Portugal

Galp Energia aims to develop a sustainable power project portfolio based on solar and wind. It will devote up to 15% of its total investments to its renewable energy plans.

Some 15 countries are likely to be able to lay claim to the status of being members of solar’s “gigawatt club” in 2019, according to conservative projections from BloombergNEF. Nonetheless, PV suppliers, developers and service providers are always on the lookout for new pockets of growth. To kick off 2020, pv magazine’s global team of correspondents and editors have highlighted 10 “fast-growing” solar markets to evaluate where the opportunities, and potential risks, lie.

The minister of environment and energy transition has told parliament two auctions for large scale solar will be held this year, with a new procurement round now planned. The minister revealed energy storage may play a part in the capacity tenders.

The developer issued the appeal for developers to come forward on the peninsula after selling its second subsidy-free Spanish solar project. The seller did not reveal how much insurance company Talanx has paid for the Don Rodrigo 2 facility.

Trade body SolarPower Europe’s preliminary statistics suggest this could be the continent’s best year for PV since 2010, with capacity additions set to soar 104% year on year. Spain is leading the way with an expected 4.7 GW of new solar, followed by Germany, with 4 GW.

The Alqueva Dam on the Guadiana River, in southern Portugal, will host ten floating PV projects mostly financed by a €45 million Council of Europe Development Bank loan.

Portuguese electricity and gas company EDP used the 2019 Web Summit event as an opportunity to undermine the role of fossil fuels.

This year’s record-breaking event held in Lisbon, Portugal, included an energy track devoted to renewable sources and technology to address climate change.

The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.

The Fresher project, funded by the EU’s European Maritime and Fishery Fund, aims to develop better and cheaper mooring and anchoring systems for floating solar. The initiative is backed by Portugal utility EDP, which has recently begun to install floating projects.