Corporate power and renewables in brief

Table of contents

• Iberdrola, Ocean Winds and CIP awarded US offshore wind contracts
• Ørsted and Iberdrola secure key offshore wind CfDs at AR6
• Vattenfall pauses largest planned offshore wind project in Sweden
• TotalEnergies expands its solar position in India
• Ørsted hit by green fuel project cancellation and further US offshore wind delays
• RWE’s renewables progress overshadowed by M&A speculation
• Equinor adds to US offshore wind portfolio
• EnBW reports H1 results underpinned by strong networks and renewables
• Iberdrola ramps-up networks business through ENW acquisition
• ENGIE’s solid H1 2024 results driven by renewables and flex gen
• EDF’s nuclear recovery continues
• EDP H1 2024 results boosted by asset sales and hydro output
• Enel reports positive H1 results underpinned by renewables
• RWE partners with TotalEnergies to deliver offshore wind in Netherlands
• TotalEnergies takes FID on German battery storage project
• Iberdrola delivers strong H1 results and increases FY2024 guidance (again)
• Vattenfall and SSE report strong renewables output
• Iberdrola sells US offshore wind lease area to Dominion Energy
• EnBW’s pilot project produces lithium salt from geothermal waters
• TotalEnergies and EnBW win latest German offshore wind tender
• Ørsted takes FID on 300 MW battery energy storage system
• SSE and Vattenfall/CIP JVs win Dutch offshore wind tender
• Ørsted and Equinor sign major US offshore wind offtake agreements
• European utilities’ Q1 2024 results round-up
• SSE posts steady full-year results
• RWE acquires US solar and storage development portfolio
• ENGIE’s Q1 underpinned by strong earnings in renewables and flex gen
• RWE delivers solid Q1 performance in face of lower power prices
• EDP cuts investment outlook on lower prices
• Enel sets positive tone for 2024 with strong Q1 results
• Ørsted reports good start to 2024 driven by offshore wind
• Vattenfall delivers strong Q1 results, supported by price hedges
• Ørsted and Iberdrola exit non-core markets
• Iberdrola posts strong Q1 results and increases FY2024 guidance
• Vattenfall confirms offshore wind asset sell-down to BASF
• TotalEnergies, RWE and CIP suffer blow to New York offshore wind projects
• TotalEnergies expands its battery storage position in Belgium
• US DOE announces US$6.3B in funding for industrial decarbonisation projects
• Ørsted takes FID on Sunrise offshore wind project in US
• European utilities’ 2023 results round-up
• Shell exits US offshore wind project, SouthCoast Wind
• Iberdrola leans further towards networks in CMD 2024
• Enel 2023 results buoyed by hydro rebound and asset sales
• RWE posts impressive FY 2023 results
• Shell’s Energy Transition Strategy 2024 – nothing to see here
• Ørsted farms-down US onshore wind assets
• Iberdrola makes an offer for full ownership of its US subsidiary, Avangrid
• Enel partners on battery storage build out
• EDP Q4 results: hydro recovers but a mixed year for wind and solar
• Equinor and Ørsted win US offshore wind offtake
• Ørsted appoints new CFO and COO
• Iberdrola and ENGIE Q4 2023 results
• EDF returns to profit but warns on price and cost risks
• SSE highlights renewable operational challenges
• Ørsted changes tack with a conservative revised plan
• Vattenfall 2023 results hit by lower power prices
• TotalEnergies acquires 200 EV charging points in Spain
• Ørsted withdraws from another US offtake agreement
• Equinor and BP end US offshore wind partnership
• TotalEnergies boosts its US commercial offshore wind portfolio
• EDF’s UK nuclear costs mushroom
• Eni's Plenitude joins Spanish offshore wind venture
• TotalEnergies expands its European offshore wind and battery storage businesses
• EIP buys into Eni's Plenitude
• TotalEnergies sells-down stake in Seagreen offshore wind farm to PTTEP
• RWE buys 4.2 GW UK offshore wind development portfolio from Vattenfall
• Ørsted takes FID on giant UK offshore wind farm
• EDF and TotalEnergies target hydropower in Mozambique
• First offshore wind success in Asia for RWE
• BP takes full ownership of Lightsource BP
• Vattenfall spotlights energy transition prospects
• RWE powers forward at CMD 2023
• Enel unveils leaner three-year plan
• UK offshore wind CfD price up 66%. Who might bid in AR6?
• RWE and SSE report strong earnings
• TotalEnergies acquires 1.5 GW of flexible power generation capacity in Texas
• ENGIE and Enel report strong Q3 2023 results
• EDP upgrades full-year profit guidance, maintains renewable project returns
• Ørsted Q3 results include a US$4 billion impairment
• Iberdrola and Vattenfall Q3 2023 results
• TotalEnergies strengthens its integrated power business in Germany
• TotalEnergies, RWE and CIP awarded offtake for US offshore wind projects
• Ørsted farms-down 50% of Gode Wind 3 offshore wind farm
• SSE and TotalEnergies complete Scotland’s largest offshore wind farm
• Equinor starts-up world’s largest offshore wind farm
• Ørsted shares slump on asset write-down warning
• Engie acquires Broad Reach Power, expands in US battery storage
• Offshore wind earnings increase for Ørsted and RWE in H1 2023
• EDF Renewables locks-in 7 GW solar PV module supply in US
• European utilities results rebound on return to stability
• Ørsted divests remaining stake in 630 MW London Array
• Equinor buys renewable assets in Brazil
• Vattenfall stops further development of major UK offshore wind project
• Vattenfall and SSE report weak renewables power generation
• INPEX enters Australia renewables sector with Enel Green Power deal
• Big Oil wins big in latest German 7 GW offshore wind tender
• Is tax credit boost for Ørsted’s Ocean Winds I enough for FID?
• Shell narrows focus, shrinks ambition
• Ørsted delivers buoyant offshore wind focussed CMD 2023
• SSE sees profits surge, upgrades growth targets
• RWE and ENGIE make impressive start to 2023
• Hydro recovery boosts EDP
• Ørsted reports good start to 2023
• Vattenfall reports return to stability
• EDF sales rise on higher prices
• Strong Q1 for Iberdrola as renewables and hydro normalise
• EDF and CEIC plan China energy island
• Iberdrola agrees to sell CCGTs in Mexico for US$6 billion
• RWE posts impressive FY 2022 results
• Ørsted expands its Irish solar portfolio
• EDP puts renewables growth at heart of updated strategy
• BP announces plan for green hydrogen project in Spain
• EDF slumps to record loss
• BP strategy update – leaning back from transition
• PETRONAS set to add Australian solar to renewables portfolio
• TotalEnergies flips French renewable power assets
• Ørsted 2022 prelims include material impairment on US offshore wind project
• Ørsted ups its stake in Ocean Wind 1 in the US to 100%
• Ørsted takes FID on its largest solar project to date
• Equinor and RWE form hydrogen partnership
• Ørsted takes FID on Swedish e-methanol power-to-x project
• Repsol acquires Asterion Energies to add 7.7 GW of renewables capacity
• Shell wins tender to develop fourth Netherlands offshore wind project
• Europeans dominate US floating offshore wind lease auction
• Eni boosts Italian renewables portfolio
• Enel sharpens strategic and financial focus
• SSE profits surge, sticks to strategy, faces UK windfall tax
• Iberdrola’s CMD 2022 shifts emphasis towards regulated assets
• Ørsted Q3 earnings buoyed by conventional assets
• Equinor expands in European solar with BeGreen acquisition
• Ørsted and CIP form powerhouse offshore wind partnership in Denmark
• TotalEnergies goes big on Brazilian renewables
• Ørsted decides not to bid in latest Taiwan auction
• US acquisition a big deal for RWE
• Chevron signs geothermal collaboration agreement
• Eni's Plenitude enters new partnership to develop solar and wind projects
• Ørsted raises FY 2022 guidance but expectations for offshore wind fall
• Offshore wind will deliver 25% higher cash margins than upstream
• Equinor adds battery storage to US low-carbon offering
• Shell takes FID on Holland Hydrogen I
• Eni's Vårgrønn gets Dogger Bank, expands scope and ambition
• Equinor and SSE acquire Triton Power, stepping up UK hydrogen ambitions
• Eni postpones Plenitude IPO
• BP takes 40.5% operated stake in the Asian Renewable Energy Hub
• TotalEnergies initiates new Indian hydrogen drive with Adani
• Repsol unlocks ‘see through value’ for its renewables business
• TotalEnergies makes its largest US renewables acquisition to date
• TotalEnergies expands US Offshore wind portfolio
• Shell makes US$1.55 billion renewables acquisition
• Offshore wind: Europe’s leading companies
• Euro Majors form new offshore floating wind partnerships
  • Ørsted boosts IRRs through farm-down of 50% stake in giant 1.3 GW Hornsea 2
• Record bids in US offshore wind lease sale
• TotalEnergies adds to its US renewables business
• Ørsted delivers 2021 earnings in line with guidance but offshore wind struggles
• Euro Majors boost UK wind portfolios

Tables and charts

This report includes 27 images and tables including:

• RWE Q1 2024 adj. EBITDA
• Projects selected through IDP use technology that is ready for deployment but high in capital need
• RWE FY2023 adj.EBITDA

What's included

This report contains:

• Corporate power and renewables in brief

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