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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 […]