European Energy has been selected as one of the three projects to receive support under Germany’s hydrogen auction framework linked to the European Hydrogen Bank (EHB). The company has been awarded funding of up to €228 million to support the development of an additional 150 MW of hydrogen production capacity in Denmark. The project will support the decarbonisation of industrial processes and transport sectors across Europe.
In May 2026, European Energy commenced construction of a 225.5 MW agrivoltaic project in Sicily, Italy, following a final investment decision of more than €200 million. The project is expected to generate around 405 GWh of electricity annually, sufficient to power more than 135,000 households. European Energy will manage engineering, procurement and construction activities.
In April 2026, European Energy signed a long-term power purchase agreement with Mars for the Skuodas wind farm project in Lithuania. The project will have an installed capacity of 161 MW and is expected to generate around 490 GWh annually. Commercial operations for the project are targeted by 2028. Additionally, the project will help offset roughly 120,000 tonnes of carbon emissions annually.
