EUR 800 M investment in Europe’s largest solar power plant to be built in Portugal

Valerie Charoux
Jan 31, 2023
1 min read

EUR 800 million will be invested by Iberdrola and Prosolia Energy to build Europe’s largest solar power plant in Portugal. The plant of 1.2 GW will be built in the Alentejo region in southern Portugal.

The solar power plant will be located in Santiago de Cacém, close to the port of Sines that is a hub for southern Europe. The plant, that will be operational in 2025, will produce clean and cheap energy for 430,000 households. This new development will reduce the consumption of gas by 370 million cubic meters. The solar park will comprise 700,000 photovoltaic modules and will be surrounded by a protective belt of trees.

This mega project follows the other pharaonic project on the Tâmega river, a EUR 1.5 billion complex that was described by The New York Times as being Portugal’s Hydro Future.

Source: https://www.portugalbusinessesnews.com/post/eur-800-m-investment-in-europe-s-largest-solar-power-plant-to-be-built-in-portugal

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