Renewable Energy 2024
The renewable energy sector in Portugal remains robust and continues to grow, particularly in solar PV and emerging sectors such as green hydrogen. However, challenges related to grid access and project permitting
September EFSC Project Updates
Buckley Solar Facility Facility Description: Solar energy facility with a nominal generating capacity of 1,200 MW and up to 1,200 MW of battery energy storage capacity located in unincorporated
DTEK unit buys 166 MWp of Italian solar projects from
DRI, the green energy unit of Ukraine''s DTEK Croup, is buying four solar projects in Italy with a combined targeted capacity of 166 MWp from local solar engineering, procurement and construction company Enerland.
Portugal allocates funding for 500 MW of energy storage
Eligible projects can receive up to EUR 30 million and can be developed both at the transmission and distribution levels by the end of 2025. The funding is allocated through the Environmental Fund and included in the
Portugal allocates €100 million in grants for energy
The funding is part of the EU-wide Recovery and Resilience Facility (RRF), a pot of money aimed at helping EU economies transform structurally after the Covid-19 pandemic, and which several have used to fund
Latin America Clean‑Tech: Solar, Wind & Storage Events Calendar 2025-2026
Latin America is fast emerging as a pivotal region in the global clean energy transition. Governments across the region are investing heavily in solar, wind, and storage
Exus buys 130-MWp solar project in Portugal from Lightsource bp
At present, Lightsource bp has over 2.5 GW of projects at different stages of development in Portugal, many of which are in advanced licensing stages. For its part, Exus is
24-25 March 2026 | Solar Zone
With 80% of electricity generation to be delivered by Renewables by 2030, the Portuguese state has ambitious plans to accelerate solar installed capacity. Floating projects & hybridization (wind, solar & storage) are changing the route
[LIST]: ALL Portugal Golden Visa Renewable Energy Funds 2025
The Portuguese Golden Visa is alive, well, and gaining in popularity in 2025 – especially among Americans. And while it is no longer possible to obtain a Golden Visa by property investment,
Portugal Allocates €100 Million for 43 Energy Storage Projects
These projects were selected from 79 applications under the country''s Recovery and Resilience Plan (RRP), with eligible projects able to receive up to €30 million in funding.
Portugal begins public consultation for solar-wind hybrid with
The Portuguese government has initiated a public consultation for a hybrid project that includes a 339.4-MWp solar plant, a 14.4-MW wind farm, and a 310-MW/620-MWh
Explore Commercial Solar Installation Financing Options in Portugal
Commercial Solar Installation Financing Options provide businesses flexible ways to fund solar projects, often minimizing upfront expenses. These options may include loans, leases, or
Exus buys 130-MWp solar project in Portugal from
At present, Lightsource bp has over 2.5 GW of projects at different stages of development in Portugal, many of which are in advanced licensing stages. For its part, Exus is currently developing 200 MW of wind and
Portugal adds 1.77 GW of solar in 2024
Portugal set a record for solar deployment in 2024, installing 1.77 GW and surpassing the previous year''s total. The country''s cumulative installed PV capacity now stands at 5.66 GW, as it works
Winners, prices of Portugal''s record-breaking auction for floating PV
EDPR, Finerge, Voltalia and Endesa were among the winners of Portugal''s latest renewables procurement exercise, in which 163 MW of floating PV capacity was allocated.
Project Finance Brief: Atlas Secures $113 Million
The construction of both projects is scheduled to begin in the first quarter of 2025, and commercial operations are expected in 2026. Encavis, a solar and wind project developer, has signed a non-recourse project financing
Lisbon Energy Summit & Exhibition 2026 | 24-25
Endorsed by the Ministry of Environment and Energy, the Lisbon Energy Summit & Exhibition 2026, the Iberian region''s leading energy transition event, will welcome over 2,000 visitors to Lisbon, Portugal, a world leader in new
Lightsource bp sells utility-scale solar project in Portugal to Exus
Aside from its own portfolio, Exus extends its expertise to third-party asset management and project development services, catering to utility-scale solar, wind, and
Changing investment priorities in European solar
However, this makes planning and financing more challenging, due to both the growing complexity of individual solar projects and the uncertainty of macroeconomic conditions, according to Kevni
6 FAQs about [Wind solar storage project financing options in Portugal 2026]
How many energy storage projects will Portugal support in 2025?
Portugal’s Ministry of Energy has allocated €100 million to support 43 energy storage projects, scheduled for completion by the end of 2025. These projects were selected from 79 applications under the country’s Recovery and Resilience Plan (RRP), with eligible projects able to receive up to €30 million in funding.
How much does Portugal pay for energy storage projects?
With this in mind, the Portuguese Ministry of Energy announced on July 31 that it was awarding €99.75 million to a call for tenders for the installation of energy storage projects totalling 500 MW. Eligible projects can receive up to €30 million and be implemented at the transport and distribution level by the end of 2025.
How much will Portugal spend on energy storage and grid flexibility?
The Portuguese Ministry of Energy has allocated EUR 100 million ($108 million) for grid flexibility and energy storage projects which should be installed by the end of 2025. Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production.
Does Portugal need energy storage?
Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million in a bid to support 500 MW of energy storage projects.
How can Portugal achieve 80% renewable electricity by 2026 & 85% by 2030?
This initiative supports Portugal’s goal of 80% renewable electricity by 2026 and 85% by 2030. In 2024, renewable energy contributed 71% to Portugal’s electricity, marking a record 36.7 TWh. The energy storage projects will help stabilize the electricity grid and contribute to a greener, more sustainable energy transition.
Does capital energy have big plans for Portugal?
Capital Energy has big plans for the neighbouring country, as revealed last Wednesday by Juan Lasala, its non-executive President, during his participation in the conference 'Opportunities in renewable energies in Portugal', organized by Llorente and Cuenca for the Embassy of Portugal.