European Energy advanced hybrid energy projects across several core markets during the first quarter of 2026 while continuing the commercial expansion of its Power-to-X activities.
Revenue for the quarter reached €80.3 million, while earnings before interest, taxes, depreciation and amortisation amounted to €5.3 million. Profit before tax was €-21.5 million, mainly due to the absence of major project sales completed during the quarter.
The company continued the rollout of battery energy storage systems across its portfolio, with projects under construction or development in Denmark, Lithuania, the United Kingdom, Australia and Poland.
By the end of the first quarter, around 400 MW of battery energy storage projects, equivalent to 1,100 MWh, had reached final investment decision.
European Energy said it has continued its transition from a solar and wind developer to an integrated hybrid energy company combining solar, wind and battery technologies.
The company expects financial performance to improve during the second half of 2026 as deferred project sales are completed and operational assets contribute stable earnings. European Energy maintained its full-year 2026 EBITDA guidance of €200 million to €300 million.
