Tag Archives: energy security

EIB Advances €50 Million for Iberdrola’s il·lumina to Rebuild Flood‑Damaged Valencia Grid

(IN BRIEF) The EIB has provided Iberdrola with two €25 million loans—half from its own funds and half via Spain’s Regional Resilience Fund—to back il·lumina, the utility’s project to reconstruct and future‑proof the Valencia distribution grid damaged in the 2024 floods. … Read the full press release

EIB Supports Snam with €264 Million Loan for Expanding Italy’s Biomethane Energy Infrastructure

(IN BRIEF) The European Investment Bank (EIB) has approved a €264 million loan to Snam to construct 240 km of new pipelines aimed at integrating biomethane production into Italy’s national gas transmission system. The initial €140 million tranche has been … Read the full press release

UK Raises AR7 CfD Strike‐Price Caps to £113/MWh Offshore and £271/MWh Floating Wind, Says WindEurope

(IN BRIEF) The UK has increased strike‑price caps for its AR7 CfD auction to £113/MWh for fixed‑bottom offshore wind, £271/MWh for floating offshore wind, and £92/MWh for onshore and remote island wind, all indexed to 2024 prices. WindEurope director Viktoriya … Read the full press release

RWE Wins Consent for Byers Gill 180 MW Solar and Battery Storage Project in North East England

(IN BRIEF) RWE has obtained NSIP approval for the 180 MW (AC) Byers Gill Solar Farm and its equal‑sized battery storage installation near Stockton and Darlington, pending a final investment decision. The co‑located project will store solar energy for dispatch during peak … Read the full press release

EBRD and EIB Launch €410 Million Ukraine FIRST Fund to Catalyse Urban, Energy, and Tourism Recovery

(IN BRIEF) At the Ukraine Recovery Conference in Rome (10–11 July 2025), the EBRD will present a comprehensive €410 million financing package for urban development and sustainable tourism via the Ukraine FIRST Cooperation Fund, co-managed with the EIB. Funds flow … Read the full press release

Eneco Extends Utrecht Cogeneration Plants to Prevent Grid Overloads

(IN BRIEF) Eneco will extend the lifespans of its two gas-fired cogeneration plants in Utrecht to support the local grid under a three- to nine-year agreement with TenneT and Stedin. Facing maximum capacity and projected overloads by winter 2026–2027, Utrecht’s … Read the full press release

AFRY Appointed Technical Advisor for World’s Largest 3.5 GWp Solar + 4.5 GWh Battery Project in the Philippines

(IN BRIEF) AFRY is serving as lenders’ technical advisor for Terra Solar Philippines Inc.’s 3,500 MWp solar and 4,500 MWh battery storage project—the largest globally. Backed by Meralco’s MGreen and financed by six banks, the facility spans Nueva Ecija and … Read the full press release

ORLEN Completes Transition to 100% Non-Russian Crude, Securing Regional Energy Independence

(IN BRIEF) As of 1 July 2025, the ORLEN Group has fully phased out Russian crude oil following the expiry of its last Rosneft contract, marking a key milestone in regional energy security. Under CEO Ireneusz Fąfara’s leadership, ORLEN’s refineries … Read the full press release

EU Shareholders Greenlight Record €100 Billion EIB Financing Ceiling to Power Defence, Energy, and Tech

(IN BRIEF) EU Finance Ministers, acting as shareholders of the EIB Group, have endorsed a record €100 billion 2025 financing ceiling, boosting defence lending to 3.5 percent of the total and dedicating over €11 billion to grid and storage investments. … Read the full press release

Wood and TendrillWood JV to Lead Five-Year Brownfield EPC Initiatives for Brunei Shell

(IN BRIEF) Wood and its JV partner Tendrill have secured a five-year contract—with a two-year extension option—to provide comprehensive brownfield EPC services for Brunei Shell Petroleum’s offshore and onshore facilities. The agreement entrusts the TendrillWood JV with full-cycle project delivery, … Read the full press release

Wood Wins $2.8 Billion EPCm Contract from ADNOC to Modernise UAE’s Habshan Gas Complex

(IN BRIEF) Wood has been awarded a $2.8 billion EPCm contract by ADNOC to upgrade and expand processing at the Habshan and Habshan 5 gas complexes in the UAE, with around $400 million attributable to EPCm services. The scope involves … Read the full press release

MOL and SOCAR Expand Partnership with New Onshore Oil Exploration Project in Shamakhi-Gobustan

(IN BRIEF) MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement covering Azerbaijan’s Shamakhi-Gobustan regions, reinforcing their strategic energy partnership. MOL is expected to act as operator with a 65% share, while SOCAR … Read the full press release

TotalEnergies and RGE Launch Pioneering Solar and Battery Project in Indonesia, Securing Licence to Import 1 GW of Clean Power to Singapore

(IN BRIEF) TotalEnergies and RGE have announced a major renewable energy project in Indonesia, where their joint venture, Singa Renewables, has received a conditional licence from Singapore’s Energy Market Authority (EMA) to import 1 GW of clean power. The project, … Read the full press release

Centrica Energy Expands into North America with New Office in New York to Support Gas Optimisation and Power Trading

(IN BRIEF) Centrica Energy is opening its first US office in New York, marking the company’s entry into North America’s gas optimisation market. Following its entry into power markets in 2024, Centrica Energy plans to build a comprehensive gas, power, … Read the full press release

ABB’s BESS-as-a-Service Offers Businesses a Flexible, Zero-CapEx Solution for Energy Storage and Sustainability

(IN BRIEF) ABB has launched its Battery Energy Storage Systems-as-a-Service to provide businesses with a flexible, zero-CapEx solution for energy storage. This service, designed for various industries, enables companies to adopt advanced energy solutions without large capital investments, ensuring immediate … Read the full press release

Latvia Chosen as Host for the EBRD’s 35th Annual Meeting in 2026 to Highlight Investment Opportunities

(IN BRIEF) The EBRD has announced that its 35th Annual Meeting will be held in Riga, Latvia, from June 5 to 7, 2026. The event, expected to attract over 2,000 participants, will feature a comprehensive programme, including discussions on investment … Read the full press release

KfW Strengthens Global Role with High Stable New Business in 2024 and Continued Focus on Climate Protection and Biodiversity

(IN BRIEF) KfW’s 2024 international business performance shows a stable level of EUR 34.2 billion, with a continued focus on climate protection, biodiversity, and geostrategic objectives. Through its subsidiaries, KfW supports projects aligned with Germany and Europe’s economic and geopolitical … Read the full press release

Euronext introduces new initiatives to strengthen Europe’s strategic autonomy in energy, security and defense sectors

(IN BRIEF) Euronext has introduced a series of initiatives focused on enhancing Europe’s strategic autonomy in energy, defense, and technology. These initiatives include the launch of thematic indices targeting energy security, aerospace, defense, and strategic autonomy. Additionally, Euronext is updating … Read the full press release

Official Start of Permitting Process for Zeeland Energy Terminal by VTTI and Höegh Evi to Enhance Energy Security

(IN BRIEF) VTTI and Höegh Evi have launched the permitting process for the Zeeland Energy Terminal (ZET), a key project for enhancing the Netherlands’ energy infrastructure. The Ministry of Climate and Green Growth (KGG) has issued the Notification of Intent … Read the full press release

INEOS and Covestro Forge Strategic Long-Term Natural Gas Agreement to Strengthen European Industrial Competitiveness

(IN BRIEF) INEOS and Covestro have entered into a long-term natural gas supply agreement lasting up to eight years, ensuring stable and predictable energy for Covestro’s European operations. The agreement, set to begin in 2027, supports both companies’ goals to … Read the full press release