【SMM Flash News】Grenergy Profits Jump 46% as Revenue Tops €1B Mark

German energy giant E.ON SE has ramped up its 2026–2030 investment plan to €48 billion, responding to the urgent infrastructure needs of the European energy transition. The updated strategy allocates €40 billion specifically to Energy Networks to accommodate the surge in renewable connections, data centers, and battery storage. After reporting a €3 billion adjusted net profit in 2025, the company aims for €3.8 billion by 2030. This massive capital commitment focuses on modernizing distribution grids and industrial decarbonization, which CFO Nadia Jakobi described as the "deciding factor" for a successful energy transition.

EDP Renovaveis (EDPR) reported a 50% year-on-year increase in recurring net profit to €330 million for 2025, driven by a strategic pivot toward low-risk markets in the US and Europe. Recurring EBITDA rose 17% to €1.97 billion, beating its annual guidance. Despite robust operations—with generation up 11%—reported net income was weighed down by non-recurring charges, including impairments in Europe and the repowering of the Meadow Lake IV wind farm in the US. The company forecast a further EBITDA rise to €2.1 billion for 2026.

Danish manufacturer Vestas has received a firm order to supply 92 of its V236-15.0 MW turbines for RWE’s 1.4 GW Norfolk Vanguard West offshore wind farm in the UK. This milestone follows RWE’s success in the UK’s Contracts for Difference (CfD) Allocation Round 7 and its newly formed 50/50 joint venture with KKR to co-develop the multi-billion dollar project. Located 45 km off the Norfolk coast, the wind farm is expected to power 1.5 million British homes. With a final investment decision (FID) targeted for summer 2026, Vestas will also provide a five-year service agreement for the project, which is scheduled for commissioning in 2029