European Energy posts solid H1 2025 results, achieves record construction activity and launches landmark e-methanol facility

European Energy delivers a positive first half in 2025, marked by the launch of the world’s largest market-based e-methanol facility, significant steps in energy storage, and record construction activities.

Copenhagen, Denmark – 29 August 2025 – European Energy has delivered solid operational and financial results in the first half of 2025, marked by record construction activity, significant project milestones, and further expansion into green fuels and energy storage solutions.

The company achieved a historic breakthrough with the completion—in record time—of the world’s largest market-based e-methanol facility at Kassø, Denmark. The facility is now operational, and the first green fuels have been delivered to Laura Maersk, the first container vessel purpose-built for sailing on e-methanol, which was bunkered at the port of Aabenraa earlier this year. All customers are expected to receive green fuels from Kassø this year.

In the first half of 2025, European Energy experienced an unexpected adverse outcome in an arbitration case in Italy that had been pending since 2018. Excluding this one-off expense, EBITDA totalled EUR 99m, up from EUR -2m in the same period last year, while the result before taxes increased to EUR 45m from EUR -50m. Including the one-off, EBITDA and the result before taxes were EUR 93m and EUR 36m, respectively.

Despite this extraordinary item, the first half of 2025 delivered the best H1 result in the company’s history.

Electricity production increased by 4% to 1,063 GWh, equivalent to avoiding approximately 255,176 tonnes of CO₂e emissions.

Ramping up power-to-x and battery storage

Alongside its green fuel production, European Energy has taken the Final Investment Decision to expand the Måde Green Hydrogen site with an additional electrolyser unit.

The company is also significantly stepping up its engagement in Battery Energy Storage Systems (BESS). A first test system is expected to be commissioned in 2025 on the island of Zealand, Denmark. This pilot project is already being followed by construction projects totalling 122 MW/400 MWh of capacity, scheduled to be realised in the coming months.

In parallel, European Energy is developing a pipeline of battery storage systems of more than 15 GWh across all markets. The initial target is to have 1 GWh of installed capacity across the Nordic region and the Baltics by the end of 2027, while additional large-scale BESS capacity is also being developed in the UK, Australia, and Poland.

At mid-year, European Energy had 1.7 GW of projects under construction, the highest level ever for the company and marking the fourth consecutive year of record growth. Construction activities now span wind, solar, green hydrogen, and battery storage systems, reflecting the continued diversification of the business.

In the first half of 2025, the company divested 1,252 MW of renewable assets, including, among others, a portfolio of six operational Polish wind farms.

“With record construction levels, a major power-to-x milestone, and accelerating investments in energy storage, European Energy continues to demonstrate the strength of our business model,” says Knud Erik Andersen, CEO and Co-founder of European Energy. “While the investment environment remains challenging, our diversified portfolio, global reach, and ability to deliver large-scale green projects give us confidence for the future.”

Despite the current divestment market and headwinds in the U.S.—where European Energy has limited exposure—the company remains confident in the accelerating build-out of green energy solutions in Europe and Australia, which constitutes almost all its business activities.

Outlook for 2025 is maintained at EUR 200-300mbased on the satisfactory H1 2025 results and a strong project sales pipeline. The likelihood of an EBITDA in the lower half of the range has increased due to the H1 2025 power sales performance being below expectations and to the headwinds in some of European Energy’s markets where project sales are at risk of taking longer time and could slip into 2026. To be in the upper half of the guidance, strong traction and execution on the company’s +20 ongoing sales transactions is needed.

Link to the H1 2025 interim report can be found here: INTERIM REPORT H1 2025

European Energy develops, finances, constructs, and operates onshore and offshore wind and solar farms, as well as Power-to-X facilities and Battery Energy Storage Systems. Based in Copenhagen, Denmark, the company develops projects in 25 countries. Founded in 2004, European Energy has a development pipeline of approximately 65 GW of renewable energy projects.