European Energy reported higher revenue in 2025 as the renewable energy developer expanded projects across multiple markets, though power curtailment affected electricity generation and project sales during the year.
The company reported revenue of €766 million in 2025, compared with €416 million in 2024, while gross profit rose to €258 million from €224 million the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to €170 million, and profit before tax reached €39 million, up from €29 million in 2024.
Project sales accounted for €620 million in revenue, reflecting increased development activity across the company’s renewable portfolio. Electricity sales from the company’s independent power producer (IPP) assets generated €138 million, only slightly higher than the previous year due to curtailed power production.
Chief Executive Officer Knud Erik Andersen said the company continued to expand its renewable portfolio while developing new business segments including Power-to-X technologies and battery energy storage systems.
To address curtailment challenges and margin pressures, European Energy accelerated battery storage deployment across its projects. The company’s battery energy storage pipeline expanded to 7.4 GW in 2025, up from 2.4 GW a year earlier.
Grid-connected storage capacity reached 54 MW with 204 MWh of storage, following an upgrade at the Kvosted Energy Park, which the company described as the largest combined solar and battery facility in Northern Europe.
The company also began operations at the Kassø e‑methanol facility, a commercial plant producing e-methanol using renewable electricity and biogenic carbon dioxide. The fuel is intended as a lower-carbon alternative for the shipping and chemical industries.
During 2025, 1,189 MW of renewable energy projects reached final investment decision and entered construction, compared with 666 MW in 2024. Around 6 GW of projects were in the structuring phase by the end of the year.
European Energy reported 1.3 GW of capacity under construction across eight countries, while total owned and managed generation capacity reached 3.8 GW across five renewable technologies.
The company connected 662 MW of renewable energy capacity to the grid across 14 projects during the year and generated 4.5 TWh of electricity from assets it owns or manages. According to the company, this output is equivalent to the annual electricity consumption of about 1.2 million households and avoided roughly one million tonnes of carbon dioxide emissions.
European Energy also secured more than 20 power purchase agreements (PPAs) and contracts for difference covering over 1.2 GW of capacity across Europe and Australia, providing long-term revenue visibility for its projects.
Board Chair Jens Due Olsen said the company’s expanded technology portfolio and project pipeline position it for further growth.
Looking ahead, European Energy expects improved financial performance in 2026, forecasting EBITDA between €200 million and €300 million, depending on market conditions and the timing of project divestments.
