European Energy reported strong operational progress in 2025, posting sharply higher revenue and earnings as it expanded renewable energy deployment across multiple technologies and markets.
The Danish developer said revenue rose to €766 million in 2025 from €416 million a year earlier, while EBITDA increased to €170 million.
Project sales reached €620 million, while curtailed production limited power sales to €138 million, the company added.
“European Energy has delivered operational significant progress and activity across our core renewable energy portfolio as well as achieving significant progress within our new business areas in Power-to-X and Battery Energy Storage Systems,” said chief executive and co-founder Knud Erik Andersen.
“We continue to scale as a company, and our progress reflects the maturity of our pipeline and of our operating model. Whilst the financial results reflect a challenging power market with curtailments, our operational achievements lay the foundation for long-term growth,” Andersen added.
The company accelerated its battery strategy during the year, expanding its battery energy storage system (BESS) pipeline to 7.4GW from 2.4GW as it seeks to mitigate curtailment and margin pressure.
Grid-connected storage capacity reached 54MW and 204MWh following an upgrade at the Kvosted Energy Park, with further improvements planned across solar and wind assets.
A key operational milestone was the start of commercial operations at the Kassø e-methanol facility, which the company described as the world’s first large-scale commercial plant of its type.
During 2025, projects totalling 1,189MW reached final investment decision and moved into construction, while 6GW entered the structuring phase.
By year-end, European Energy had about 1.3GW under construction across eight countries and 3.8GW of managed capacity spanning five technologies. The company also grid-connected 662MW across 14 projects and generated 4.5TWh of renewable electricity, avoiding around 1 million tonnes of CO₂-equivalent emissions.
It secured more than 20 PPAs and contracts for difference (CfDs) covering over 1.2GW across Europe and Australia.
“The board views this year’s progress as an important step in positioning European Energy for the next phase of growth. As market conditions improve, the foundation will enable us to seize opportunities with speed and scale,” said board chair Jens Due Olsen.
The company expects improved financial performance in 2026 and guided for EBITDA of €200 million to €300 million, supported by higher project sales, reduced curtailment and increased integration of battery storage.
