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 toward a revised 20.8 GW target by 2030.
Corporate PPAs with variable price structure achieve higher performance
Researchers in Portugal have simulated 800 power purchase agreemeents across eight different contract type and have found that contracts with a variable price structure achieve higher performance. Their analysis considered net present value, contract performance deviation and volume residual as the main indicators.
Portugal awards grants to 500 MW of energy storage projects
A total of 43 projects were selected from 79 applications in Portugal’s 2025 energy storage procurement. This included six projects from Spain’s Iberdrola, which secured nearly €20 million ($20.6 million) in public funding.
Renewables supply 71% of Portugal’s electricity in 2024, led by solar
Renewables supplied 71% of Portugal’s electricity in 2024, including 10% from solar, as production hit a record 36.7 TWh, according to grid operator Redes Energéticas Nacionais (REN).
The Hydrogen Stream: Mibgas, DH2 Energy launch Iberian H2 auction
Portuguese researchers say that raw materials are not a major concern for the European supply chain, while Mibgas Derivatives and DH2 Energy have launched the Iberian Peninsula’s first renewable hydrogen auction.
French asset manager Mirova invests €480 million in Austrian developer RP Global
The transaction, consisting of equity and convertible bonds, will cover Italy, Germany, France, Spain, Portugal, Poland and Croatia. RP Global aims to commission 2.5 GWp of renewable power in the next five years.
EDP tests a pilot project in Spain to automate the construction of PV plants
The Hyperflex mobile factory developed by Comau allows the automatic installation of solar trackers while automatically assembling the entire solar blade of up to 48 m2.
Effizency launches web-based simulator providing PV system, heat pump prices, savings
Portugal-based Effizency, a developer of sales software for solar PV and heat pump solution providers, has launched a new web-based simulator module that its customers can use to deliver initial price quotes and savings estimates to potential buyers.
European Commission approves €1 billion in Portuguese state aid to support energy transition
The aid will be available to companies producing relevant equipment, such as solar panels, wind turbines, heat-pumps, electrolysers, and equipment for carbon capture usage and storage.
Akuo, Dos Grados complete 307 MW of solar projects in Portugal
Akuo has completed a 181 MW solar plant in Portugal, while Dos Grados Capital has brought a 126.5 MW plant online.
