Tag: portugal

IberBlue Wind plans to construct 1.9 GW offshore wind projects

IberBlue Wind plans to construct 1.9 GW offshore wind projects

April 11, 2023 |

IberBlue Wind, an offshore floating wind farm developer, has announced the development of two projects with 1.96 GW installed capacity off the shores of Spain and Portugal. The two plants, Juan Sebastián Elcano and Creoula, will be built offshore from Pontevedra and Viana do Castelo. With a combined installed capacity of more than 1.4 GW, Creoula will have 80 turbines with a capacity of 18 MW, compared to 29 turbines at Juan Sebastián Elcano, an offshore facility with a 522 MW capacity.

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Statkraft signs PPA for 210 MW solar projects in Portugal

Statkraft signs PPA for 210 MW solar projects in Portugal

April 5, 2023 |

Statkraft has signed a power purchase agreement (PPA) with NextEnergy Capital’s photovoltaic fund NextPower III ESG in Portugal. The green energy will be obtained from three photovoltaic solar plants that are presently under building and have an installed capacity of 210 MW. The three solar farms, which are held by NextPower III ESG, are situated in the municipalities of Cartaxo, Casal do Paul, and Encarnado in the Santarém district.

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<strong>IberBlue Wind to establish offshore wind project in Portugal</strong>

IberBlue Wind to establish offshore wind project in Portugal

February 21, 2023 |

IberBlue Wind, Spanish-Portuguese offshore wind developer has announced its plans to establish a floating offshore wind farm in Portugal with an installed capacity of 990 MW. The facility named Botafogo will be built offshore from Figueira da Foz. The facility will be spanned over an area of 359 square km.

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Acciona Energía to supply renewable power to Grupo Violas in Portugal

Acciona Energía to supply renewable power to Grupo Violas in Portugal

February 9, 2023 |

Acciona Energía has signed a ten-year power purchase agreement (PPA) with Grupo Violas, a Portuguese firm. Under the PPA, Acciona Energía will supply 55,000 MWh of green electricity a year to Grupo Violas’ subsidiaries, which include Solverde, Clip and Cotesi. Rede Elétrica Nacional, the state power company of Portugal, will have issued certificates of 100 per cent Renewable Guarantees of Origin for the clean energy via its Entidade Emissora de Garantias de Origem platform.

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<strong>Iberdrola receives environmental permit for 1.2 GW solar farm in Portugal</strong>

Iberdrola receives environmental permit for 1.2 GW solar farm in Portugal

February 1, 2023 |

Iberdrola, a Spanish power utility, has received environmental permissions for the 1.2 GW Fernando Pessoa solar project in Portugal. The Fernando Pessoa project is said to be the fifth-largest solar photovoltaic plant in the world and is situated at Santiago do Cacém, near Sines. It will feature Prosolia Energy as a partner and is anticipated to go operational in 2025. During the construction phase, the Fernando Pessoa project will provide up to 2,500 jobs in the region.

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Iberdrola launches 1.1 GW hydroelectric storage project in Portugal

Iberdrola launches 1.1 GW hydroelectric storage project in Portugal

July 20, 2022 |

Iberdrola, a Spanish energy company, has formally opened the hydroelectric storage project at Tâmega Gigabattery in Portugal. The 1.1 GW project was constructed over a period of eight years with an investment of more than €1.5 billion. It comprises the Alto Tâmega, Daives, and Gouve power plants and has a 40 million kWh storage capacity, which is sufficient to supply domestic energy requirements of 11 million people for 24 hours.

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Iberdrola to deliver solar power to PepsiCo’s facilities in Spain and Portugal

Iberdrola to deliver solar power to PepsiCo’s facilities in Spain and Portugal

July 18, 2022 |

Iberdrola, a global electric utility company, and PepsiCo, an American food and beverage corporation, inked a long-term power purchase agreement (PPA) under which Iberdrola will supply 590 MW of solar power to Pepsico’s facilities in Spain and Portugal. The agreement aims to develop a long-term operational structure that will aid both companies in their transition to renewable energy.

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Cepsa plans to reach net zero by 2050

Cepsa plans to reach net zero by 2050

April 1, 2022 |

As part of its energy transition strategy, Cepsa, a Spanish oil and gas company, expects to invest between $7.8 billion and $8.9 billion in Spain and Portugal by 2030. From next year, the corporation will devote more than 60 per cent of its investment to sustainable businesses. Cepsa has stated that it intends to build a 7 GW renewable energy project pipeline for its own usage, which will include solar and wind generating plants.

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Portugal to auction 500 MW of floating solar capacity

Portugal to auction 500 MW of floating solar capacity

May 18, 2021 |

Portugal announced that it would conduct its third solar auction in September as it looks to allocate 500 MW of floating solar capacity. Through the current tender, which resulted in record-low prices, the country aims to support the deployment of floating solar on at least seven reservoirs through its next tender process. The proposed plants will be located next to hydropower plants so that existing grid infrastructure can be used. One of the selected dams, Alto Rabagão, already hosts a 220 kWp floating solar pilot project developed by EDP.

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EDP plans Euro 24 billion investment to double its wind and solar portfolio by 2025

EDP plans Euro 24 billion investment to double its wind and solar portfolio by 2025

March 4, 2021 |

EDP renewables have announced that it will invest Euro 24 billion towards doubling its solar and wind capacity from 12 GW to 25 GW by 2025. With this goal, the company also aims to be coal-free by 2025 and completely source power from green energy in 2030 by expanding its renewable energy portfolio to 50 GW. The company also intends to increase its solar generation capacity ten-fold.

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EDP’s plan to go 90% renewable by 2030

EDP’s plan to go 90% renewable by 2030

December 1, 2020 | ,

In early 2019, Energias de Portugal (EDP), Portugal’s leading power company, came out with a radical 90 per cent renewables plan in the 2030 timeframe with much of the action by 2022. Over the past one and a half year, the company has moved significantly closer to executing its plan to achieve this target.

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