
AI-generated summary
Gas prices in Europe react to global geopolitical tensions.
Gas prices in Europe rose for the third consecutive day as fighting between the United States and Iran resumed. A situation that increases fears of a prolonged interruption of energy flows through the Strait of Hormuz.
In Amsterdam, TTF contracts rise by 1.64% to 73.4 euros per megawatt hour.

Despite gas storage levels lower than previous years, the EU and European Commission believe there are no immediate risks to security of supply thanks to greater diversification of supplies, increased LNG import capacity and reduced demand. Better situation than in 2021-2022.

The seven OPEC+ countries (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) have decided not to change production levels for September and October 2026, interrupting six months of increases linked to the Strait of Hormuz crisis.

Emma Marcegaglia, on the sidelines of the Teha Forum in Cernobbio, indicates renewables and nuclear as the solutions to reduce long-term energy costs, calling in the meantime for immediate support for Italian energy-intensive companies.

In the first six months of 2026, 8.8 GW of new wind capacity was installed in Europe, 30% more than in the same period in 2025, prompting WindEurope to forecast 24 GW for the full year. Growth is driven by onshore wind (74% of new installations), with Germany in the lead (3.4 GW). Despite positive signals from auctions and financing, turbine orders are down 12% and approvals are declining in several countries, creating uncertainty over whether the pace will be maintained.

In the six months since the start of the war in Iran, solar has saved Europe more than 30 billion euros in gas imports, according to SolarPower Europe, which has revised its previous estimate of 20 billion upwards. The increase is due to greater solar production, higher fossil prices and heat waves that have reduced the efficiency of thermoelectric, hydroelectric and nuclear power, increasing demand for air conditioning.

At the end of 2025, global PV capacity under O&M management reached 348 GW, an increase of 61 GW in one year. The 15 largest operators control 57% of the market, led by NovaSource Power Services. Engie and Sterling & Wilson show the most significant growth, with +172% in the Americas and +53% in Asia-Pacific respectively.