Portugal invests EUR 45 M in Largest Floating PV project in Europe

Portugal invests EUR 45 M in Largest Floating PV project in Europe - Portugal Business News

Portugal renewable energy news - Portugal will invest EUR 45 M in the largest floating PV project in Europe and has just launched the Tender.

Portuguese company EDIA (Empresa de Desenvolvimento e Infraestruturas do Alqueva) just launched a Tender for the supply of four Self-consumption Production Units (UPAC) as well as pumping stations for the Primary Network of the Multi-Purpose Enterprise of Alqueva (EFMA).

Portugal’s project will be the largest floating photovoltaic project in Europe, and it is expected to cost 45 million euros. The estimated production of 90 GW/hr will supply energy from photovoltaic plants for around 2/3 of the entire population of the Baixo Alentejo region in southern Portugal.  

Europe’s largest floating PV project involves photovoltaic panels that are installed on floating structures linked to Pumping Stations. The water area that will be covered by floating PV panels is 42 hectares, that will require around 100,000 PV panels producing a total installed power of 52 MWp.

Portugal’s new floating PV panels project will avoid the emission of approximately 30,000 tons of CO2 per annum.

It is to be noted that Portugal also has a provision for an amount of more than 100 million euros to support the installation of PV panels for agroindustry, farms, and irrigation projects.

What is the Alqueva Multi-Purpose Development project in Portugal?

The Alqueva Multi-Purpose Development project in Portugal already operates nine photovoltaic plants, including two floating ones; and tenders are underway for the installation of another nine plants, out of which five are floating. In December 2023, Portugal launched a Tender for the largest floating photovoltaic project in Europe for an amount of 45 million euros.

The Alqueva Multipurpose Project already comprises the Alqueva Dam, the Alqueva Hydroelectric Power Station, the Pedrógão Dam, the Pedrógão Mini Hydroelectric Plant, and the General irrigation system.

Portuguese company EDIA – Empresa de Desenvolvimento e Infraestruturas do Alqueva - is a public limited company with an exclusively public share capital that belongs to the state corporate sector. Its mission is to design, build and operate the Alqueva Multipurpose Project (EFMA), that comprises 20 municipalities in the districts of Beja, Évora, Portalegre and Setúbal in southern Portugal.

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