GS Utilities Daily Enel Q2 26 operating data output up c.4 on strong thermal & nuclear Belgium approves revised offshor...

Equity Research 24 July 2026 | 8:50AM CEST

GS Utilities Daily: Enel Q2 26 operating data: output up c.4% on strong thermal & nuclear // Belgium approves revised offshore auction

Alberto Gandolfi | Goldman Sachs Bank Europe SE - Milan branch

Ajay Patel | Goldman Sachs International

Mafalda Pombeiro | Goldman Sachs International

Dhwani Khenwar | Goldman Sachs India SPL

Lawrence Lavizani | Goldman Sachs International

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Enel Q2 2026 operating data: output up c.4% on strong thermal & nuclear production

Enel released its operating data for Q2 2026. Total generation output stood at c.51 TWh (up c.4% yoy) driven by strong CCGT (+c.30% yoy) and nuclear generation (+c.18% yoy). Solar and wind output was up +c.15% yoy each, driven by solar additions and improved wind conditions. The strong output got slightly offset by weaker hydro production (down c.10%). At the end of Q2, Enel’s installed capacity base stands at c.92 GW. Source: Press Release

Belgium approves revised offshore auction

Belgium has approved the revised regulatory framework for the relaunch of the tender for the 3.5 GW Princess Elisabeth Zone. The new framework includes extending the maximum construction period from 4 to 5 years, removes the initial price ceiling, introducing CFDs and removing a separate support scheme for fixed-price PPAs. The framework also includes rules on equipment origin. Source: Renews

Germany achieves record onshore wind approvals in 1H 2026

Germany approved more than 9 GW of onshore wind capacity in the first half of the year, according to Fachagentur Wind und Solar. Gross capacity additions also rose by 7% yoy, with 2.4 GW commissioned in H1 2026, bringing total operational onshore wind capacity to nearly 70 GW. Sources: CleanEnergyWire, RenewablesNow

Renewables reached 26% of EU gross energy consumption in 2025

According to Eurostat, the share of renewable energy in the EU’s gross energy consumption reached more than 26% in 2025, up from 25% in 2024. Sweden led the member states with a 65% share, followed by Finland (53%) and Denmark (48%), while the lowest numbers were recorded in Belgium (15%), Slovakia (16%), and Ireland (17%). Regarding gross electricity consumption, renewables accounted for 50% in 2025 (up 2.4 pp from 2024). Source: Eurostat

Other news Norwegian data center: Nordic data center developer Polar DC has said that it will build a 40MW data center next to its flagship facility in southeast Norway. The datacenter will run on hydropower and any details on construction timeline have not been made public yet. (Datacenterdynamics)