In addition to unveiling Portugal’s first renewables auction, State Secretary for Energy João Galamba has said he will fight speculation in the large-scale solar business, and introduce both longer timeframes for project construction and stronger penalties.
Allianz Capital Partners, on behalf of German insurance company Allianz, has acquired a 46 MW solar PV project in Portugal.
The car manufacturer is deploying its second island project this year. Smart EV charging – and second-life EV batteries for stationary storage – are expected to help increase self-consumption, reduce carbon footprints and improve energy independence. The news comes amid a rising uptake of EVs in Europe.
Portugal’s Directorate General for Energy and Geology is reviewing another big bunch of “unsubsidized” solar schemes.
Including the latest three projects, the country’s total approved large-scale solar capacity has surpassed 1 GW. The developer is Escalabis Solar and total investment is expected to reach €81 million.
The heatwave across Western Europe saw wind power 20% lower than usual while solar irradiance was 20% above average, according to Vaisala, a provider of measurement systems and equipment for meteorology. If this balancing effect is confirmed by further analysis, the technologies may ensure future energy supply by providing a diversified, ‘climate-resilient’ portfolio.
The solar plant was commissioned last week in Ourique, southern Portugal. The project was developed by UK-based renewable energy company Welink and Chinese engineering services provider China Triumph International Engineering (CTIEC).
The blockchain technology, which was developed by Austrian company, Riddle&Code, is intended to help the Portuguese power provider measure the electricity consumption of each user who owns and operates a solar array installed under net metering.
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