Portugal news – Largest PPA deal in the history of Portugal just signed in the renewable energy sector with NextEnergy Capital and Statkraft

Portugal news – Portugal’s renewable energy supplied 72% of consumption for the first quarter of 2023.

Portugal is investing EUR 127 million in Cable Landing Stations and a mega Green Data Center for global telecommunications companies.

Sales of Elon Musk’s Tesla cars skyrocket in Portugal, growing by 878% for the cumulated months of January and February 2023.

Portugal will have Europe’s first Green Movie Studio with Tage Studios investing € 200 million in Palmela, that is located south of Lisbon.

Portuguese company Greenvolt, that is a leading renewable energy company, is acquiring 1/3 of the capital of Italian company Solarelit.

Private investments of over EUR 60 billion are expected in Portugal’s Energy sector by 2030.

The 1st injection of Green Hydrogen in Portugal’s natural gas network was done on the 7th in a ceremony with Prime Minister António Costa.

Portugal’s energy grid operator REN will distribute hydrogen under a new agreement signed with Spanish Enagás that operates infrastructure.

EDP will invest EUR 24 B in Green Energy by 2025 to reach the target of becoming 100% green.

Portuguese fund manager Horizon Equity Partners is investing EUR 15.3 M in 2 solar parks in Cascais, Portugal.

Portuguese company Finerge is building 15 wind and solar farms, out of which 4 will be hybrid.

Volkswagen announces training for e-mobility by 2025.

Green Hydrogen exports from Spain will be starting in 2027 with Spanish oil company CEPSA using the Green Hydrogen maritime corridor.

the European Investment Bank has opened exploratory talks with Portugal, Spain and France for the planned green hydrogen maritime pipeline.

An investment of EUR 80 million in Portuguese BioShoes4All is spearheading the industry for a more sustainable bioeconomy.

IberBlue Wind intends to invest EUR 2.5 B in a Floating Wind Farm in Figueira da Foz, in central Portugal.

Portugal approved Green Hydrogen projects amounting to EUR 102 million from the funds of the Recovery and Resilience Plan (PRR).