Neoen Unveils Portugal's Largest Solar Park

• Neoen powers up Portugal with its largest solar plant, energizing 110,000 homes and securing long-term agreements for sustainable growth.

French renewable energy company Neoen SA has inaugurated Portugal's largest solar plant, a 272-MWp facility, consisting of the 204-MWp Rio Maior Solar Farm and the 68-MWp Torre Bela Solar Farm. Located in Azambuja, north of Lisbon, the solar park began operations at the end of 2024 and is now running at full capacity, generating 500 GWh annually, enough to power 110,000 homes.

Neoen has secured two 15-year power purchase agreements with the Portuguese state for 80% of the energy produced, with the remainder sold on the electricity market. Including these farms, Neoen's capacity in Portugal totals 326 MWp, with an additional 600 MW under development.

How will Neoen's new solar plant impact Portugal's renewable energy landscape?

• Increased Renewable Capacity: The new solar plant significantly boosts Portugal's renewable energy capacity, contributing to the country's goal of achieving carbon neutrality by 2050.
• Energy Independence: By generating 500 GWh annually, the plant reduces Portugal's reliance on imported fossil fuels, enhancing energy security and stability.
• Economic Impact: The project creates jobs during construction and operation phases, stimulating local economies and providing opportunities for skill development in the renewable sector.
• Technological Advancement: The plant showcases advanced solar technology and efficiency, potentially setting a benchmark for future renewable projects in Portugal and beyond.
• Environmental Benefits: By reducing carbon emissions, the solar plant contributes to cleaner air and a healthier environment, aligning with global climate change mitigation efforts.
• Market Influence: The power purchase agreements with the Portuguese state ensure a stable revenue stream for Neoen, encouraging further investment in renewable energy projects in the region.
• Grid Stability: The integration of a large-scale solar facility can enhance grid stability and resilience, supporting Portugal's transition to a more sustainable energy system.
• Community Engagement: The project may involve community engagement initiatives, fostering public support and awareness of renewable energy benefits.
• Policy Alignment: The plant aligns with national and EU renewable energy policies, reinforcing Portugal's commitment to international climate agreements and targets.