Investment firm buys 100MW of Portuguese hydropower

Aquila Capital has agreed to acquire 21 operational small-scale hydropower plants from EDP

Floating wind farm in Portugal granted €60m EU loan

The 25MW project is expected to generate enough power for 60,000 homes a year

Spain upgrades power connections with France in €578m interconnector deal

The link will double the power exchange capacity between the nations by 2025

Global leaders and businesses discuss universal energy access

The Sustainable Energy for All (SEforAll) Forum will address the key challenges in ensuring “no one is left behind” in the energy transition

Portugal generates record renewable energy

Green energy generation accounted for 103.6% of consumption in March – a value said to be unmatched in the last 40 years

EU approves €60m aid for Portuguese green buses

The European Commission has approved €60 million (£53.8m) of funding for low emission buses and supporting infrastructure in Portugal. It was initially unclear whether the environmentally friendly plans, which would reduce the greenhouse gas emissions of each bus by at least 15%, would be in line with EU state aid rules. The Commission considered public funding appropriate […]

EU bank supports commercial wave energy tech

The European Investment Bank (EIB) is to help finance the development of commercial wave energy technology in Europe. It is investing up to €10 million (£8.53m) in AW-Energy, the Finnish developer of “WaveRoller” technology, to accelerate commercial roll-out. The WaveRoller is a near-shore underwater device that converts wave energy into electrical power. In 2012, the […]

Portugal runs on green energy for four consecutive days

Renewable energy kept Portugal’s lights on for four consecutive days last week. The clean energy milestone was revealed by System Sustainable Land Association (ZERO) and Portuguese Renewable Energy Association (APREN), which analysed data from the National Energy Network (REN). Electricity usage in the country was fully covered by wind, solar and hydro power between 6.45am […]

IEA reviews Portugal’s energy policy

Portugal must maintain its efforts to deliver a financially sustainable energy system. That’s according to the International Energy Agency (IEA) which recommends the Portuguese Government to resolve the so-called tariff deficit caused by past imbalances between the electricity system’s regulated costs and revenues from regulated tariffs. Its report highlights the progress the government has made to […]

Wind supplies 8% of EU energy demand

Wind energy accounted for 8% of the EU’s electricity demand last year. That was equivalent to 129GW of generation, according to a new report. Denmark, Portugal, Ireland, Spain, Romania and Germany produced between 10% and 40% of their electricity from wind farms. The report from the EU’s Joint Research Centre predicts wind power’s electricity share to grow […]