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NextEnergy solar fund snaps up Portugal PV project
year.
Filinto Martins, taking care of supervisor of the fund, claimed that Portugal is a market that stands for "high development potential" in the solar
Feb 15, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Portugal, Europe, Solar Project, Filinto Martins, NextEnergy
Portugal's Renewables Surge to 77.3% Power Share
August 2024, renewable energy sources accounted for 77.3% of Portugal's electricity generation, producing 2,307 GWh, according to the Portuguese Association of
Sep 11, 2024 // Markets & Finance News, Portugal, Europe
Lightsource bp makes progress with 260-MWp solar project in Portugal
is among the Lightsource bp's sophisticated large-scale solar projects in Portugal, which it created in collaboration with municipalities and neighborhood
Oct 3, 2022 // Plants, Large-Scale, Commercial, Portugal, Lightsource BP, Europe, Solar Project
Portugal to waive environmental impact researches for solar plants under 50MW
is according to Portugal's secretary of state for power, João Galamba, who claimed he just recently received a letter from solar programmers having
Mar 30, 2022 // Plants, Markets & Finance News, Portugal, Europe, permitting, joao galamba, LSSEU
Voltalia to Maintain and also construct Solar Farms Worth 134 MW in Portugal
Swiss-headquartered renewable resource player/Edisun Power expanding quick in Portugal, for 3 solar plants in Portugal with a complete capability of 134
Feb 11, 2020 // Plants, Large-Scale, Commercial, Portugal, Voltalia, Europe, International, Smartenergy, Sébastien Clerc
Portugal receives bids from 12 companies for floating solar auction
installation and also procedure of photovoltaic or pv plants on seven dams in Portugal received 12 competing projects, setting preacher João Pedro Matos
Mar 8, 2022 // Markets & Finance News, Floating PV, Portugal, Europe, Floating solar, João Galamba, João Pedro Matos Fernandes, renewables auction, Jornal de Negócios
Construction work starts on 48-MW solar project in Portugal
the head of Development as well as Construction at Aquila Clean Energy in Portugal, kept in mind that this project will certainly also have a local heritage and
May 9, 2023 // Plants, Large-Scale, Commercial, Portugal, Europe, Solar Project, Aquila Clean Energy
Portugal's new government brings forward 80% renewables target to 2026
share of renewables in electricity production increased from 41% to 58%.
" Portugal has currently taken really considerable actions in the power transition,
Apr 4, 2022 // Markets & Finance News, Portugal, Europe, auction, Floating solar, auctions and tenders, joao galamba
Akuo Unveils Major 181-MWp Solar Farm in Portugal
energy producer Akuo has inaugurated a 181-MWp solar farm in Alentejo, Portugal, recognized as one of the country's largest solar installations. This facility
Sep 27, 2024 // Plants, Large-Scale, Commercial, Portugal, Europe, akuo, solar farm
Portugal's Renewables Surge to 73% Power Supply
Portugal's renewable energy sources met 73% of the country's electricity needs from January to September 2024, according to the national grid operator, Redes Energeticas Nacionais (REN). Hydropower was the largest contributor, providing 31% of electricity, followed by wind power at 26%, solar energy at 10%, and biomass at 6%. Natural gas accounted for 8% of the power supply, and energy imports made up the remaining 19%.In September alone, renewables generated 55% of electricity consumption, with non-renewable sources covering 10% and imports accounting for 35%. Adjusted for temperature and working days, overall electricity consumption rose by 3.9% last month.
What factors contributed to Portugal's renewable energy success in 2024?
Factors Contributing to Portugal's Renewable Energy Success in 2024
Strong Hydropower Infrastructure: Portugal has a well-developed hydropower network, benefiting from its ample water resources and topography, which allows for efficient energy generation throughout the year.
Government Commitment to Renewable Policies: The Portuguese government has implemented ambitious policies and regulatory frameworks favoring renewable energy development, including incentives for investment in clean energy technologies.
Investment in Wind Energy: Significant investments in wind farms, both onshore and offshore, have led to an increase in installed capacity, allowing wind power to become a major pillar of the country's energy mix.
Solar Energy Expansion: Accelerated deployment of solar photovoltaic systems, including residential and commercial installations, has made solar energy a more viable contributor, supported by government subsidy programs.
Technological Advancements: Innovations in renewable technologies, particularly in energy storage and grid management, have enhanced the efficiency and reliability of renewable energy sources, making them more competitive against traditional energy sources.
Public Awareness and Support: There is a growing public awareness and acceptance of renewable energy in Portugal, with citizens increasingly supportive of clean energy initiatives, promoting societal pressure for sustainable practices.
Diversification of Energy Sources: A strategy focusing on a diverse mix of renewable energy sources has mitigated the risks associated with dependency on a single energy source, improving energy security and resilience.
Regional Cooperation: Collaborative efforts with neighboring countries in energy projects and sharing best practices have bolstered Portugal’s renewable energy strategy, facilitating cross-border electricity trade and enhancing grid stability.
Decarbonization Goals: Strong national goals for decarbonization and alignment with EU directives have propelled investments and commitment to reducing carbon emissions, leading to accelerated deployment of renewable energy sources.
Response to Climate Change: Increased awareness of climate change impacts has driven both governmental and private sector initiatives to prioritize clean energy development, alongside policy frameworks addressing environmental sustainability.
Economic Benefits: The renewable energy sector has contributed to job creation and economic development, encouraging further investment and innovation in the energy landscape.
Resilience During Crises: The ability of renewable energy to reduce dependency on imported fossil fuels has been crucial in times of geopolitical and economic uncertainty, providing a stable and sustainable energy source for Portugal.
These factors collectively illustrate Portugal's successful transition to a renewable energy-centric system, positioning the country as a leader in sustainable energy production and consumption by 2024.
Oct 2, 2024 // Markets & Finance News, Portugal, Europe
Iberdrola concludes work with 13.5-MW solar farm in Portugal
10.9 m) project is one of 7 quotes that allowed Iberdrola secure capacity in Portugal's solar auction in 2019.
Conde is located in the Palmela community. It
Nov 2, 2022 // Plants, Large-Scale, Commercial, Portugal, Iberdrola, Europe, solar farm
Portugal Grants PIN Status to DH2 Energy's Hydrogen Project
status for its VVR Green renewable hydrogen project in Vila Velha de Rodao, Portugal. This up-to-75-MW initiative will be developed in two phases, beginning with a
Sep 5, 2024 // Solar to Fuel, Portugal, Europe, hydrogen, DH2 Energy
Octopus Invests in 250MW Solar Plants: Ireland and Portugal
Energy Generation has invested in two clean energy developers in Ireland and Portugal to develop more than 100 solar projects totalling 250MW capacity. The
Oct 30, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Portugal, Ireland, Europe, Octopus Energy, PV Power Plant
Galp, Northvolt to build lithium plant in Portugal
the growth of an integrated lithium-battery value-chain," the statement said.
Portugal has several of the biggest gets of lithium in Europe and also the
Dec 17, 2021 // Storage, NORTHVOLT, Portugal, Galp, Europe, lithium plant
Exus to deliver 85MW Portugal wind-PV hybrid
the complete end-to-end delivery of an 85MW wind-solar hybrid project in north Portugal.
Exus will supply the project on behalf of a third-party financier,
Apr 26, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Portugal, Europe, Exus, wind-solar hybrid project, Carlos Tello Garcia