of transport.
'usine de biocarburants en construction à Palos de la Frontera.

Offshore drilling failure for Equinor in Argentina

Equinor's first offshore well in Argentina, Argerich-1, showed no clear sign of hydrocarbons. In-depth analyses will be carried out over the coming months to assess the area's potential.
Échec de Forage Offshore pour Equinor en Argentine.
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