Tag Archives: energy security

Germany, Latvia and Lithuania Advance Baltic-German PowerLink to Connect Offshore Wind and Strengthen Regional Energy Security

(IN BRIEF) Germany, Latvia and Lithuania have agreed to jointly develop the Baltic-German PowerLink, a hybrid subsea electricity interconnector that will link their grids and connect offshore wind capacity in the Baltic Sea. Transmission operators 50Hertz, AST and Litgrid will … Read the full press release

Enagás Exceeds 2025 Financial Targets While Advancing Hydrogen Infrastructure and Strengthening Energy Security Role

(IN BRIEF) Enagás delivered better-than-expected results in 2025, reporting recurring profit after tax of €266.3 million and EBITDA of €675.7 million, supported by cost efficiencies, strong contributions from investee companies and resilient gas system operations. Natural gas transport demand rose … Read the full press release

EIB Financing Supports Major Solar Expansion in Romania to Accelerate Clean Energy Transition

(IN BRIEF) The European Investment Bank is providing €34 million in financing for three photovoltaic projects in southwestern Romania, part of a €121 million funding package alongside the EBRD and BCR. Developed primarily by Scatec with partner Defic Globe, the … Read the full press release

Siemens Highlights 125 Years of Innovation and Infrastructure Development in Egypt

(IN BRIEF) Siemens celebrated 125 years of partnership with Egypt in Cairo on 8 February 2026, reaffirming its role as a key contributor to the country’s infrastructure, energy, and digital transformation. The company highlighted its involvement in landmark projects such … Read the full press release

RWE Deepens Strategic Energy Partnership with ADNOC and Masdar to Strengthen Europe’s Energy Security

(IN BRIEF) RWE has signed two Memoranda of Understanding with ADNOC and Masdar during the German Chancellor’s state visit to the UAE, establishing a framework to explore long-term LNG supplies of up to 1 million tonnes per year for Germany … Read the full press release

DNV to Support Cadent in Delivering Safe and Scalable Hydrogen Infrastructure from Humber to Nottinghamshire

(IN BRIEF) DNV has been appointed by Cadent as Owner’s Engineer for the Front-End Engineering Design of the H2East Pipeline from Humber to Nottinghamshire, a project intended to anchor the UK’s emerging hydrogen transmission network and support industrial decarbonisation, energy … Read the full press release

EBRD achieves historic investment levels in Latvia, Lithuania, and Estonia while deepening regional capital markets

(IN BRIEF) The EBRD invested a record €654 million in the Baltic states in 2025, driven by unprecedented levels of financing in Latvia and Lithuania and continued strong performance in Estonia, with more than 95 per cent of funds supporting … Read the full press release

RWE Secures Long-Term Power Licence for Denmark’s Largest Offshore Wind Project

(IN BRIEF) RWE has secured a 30-year electricity production licence for the Thor offshore wind farm, marking a significant milestone for Denmark’s largest offshore wind project. With an installed capacity of 1.1 gigawatts, Thor is expected to supply renewable electricity … Read the full press release

Intesa Sanpaolo Strengthens Strategic Role in Financing UK Infrastructure and Energy Transition

(IN BRIEF) Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, is strengthening its role as a strategic partner for UK infrastructure by supporting major projects across energy, construction, ports, and the energy transition. Recent financings for National Grid … Read the full press release

Eni Optimises Upstream Portfolio With Partial Divestment of Baleine Project

(IN BRIEF) Eni has signed a binding agreement with SOCAR for the sale of a 10 percent stake in the Baleine offshore project in Côte d’Ivoire, while retaining operatorship and a 47.25 percent interest. The transaction aligns with Eni’s dual … Read the full press release

Skanska and Svenska kraftnät Advance Stockholm Grid Capacity with New 400 kV Connection

(IN BRIEF) Skanska has signed a SEK 500 million contract with Svenska kraftnät to expand the electricity grid in western Stockholm through the installation of a new 10-kilometer-long 400 kV cable connection between Kronåsen and Råcksta. The project is part … Read the full press release

Iberdrola and Avangrid Commission New England Clean Energy Connect to Deliver Canadian Hydropower to the US

(IN BRIEF) Iberdrola, via its US subsidiary Avangrid, has commissioned the New England Clean Energy Connect transmission line, a 233-kilometer project delivering hydroelectric power from Quebec to New England. With a capacity of 1,200 MW, the $1.65 billion infrastructure strengthens … Read the full press release

ORLEN Strengthens Small-Scale LNG Market Position with Over 245,000 Tonnes Delivered in 2025

(IN BRIEF) ORLEN delivered more than 245,000 tonnes of small-scale LNG to customers in 2025, reinforcing its strong position in the Polish market and its growing presence in the Baltic region. Supplied from the Świnoujście terminal, the Klaipėda reloading facility … Read the full press release

EIB Provides €220 Million to Support Grid Expansion and Energy Transition in West Mecklenburg

(IN BRIEF) The European Investment Bank has granted WEMAG a €220 million loan to finance the expansion and modernization of electricity grid infrastructure in West Mecklenburg. Covering more than one-third of WEMAG’s planned investments over the next four years, the … Read the full press release

EDF’s Heysham 2 Overtakes Hinkley Point B as Britain’s Top-Generating Nuclear Plant

(IN BRIEF) Heysham 2 power station in Lancashire has become the UK’s most productive nuclear facility after generating nearly 311TWh of electricity since 1988, overtaking Hinkley Point B. Operated by EDF, the station has provided decades of reliable low-carbon power, … Read the full press release

Loviisa Nuclear Power Plant Delivers Strong Output and Advances Modernisation Plans

(IN BRIEF) Fortum’s Loviisa Nuclear Power Plant produced 7.9 TWh of electricity in 2025, covering roughly 10% of Finland’s electricity consumption and achieving an overall availability rate of 89.4%. While production remained at a strong level, output was slightly impacted … Read the full press release

EIB and AfDB Back Major Expansion of Cabo Verde’s Cabeólica Wind Project to Boost National Clean-Energy Supply

(IN BRIEF) Cabo Verde has inaugurated new wind turbines and a major battery storage system as part of the expansion of the long-established Cabeólica renewable energy project. Supported by more than €39 million in new financing from the European Investment … Read the full press release

New EIB Financing Boosts Ocean Winds’ 390 MW BC-Wind Development and Strengthens Poland’s Renewable Energy Transition

(IN BRIEF) The European Investment Bank has committed €600 million to the 390 MW BC-Wind offshore wind farm developed by Ocean Winds, becoming the project’s largest lender and reinforcing its deep involvement in Poland’s renewable energy expansion. Scheduled to begin … Read the full press release

Wood Expands Decade-Long Role in Iraq with New Agreement to Deliver EPC and Engineering Services at West Qurna 1

(IN BRIEF) Wood has secured a new contract with PetroChina to deliver project management, engineering and EPC services at the West Qurna 1 oilfield in southern Iraq, reinforcing more than a decade of collaboration at one of the world’s most … Read the full press release

ORLEN Secures Environmental Approval for Baltic East Offshore Wind Project, Paving Way for Poland’s First Offshore Wind Auction

(IN BRIEF) ORLEN has secured a crucial environmental approval for its Baltic East offshore wind farm, positioning the 1 GW project to compete in Poland’s first offshore wind auction this December. The decision from RDOŚ enables ORLEN to finalize permits, … Read the full press release