Report published June 5, 2026

GS Utilities Daily: EU Grid Digitalization, Offshore Wind, and Datacenter Growth Trends

Goldman Sachs · June 5, 2026

This report highlights regulatory pressure on Germany to accelerate grid digitalization and reports on negotiation updates for major offshore wind projects. It further emphasizes a positive outlook for the European utility sector driven by datacenter-related power demand.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.The EU is pressing Germany to accelerate grid digitalization, noting that only 5.5% of German customers had smart meters as of Dec 2025 vs 63% in the EU.
2.JERA Nex and BP are in negotiations with the German government regarding the future of their 4GW Oceanbeat offshore wind project.
3.European datacenter power connection requests have grown significantly, with the pipeline estimated at 280 GW, a 65% increase over nine months.

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Report data

Key figures extracted from this report

Metric	Estimate	Context
Smart meter penetration	5.5%	Percentage of customers in Germany with smart meters.
Datacenter connection requests pipeline	280 GW	Estimated DC pipeline for Europe.

Source: Clean Energy Wire; Goldman Sachs Research. This is a dated model snapshot, not a live forecast.