European Power & Renewables: what to look for in 2026

Europe’s power sector enters 2026 at a pivotal moment. Rapid growth in renewables, the stuttering progress of electrification, and surging data centre demand are transforming market dynamics while exposing structural weaknesses in permitting, markets and system flexibility. Our annual What to Look For report highlights the commercial, policy, and technical developments that will shape the year ahead — from accelerating grid investment and evolving capacity markets to nuclear momentum, offshore wind tender redesign, solar revenue pressures, and storage’s shift toward co‑location. With power prices set to fall as new LNG supply arrives, the question is whether Europe can maintain progress toward decarbonisation while ensuring security, affordability, and investment stability.