Portugal Scales Up PV Target From 9 GW to Over 20 GW By 2030

Keeping up with the trend of countries all over the world expecting, and seeking more from Solar power, Portugal has also enhanced it’s PV targets by over 2X to 20 GW, by 2030. The new targets are driven by a need to accelerate the energy transition, and an extra push from establishing green hydrogen manufacturing […]

Read more

EDP To Add Battery Storage To Floating Hydro-Solar Hybrid Plant In Portugal

Hybrid renewable energy projects are on the rise the world over and in the latest addition to this expansion is the combination of a hydropower and floating solar power in Portugal. The Portuguese utility firm Energias de Portugal (EDP), which has developed the hybrid project, has announced that it will add an energy storage system […]

Read more

Portugal’s floating solar energy auction sets world record negative price

Portugal’s first auction of rights to build and operate floating solar plants on the surfaces of its reservoirs set a world record low price of minus 4.13 euros per megawatt hour for future output, the environment ministry said on Tuesday. The government assigned rights to install floating panels with capacity to convert sunlight into 183 […]

Read more

Portugal receives bids from 12 firms for floating solar auction

The auction for the installation and operation of photovoltaic plants on seven dams in Portugal received 12 competing projects, environment minister João Pedro Matos Fernandes has told Jornal de Negócios. The deadline for submitting applications ended last Wednesday at 23:59, with the period for receiving proposals having run since January 29. Portugal was among the […]

Read more

EDP to Invest in 1.5 GW of Green Hydrogen by 2030

Portugal’s largest utility EDP said on Tuesday it was increasing its bet on green hydrogen and aimed to reach 1.5 gigawatts (GW) of installed capacity by 2030, capitalising on its presence in key markets such as Iberia, the United States and Brazil. The announcement, made during the COP26 climate conference in Glasgow, came after EDP […]

Read more

Fusion Fuel Green Gets €4.3 Million Funding Approval for Portugal Project

Dublin-based green hydrogen solutions provider, Fusion Fuel Green has announced receiving the Euro 4.3 million funding approval from Portugal’s Operational Program for Sustainability and Efficient Use of Resources (POSEUR) for its proposed HEVO-Sul project in Sines, Portugal. The Portuguese government has allocated €40 million in direct grants for the POSEUR program, which aims to support […]

Read more

Lightsource BP to Invest €900 mn in Portugal to Build 1.3 GW Solar Plants

London-based solar power developer Lightsource bp, a 50:50 joint venture with oil and gas company bp, recently announced that it has partnered with Portuguese local company INSUN to build five large-scale solar plants in Portugal, which are expected to add over 1.35 GW of low-carbon, renewable power to Portugal’s energy mix. The company plans to […]

Read more

Exus to Develop 85 MW Wind-Solar Hybrid Project in Portugal

Exus Management Partners has announced that it will develop an 85 MW wind and solar hybrid project in northern Portugal. The renewables-focused independent investment and asset management firm has been chosen by an undisclosed third party to provide the complete end-to-end delivery of the country’s first third-party wind and solar hybrid project. Since no developers […]

Read more

Siemens and Fluence to Develop 15 MW Storage System on Portuguese Island

Siemens Smart Infrastructure, in partnership with Fluence, was awarded a contract by the Portuguese energy provider EDA – Electricidade dos Açores to build a battery-based energy storage system on Terceira, the second biggest island in terms of electrical consumption of the Azores archipelago in the Atlantic Ocean. The project aims to make the island more […]

Read more