Portugal

IEEFA Research

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

More News and Commentary

EDP shutters Sines power plant in Portugal, country to be coal-free by November

EURACTIV.com: The Sines coal plant in Portugal went offline at midnight yesterday evening (14 January), leaving the country with just one remaining coal power station in operation, which is scheduled for closure in November. Portuguese energy utility EDP announced its decision to shut down the 1,296 MW Sines coal plant in July last year, bringing […]

January 15, 2021 Read More →

Portuguese grid operator says renewables supplied 59% of nation’s electricity in 2020

The Portugal News: More than half (59%) of the electricity consumed in 2020 in Portugal resulted from renewable production, especially hydroelectric and wind, both with about 25%, according to data from REN – Redes Energéticas Nacionais. In a statement, REN, the company responsible for the global management of the national electricity and natural gas systems, […]

January 8, 2021 Read More →

IEEFA India: Interpreting solar tariff trends

Implications of low bids for future growth

This Q&A first appeared in RenewableWatch Solar energy tariffs have witnessed a gradual decline over the years in India and globally. A recent auction for 2 gigawatts (GW) of solar projects conducted by the Solar Energy Corporation of India (SECI) witnessed a record-low tariff of Rs 2.36 per kWh. At the same time, the world’s […]

September 29, 2020 Read More →

Europe’s installed floating offshore wind capacity could hit 7GW by 2030, trade group says

Offshore Wind Journal: WindEurope chief executive Giles Dickson says floating offshore wind has “huge growth potential, is no longer a niche technology,” and commercial-scale projects are ready to be built. Speaking at the FOWT 2020 in Marseille, France, Mr. Dickson told delegates that floating wind has matured and achieved significant cost reductions over the past […]

September 10, 2020 Read More →

Record-low solar price of $13.16/MWh set in latest Portuguese capacity auction

Renewables Now: Portugal’s latest solar energy auction, which awarded 670 MW, achieved the world’s record low price of EUR 11.14 (USD 13.16) per MWh in one of [the] lots, the government announced today. The ceiling price in the tender was EUR 41.54 and EUR 41.73 per MWh depending on the lots. According to the government, […]

August 28, 2020 Read More →

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

Largest floating wind project now operational off the Portuguese coast

OffshoreWIND.biz: The 25 MW WindFloat Atlantic floating offshore wind farm is now fully operational and supplying electricity to Portugal’s electrical grid. The WindFloat Atlantic project features three MHI Vestas 8.4 MW turbines mounted on Principle Power’s semi-submersible floating foundations. Following the connection of the last of the three wind turbines to the 20-kilometre export cable […]

July 27, 2020 Read More →

Renewables topped fossil fuels in EU electricity generation for first time through June 2020

Reuters: Europe’s long goodbye to coal is speeding up, in a transition smoothed by the rise of wind and solar power and energy policy that has priced the fossil fuel out of many markets, according to data released on Wednesday. Renewable sources of power have taken over for the first time in 2020, generating 40% […]

July 22, 2020 Read More →

EDP to close two coal plants, convert a third to gas, in Portugal, Spain in 2021

S&P Global Market Intelligence ($): EDP – Energias de Portugal SA is planning to shut down two of its coal-fired power plants in Spain and Portugal by 2021 and convert a third unit to burn gas, following in the footsteps of other utilities as it withdraws from a fuel source that is continuing to lose […]

July 15, 2020 Read More →

Rystad oil industry analysis shows only Norway’s Equinor is backing up renewable talk with real dollars

Natural Gas Intelligence: Over the next five years, the world’s oil majors are expected to invest up to $17.5 billion into solar and wind energy projects, a Rystad Energy analysis projected. More than half of the total investments could come from the Norwegian state-controlled energy giant Equinor. Analysis from Rystad shows that 57% of total […]

June 2, 2020 Read More →