The quarterly newsletter focuses on key international Energy & Utilities legal developments within the global energy transition. Bird & Bird has been recognized as the most active legal adviser in clean energy project financing and M&A transactions, affirming its influence in the renewable energy sector. The European Hydrogen Bank successfully concluded its second renewable hydrogen auction, allocating substantial subsidies to 15 projects. The competitive tender awarded feed-in premium tariffs to selected projects, enhancing the market price of hydrogen. The Finnish Electricity Market Act is undergoing significant changes to address security of supply, consumer rights, and the transposition of EU directives. Additionally, countries like Poland and Germany are implementing reforms in line with EU regulations, impacting stakeholders in the energy sector. Moreover, developments in CO2 capture & storage, energy efficiency obligations in Hungary, flexible grid connection agreements, and the intersection of green claims with competition law are highlighted. These legal analyses provide insights into the evolving energy landscape and the importance of sustainability initiatives in the commercial sector.