Annual Report 2025
European Energy’s integrated Annual Report 2025 presents our financial and sustainability performance, strategic progress, and outlook for the renewable energy market.
Operational progress was strong in 2025 with significant achievements in Power-to-X and Battery Energy Storage Systems
- Revenue concluded at EUR 766m, substantially higher than EUR 416m in 2024 and any previous year.
- EBITDA was EUR 170m, slightly above EUR 154m of 2024 and within our revised guidance from November 2025.
- Project sales were EUR 619 million, significantly higher than in 2024.
- 1,189 MW renewable asset capacity reached final investment decision, 662 MW were grid-connected, and 1.3 GW were under construction across eight countries.
- The development pipeline progressed, with 6 GW entering structuring and a substantial expansion in battery storage and Power-to-X.
Group Structure and Executive functions for the board members
Green Finance Impact Report 2025
Main events
2025 at a glance
Scroll through some of our main events of 2025.
January
Completed project
Launched our first battery storage project in partnership with Kragerup Estate.
February
Completed project
Commissioned 58 MW Mokoan Solar Park in Australia.
February
Project sale
Sold our largest U.S. utility-scale solar park.
March
Project sale
Sold the 215 MW Lidsø Solar Park in Denmark to Alight.
May
Completed project
Inaugurated Kassø – the world’s first commercial-scale e-methanol facility – developed in partnership with Mitsui & Co.
May
Project sale
Sold an 83.5 MW wind portfolio in Poland to Enea Nowa Energia.
June
Financing and offtake agreement
Signed Power Purchase Agreements with Amazon for three Australian solar parks totalling over 300 MW.
June
Financing and offtake agreement
Secured EUR 70 million in financing for two solar projects in Australia with a combined capacity of 137 MW.
September
Financing and offtake agreement
Issued a EUR 100m bond on NASDAQ to fund development of our project pipeline across solar, wind and energy storage.
September
Completed project
Inaugurated Sweden’s first hybrid wind and solar park with an annual output of 126 GWh. The park combines 50 MW of wind capacity and 39 MW of solar capacity.
September
Project sale
Sold a 33 MW repowered wind portfolio in Germany to a fund advised by EB-SIM. European Energy retains a 25% ownership stake and will continue to manage the assets.
October
Project sale
Agreed to sell 50% of a 111 MW solar and battery project in Latvia to Sampension. The project combines a 65 MW solar park and a 46 MW battery system.
November
Project sale
Sold the 93 MW Coremas Solar Park in Brazil to CEEC Brazil. The park produces around 172 GWh of electricity annually.
November
Financing and offtake agreement
Secured EUR 37.9m in long-term financing for a hybrid solar and battery project in Latvia. The project, co-owned with Sampension, combines a 65 MW solar park and a 92 MWh battery system.
December
Project sale
Sold a majority stake in a 21 MW wind portfolio in Germany to Alterric. The portfolio includes four operating wind turbines with the fifth turbine being under construction.
December
Project sale
Sold half of the 27 MW Tsoukes Sarres Wind Park in Greece to Sampension. The park is expected to reach commercial operations in 2026.
December
Financing and offtake agreement
Awarded Contracts for Difference (CfDs) for five Italian solar projects totalling 513 MW.
December
Completed project
Inaugurated the 215 MW Lidsø Solar Park in Denmark.
December
Completed project
Commissioned the 148 MW Glejbjerg Solar Park in Denmark.
December
Completed project
Commissioned Kvosted Energy Park in Denmark, a combined solar and battery park.
Value creation model
ESRS 2, SBM-1 and E1-3
European Energy creates value across the full renewable energy lifecycle, from screening to operations. Supported by strong financial resources, technical expertise, and strategic partnerships, we deliver long-term value for partners and society while reinvesting in new renewable projects.
Our strategy – A global partner in the green transition
Strong operational delivery and continued ESG progress strengthened our platform in 2025, and while financial results were impacted by market headwinds, we enter 2026 with a more resilient foundation and clear line of sight to improved performance.
Operational execution in 2026:
- 662 MW grid-connected across 14 projects.
- Operating portfolio now generating 4.5 TWh annually — powering app. 1.2 million European households annually.
- Together with managed assets, this avoided over 1 million tonnes of CO₂ emissions.
Powering Up! 2026
Read more about our strategy via the links below:
ESRS 2, SBM-1.
Establish European Energy as a sustainability role model
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Battery storageMessage from the Chair and CEO
Message from the Chair and CEOPower-to-X
Power-to-X
