Endesa bags connection rights for floating solar in Portugal

• Spanish utility Endesa SA (BME: ELE) said today that it has actually secured rights to a 42-MVA connection in Portugal's initial floating solar auction.

The business will invest around EUR 115 million (USD 126m) in the project, its first to utilize the floating solar innovation. The array of an undefined size will certainly be mounted on Portugal's Alto do Rabagao reservoir and come online in 2026, Endesa claimed.

Endesa's most current success in Portugal comes simply days after the Spanish utility team won rights to a 224-MVA connection in a tendering procedure which Spain's neighbour organised to pick renewables that will certainly replace the shut down Pego coal-fired nuclear power plant. Endesa won the bidding process with a proposal to construct a solar and wind complex hybridised with a battery storage space system as well as a 500-kW electrolyser.