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European Investment Bank to help fund floating offshore wind project in Portugal

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 […]

October 23, 2018 Read More →

Portugal to triple solar capacity by 2021

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 […]

July 27, 2018 Read More →

EDP’s U.S. wind, solar assets may spark bidding war

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 […]

June 26, 2018 Read More →

Portugal Posts Renewable-Generation Records for Month of March

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 […]

April 16, 2018 Read More →

Portugal’s EDP Sees Profits in U.S. Renewable Sector

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, […]

April 12, 2018 Read More →

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 […]

November 16, 2017 Read More →