Industry
Van Oord secures Polish offshore wind contract
Van Oord has been awarded a contract for subsea rock installation on the Bałtyk 2 and 3 offshore wind farms in Poland.
Increase in electricity consumption through 2027 expected to average around 4% annually, driven by growing use for industry, air conditioning, electrification and data centres.
CMS has provided legal counsel to DRI in relation to the physical power purchase agreements (PPAs) concluded with OMV Petrom for three solar projects.
Poland's Tele-Fonika Kable (TFK) and the Industrial Development Agency (ARP) have signed a letter of intent to collaborate on building a cable laying vessel (CLV) for installing and maintaining subsea cables in offshore wind farms, primarily in the Baltic Sea.
Photon Energy N.V. announced that its Hungarian subsidiary Photon Energy Operations HU Kft has signed an asset management agreement for two PV power plants.
Hungary has risen to the top of Europe's solar energy leaderboard, surpassing Greece, with solar power now contributing an impressive 25% of the country's domestic electricity generation in 2024.
PGE and ZE PAK have reached an agreement to establish the terms and conditions for acquiring both a gas and a nuclear project.
Ursula von der Leyen, the President of the European Commission, launched the Global Energy Transition Forum, together with the Executive Director of the International Energy Agency, Fatih Birol.
Wind energy was the top source of electricity production last night, contributing nearly 27% of the total.
The Romanian Ministry of Energy is set to allocate an additional €150 million for electricity storage batteries.
ArcelorMittal Poland, a subsidiary of the global steel giant ArcelorMittal, has begun commissioning new hydrogen furnaces in its annealing shop in Krakow.
Aurora Energy Research has released its inaugural European Renewables Market Overview Report, projecting that intermittent renewable energy capacity in Europe will more than triple by 2050.
Wind energy was 20% of all the electricity consumed in Europe. But Europe is not building enough new wind farms.
DRI, the EU renewable energy division of Ukrainian energy company DTEK, has appointed Ivan Geliukh as its new CEO, succeeding John Stuart, who led the company for nearly three years.
Romania's Ministry of Energy has announced a goal of adding 2,500 MW of new capacity to the country's energy system by 2025.
Masdar has made significant strides in expanding its renewable energy portfolio in Europe through two major acquisitions in the Iberian Peninsula, supporting its ambitious growth objectives.
The European Investment Bank (EIB) and ORLEN Group, Poland's largest energy company, have signed a second loan agreement this year, amounting to €207 million, to support energy transition projects.
Vestas has received turbine orders totaling 151 MW for four projects across Poland, Denmark, Italy, and Portugal.
Nuclearelectrica announced a €1.9 billion EPC contract with an international consortium to refurbish Unit 1 and extend its life by 30 years.
Tauron has inaugurated the Gamów wind farm in the Silesian province, its 14th onshore wind farm. Located in the Rudnik commune, the site includes 15 turbines with a total capacity of 33 MW.
Poland has received €9.4 billion from the EU's National Recovery Plan (NRP) after fulfilling its second and third payment requests.
EIB will provide €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany.
SPIE Energy Poland announced new projects at a time of major investment in Poland to support the energy transition.
The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe by extending a €500 million counter-guarantee to Germany-based Commerzbank AG.
EDP Renewables has started the construction of its first stand-alone battery energy storage (BESS) project in Europe.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
