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Report published June 9, 2026

GS Utilities Daily: EU Renewables Aid and the Datacenter Power Super Cycle

Goldman Sachs · June 9, 2026

This report highlights new renewable energy subsidies in Italy, utility-scale battery projects in Chile, and the ongoing structural growth in power demand driven by European datacenters.

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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 European Commission has approved a €23 bn Italian state aid scheme for renewable electricity generation, targeting c.37 GW of capacity.
  • 2.Acciona Energia is developing a 196 MW/980 MWh battery energy storage system (BESS) in Chile's Atacama Desert.
  • 3.European datacenter power demand is showing strong growth, with connection requests reaching 280 GW, a 65% increase over nine months.

Table of Contents

  • Research you can't miss from past two weeks
  • EU approves Italy's €23 bn renewables aid scheme
  • Acciona Energia to build c.980 MWh BESS in Chile
  • UK: Crown Estate to retender 1.5 GW Morgan lease
  • German Offshore Wind Association supports exemption from dynamic grid fees
  • German companies against introduction of green gas quota in new heating law
  • Other news
  • Events to watch this week
  • Research you need to read

Report data

Rating Distribution

MetricEstimateContext
European Datacenter pipeline280 GWIncrease over the past nine months
Source: Goldman Sachs Research. This is a dated model snapshot, not a live forecast.

Reports in this series

GS Utilities Daily is shown in chronological order through this edition, published on June 9, 2026.

Part of the GS Utilities Daily series — view all 33 editions

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