by Strategic Energy | Feb 11, 2025
VERBUND X Ventures, the corporate venture capital unit of Austria’s leading utility VERBUND, has made a strategic investment in Vireo Ventures, a European early-stage venture capital fund focusing on electrification and digitalization. This partnership underlines VERBUND’s continued commitment to fostering innovation in the energy sector through a targeted fund investment.
by Lucia Colaluce | Feb 10, 2025
Estonia, Latvia, and Lithuania have taken a historic step towards energy independence by fully disconnecting their electricity grids from Russia and Belarus, integrating instead with the European continental system. This move, supported by over €1.23 billion in EU funding, strengthens the region’s energy security and allows for greater integration of renewable energy sources.
by Emilia Lardizabal | Feb 10, 2025
France is solidifying its leadership in floating offshore wind energy with the latest AO6 auction setting a benchmark price of €85.9/MWh, including connection and cable costs. With two new projects awarded in the Mediterranean, the country continues its ambitious expansion, aiming for over 10 GW of offshore wind capacity in the coming years.
by Milena Giorgi | Feb 10, 2025
The Portuguese government has established a new regulatory framework for the authorization of energy storage facilities. The updated regulation, published in the Diário da República, aims to promote the integration of renewable energy sources and strengthen the resilience of the national electricity system.
by Lucia Colaluce | Feb 10, 2025
Solar, wind, and battery storage costs will keep falling, with reductions of up to 11% in 2025. China leads this trend, but Western protectionism may slow the decline of renewables.
by Strategic Energy | Feb 10, 2025
Amazon has been named the top corporate buyer of renewable energy in the European market, having invested in more than 230 solar and wind projects across Europe to date. More than 46 new projects have been added in 2024 across countries including Spain, Portugal, UK, Greece, Italy and Finland.
by Strategic Energy | Feb 10, 2025
The French automotive company Snop has selected EDP to develop solar power plants at its facilities in France, Spain, and Germany, accelerating its sustainability goals. This partnership also strengthens EDP’s position as a leader in decentralized solar energy in Europe and enhances its ability to serve multinational clients seeking such solutions across different markets.
by Emilia Lardizabal | Feb 10, 2025
The FER 2 Decree establishes a Contract for Difference for offshore wind energy with a base price of €185/MWh. According to Michele Scoppio, CEO of Gruppo Hope, the industry is calling for tariff structure adjustments due to rising CAPEX. Additionally, the Ports Decree will modernize key infrastructure for the sector’s development.
by Emilia Lardizabal | Feb 10, 2025
The recent Contracts for Difference (CfD) auction in Romania left more than 1,200 MW of renewable capacity—mainly solar—without subsidies. While wind developers secured contracts at competitive prices, solar projects are now looking for alternatives in the corporate and cross-border PPA markets. The key question remains: are there enough buyers to absorb this volume? Imre Vass analyzes PPA market trends in a conversation with Strategic Energy Europe.
by Lucia Colaluce | Feb 10, 2025
The European Commission warns of the urgent need for investment in electricity grids, hydrogen, and CO₂ storage to sustain the energy transition. More than 50% of the investment is concentrated in Germany, France, and the Netherlands.
February 11, 2025VERBUND X Ventures invests in electrification fund Vireo Ventures to accelerate the energy transformation in Europe
