Galp

Galp, a Portuguese energy company, has announced plans to build a 5 MW/20 MWh battery storage system in Portugal, in collaboration with Powin. The system at one of Galp’s solar plants will enable it to adjust its PV production profile and meet its energy requirements. This project marks Powin’s first venture in Europe.

The partners behind a JV aiming to develop a lithium conversion factory in Portugal say Iberia could supply enough geological feedstock spodumene to produce 700,000 EV batteries per year, starting in 2026.

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.

Portuguese gas company Galp Energía says it will become “the largest solar energy company in the Iberian peninsula”. The agreement includes operating PV plants with an installed generation capacity of 900 MW plus a further 2.9 GW under development.

A source close to the company has told pv magazine although there are investment funds and utilities interested in buying the renewables business, an IPO for the entity has not been excluded.

Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.