European Energy recorded strong operational progress in 2025 as it advanced renewable energy deployment across multiple technologies and markets.
Revenue for the year reached €766m, significantly higher than €416m in 2024, while EBITDA rose to €170m, the company said.
Project sales totalled €620m, and curtailed production limited power sales to €138m, according to the company.
“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 Knud Erik Andersen, chief executive and co-founder of European Energy.
“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.”
The company launched a fast-track roll-out of battery energy storage systems to address curtailment and margin pressure, with its BESS pipeline expanding from 2.4GW to 7.4GW during the year.
Grid-connected BESS capacity reached 54MW and 204MWh following an upgrade at Kvosted Energy Park, and further upgrades are planned to improve flexibility and revenue across solar and wind projects.
A key milestone was the start of operations at the Kassø e-methanol facility in Denmark, described as the world’s first large-scale commercial plant of its kind.
During the year, 1189MW of renewable energy projects reached final investment decision and entered construction as 6GW entered structuring, reflecting the strength of the development pipeline.
European Energy ended 2025 with about 1.3GW under construction across eight countries and a total managed energy production capacity of 3.8GW across five technologies.
The company grid-connected 662MW across 14 projects and produced 4.5TWh of renewable electricity, avoiding 1 million tonnes of CO₂-equivalent emissions.
It secured more than 20 PPAs and 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 Jens Due Olsen, chair of the board of European Energy.
“European Energy has broadened its technology base and strengthened its project pipeline across the board.”
The company expects improved financial performance in 2026, with an EBITDA outlook of €200–300m, supported by higher project sales, reduced curtailment and increased BESS integration.