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PV Magazine: After signing a 20-year PPA for the 46 MW Ourika PV plant in Portugal on Tuesday, with Irish firm WElink Investment Holdings, Spanish renewable energy company Audax Renovables today inked another 20-year PPA – for a 708 MW portfolio of plants to be developed in Spain and Portugal by WElink. The PPA, which includes the […]
Renewables Now: Wind power production in Portugal hit a peak of 101.9 GWh on January 23, surpassing the previous national record, data from the Portuguese power utility Redes Energeticas Nacionais (REN) shows. The volume exceeded the 99.6 GWh mark registered on March 11, 2018. The power produced during the day, an all-time maximum wind production, […]
Energy Digital: The European Commission has announced its support for a new floating wind farm off the coast of Portugal, having voted with its wallet in the form of a $69mn (€60mn) loan from the European Investment Bank (EIB). The loan will be offered under the InnovFin Energy Demonstration project. The wind farm is being […]
Clean Technica: Thirty-one new solar power plants will be installed in Portugal with a total of over 1,000 MW of production capacity by 2021, according to an article on Dinheiro Vivo. The total value of the projects has been stated to be about 800 million euros. “By 2021 we will be able to triple the […]
Bloomberg: France’s Engie SA and Denmark’s Orsted A/S are among suitors considering a bid for the 7.6 billion-euro ($8.9 billion) renewables unit of EDP-Energias de Portugal SA, according to people with knowledge of the matter, adding a potential new twist to China Three Gorges Corp.’s pursuit of the company and its parent. Engie and Orsted […]
Clean Technica: According to new numbers published earlier this month, Portugal’s renewable energy production in March exceeded the country’s electricity consumption for the month, a record not seen in forty years. Earlier this month the Portuguese Renewable Energy Association, APREN, alongside ZERO, Portugal’s Sustainable Earth System Association, highlighted data from Redes Energéticas Nacionais (REN), the country’s […]
Reuters: EDP (Energias de Portugal) is optimistic about renewable power investments in the United States, despite President Donald Trump’s push to support coal and nuclear power plants and a tariff his administration slapped on imported solar panels, its chief executive said in an interview. “U.S. renewables represent the growth engine of our company,” António Mexia, […]
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IEEFA Spain: The High Cost of Political Interference in Power Markets
Ill-Advised Government Policy Aimed at Retarding Transition
The Spanish government’s move this week to block closures of inefficient power plants presents the latest example of a trend toward expensive political interference in electricity markets. Elsewhere in Europe, similar intervention can be seen in the shape of “capacity payments” that prop up gas, coal and nuclear power, as well as more recently in […]