The 3.8 MW project is conceived for self-consumption of two facilities of the lead-acid battery manufacturer Exide in Castanheira do Ribatejo and Azambuja.
The power company has reportedly moved to expand its Iberian solar portfolio to a huge 1.7 GW with the latest deal, signed with Trina Solar and related to projects planned for the south and east of Spain.
The utility could invest up to €7 billion in renewable energy projects up to 2022.
Portugal’s government has approved its 2018-2027 plan to strengthen its grid to integrate large volumes of renewable energy. Environment minister João Matos Fernandes has also revealed the solar auction planned for next summer will offer around 1.75 GW of capacity.
Solarpower Europe has released its estimates for Europe’s installation figures in 2018. A reduction in system prices and a policy push boosted solar across the continent. And if the trade association’s CEO is to be believed, the newfound growth has just begun.
Audax Renovables has signed an agreement with Welink under which the Spanish company will buy – for 20 years at a fixed price – the energy produced by solar facilities with a total 708 MW of generation capacity that Welink will develop in Spain and Portugal. German group Allianz will buy the solar plants after completion.
Switzerland-based Edisun Power has acquired a 49 MW solar project in northeastern Portugal which is expected to be completed in the second half of next year. Cubico has secured financing for three operational PV facilities with a 29.6 MW capacity in the south of the country.
The announcement was given by the country’s Minister of Environment and Ecological Transition, Matos Fernandes. Two kinds of auction will be held for PV: for large-scale projects granted a feed-in premium tariff, and for smaller installations including rooftop awarded a fixed tariff.
Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
The energy companies have signed a partnership agreement to expand their portfolios on the Iberian peninsula. Spain and Portugal have ambitious decarbonization plans requiring large capacities of renewable energy resources in the years to come. Spain’s PV market could reach 6 GW this year.
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