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Iberdrola, PepsiCo ink Iberian solar PPA
to all of the brand name's food and also drink centres in Spain as well as Portugal.
The PPA will enter into force on 1 January 2023 and covers 11 PepsiCo
Jul 12, 2022 // Markets & Finance News, Spain, Portugal, Iberdrola, Europe, Pepsico
Solar marketplace Otovo increases $34m to fund entrance into six European markets
summertime will see the company launch in the UK, Portugal as well as Austria, complied with by an extra three markets in the next year, as it seeks to obtain
Feb 22, 2022 // Residential, Markets & Finance News, Storage, Portugal, UK, Europe, Austria, Otovo
EIB gives EUR70m to Iberdrola to advance Portuguese solar
Bank (EIB) and Iberdrola have actually signed a new agreement to accelerate Portugal's energy transition via the development of new renewable energy plants.
The
Dec 23, 2022 // Markets & Finance News, Portugal, Europe, eib, Ricardo Mourinho Felix, Jose Sainz
RWE's Gazules: Spain's Largest Solar Farm Complex
The company currently operates seven large-scale solar farms in Spain and Portugal, along with 500 MW of onshore wind power capacity. Additionally, RWE has
Apr 25, 2024 // Plants, Large-Scale, Commercial, Spain, Europe, rwe, PV Power Plant
Statkraft inks Portuguese solar powerplay
a power purchase agreement (PPA) for output from a 210MW solar plant in Portugal.
The Norwegian power supplier will acquire electrical energy from the
Apr 4, 2023 // Markets & Finance News, Portugal, PPA, Europe, Statkraft
AXA IM Invests in 2GW Iberian Renewables
in the development, construction, and operation of wind and solar parks in Portugal and Spain. The acquisition will enhance AXA IM's portfolio investments in the
Aug 7, 2023 // Markets & Finance News, Spain, Portugal, Europe, AXA
EDPR connects hybrid plant to the grid
solar farm was opened next to the Mosteiro wind park in Sabugal municipality, Portugal, with a direct connection to the substation, taking advantage of the electric
Jan 13, 2023 // Plants, Grids, Portugal, Europe, EDPR, hybrid plant, Duarte Bello, MINA DE ORGUEIREL, MOSTEIRO
EDP Brasil buys local solar company 77Sol
local arm of Portuguese utility EDP - Energias de Portugal SA (ELI: EDP) claimed on Wednesday this investment belongs to its approach to play a leading role in the
Mar 17, 2023 // Markets & Finance News, EDP Brasil
Iberdrola Partners with Gres Panaria for Solar Power
Panaria Portugal has signed a long-term power purchase agreement (PPA) with Spanish utility Iberdrola SA, securing 92 GWh of green electricity over a period of 10
Nov 25, 2024 // Plants, Iberdrola, Gres Panaria
Portugal approves area for 270-MWp solar plant
The city government of the Portuguese community of Palmela has actually authorized the location for the building of a 270-MWp solar photovoltaic (PV) project proposed by LOGZ Atlantic HUB SA.
Jun 7, 2021 // Plants, Portugal, Europe, PV Power Plant
Portugal solar auction reportedly attracts €20/MWh bids
Portugal’s solar auction is attracting record low bids for the Iberian peninsula, let alone Europe.
Portuguese newspaper Expresso claimed on Friday to have obtained information from companies involved in the tendering exercise that indicated significant chunks of the 1.4 GW of generation capacity on offer have been allocated for around €20/MWh (€0.02/kWh).
Earlier this month, Portugal’s minister of the environment and energy transition, João Pedro Matos Fernandes, announced a ceiling price for the tender of €45/MWh. In an interview with domestic financial newspaper Sapo, the minister said he was aware average prices for solar in the region were around €55/MWh.
In a southern European context, Greece recently allocated 143 MW of new solar generation capacity for €62/MWh. The Iberian peninsula, however, has attracted subsidy free solar projects in recent months at power prices as low as €27/MWh.
Two types of offer
Developers in the Portuguese tender could present two kinds of offer: one with a fixed price below €45/MWh and another with a variable tariff which includes a requirement to pay compensation to the electricity system, depending on spot market power prices. When a project price is higher than the market price, the Portuguese government will pay the project the difference. When the market price is higher, the project owner makes up the gap.
According to Expresso, at least one 200 MW slice of capacity has been allocated under the variable tariff scheme at a price of €23/MWh and several other capacity allocations received bids for the fixed tariff scheme of around €20/MWh.
The minister’s judgement in undercutting what was the average solar price will be proved right if the newspaper report is accurate.
The solar auction was held on Thursday, Friday and yesterday. The final results are subject to jury approval, with an option for companies to hold a hearing if they wish to contest a bid. The results will be formally published by August 10, by the Directorate-General for Energy and Geology.
Jul 30, 2019 // Storage, Portugal, According to Expresso, João Pedro, Matos Fernandes, Europe
Galp announes chief executive officer mandate to end this year
building and construction or in advancement and also spread in between Portugal, Spain as well as
Oct 4, 2022 // Markets & Finance News, Galp Energia SGPS SA
Iberdrola begins 86MW Portuguese PV build
has actually started the building of 4 solar farms in Portugal amounting to 86MW.
Job is underway on the PV plants, which were granted in the 2019 public
Feb 9, 2022 // Plants, Portugal, Iberdrola, Europe, solar farm
Freshly created Q ENERGY Group goes into European market with a 12GW project pipeline
projects in Europe and the Group overall is energetic across Spain, France, Portugal, German, Italy, the UK and the Netherlands.
The new Group will have a 12GW
Jul 4, 2022 // Markets & Finance News, Europe, Hanwha Q Cells, Hanwha, european solar, hanwha solutions corporation, Q ENERGY France, Q ENERGY Solutions
NextEnergy acquires 17.4 MW Portuguese solar project
Capital has actually obtained its very first property in Portugal, a solar PV project.
Bought through its NextPower III from the developers Azimuth
Oct 12, 2020 // Plants, Large-Scale, Commercial, Portugal, Europe, nextenergy capital, Solar Project, Filinto Martins