Iberdrola has synchronized the first 220 MW turbine at the Gouvães hydroelectric power plant, delivering clean power to the grid for the first time. The hydroelectric plant is a part of the Tâmega Giga battery complex, one of Europe’s largest pumped storage plants.
The complex has an investment of more than EUR1.5 billion (USD1.72 billion). It comprises three reservoirs (Gouvães, Daivões and Alto Tâmega) and three hydroelectric power plants with 1,158 megawatts (MW) capacity on the Tâmega river, a tributary of the Douro. The construction works for Gouvães and Daivões plants have now been completed and all of the generating units are currently undergoing commissioning tests.
Tâmega will be able to produce 1,766 GWh per year, enough to meet the energy needs of neighboring municipalities and the cities of Braga and Guimarães (440,000 households). It will displace 1.2 million tonnes of CO2 emissions per year. When the Gouvães and Daivões plants are fully operational in the middle of this year, the large Tâmega giga-battery will have enough storage capacity to supply two million Portuguese households for an entire day. In 2024, with the commissioning of Alto Tâmega, the facility will be fully completed.
Europe connected 3.6 GW of new offshore wind capacity in 2019 according to the report by WindEurope released today. This is a record in annual installations.
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ENGIE, together with its consortium partners Crédit Agricole Assurances and Mirova, an affiliate of Natixis Investment Managers, has won a competitive process conducted by EDP for the acquisition of Portugal’s second largest hydroelectric portfolio, for an enterprise value and consideration of EUR2.2 billion (US$2.4 billion).
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Siemens Gamesa Renewable Energy has reached an agreement to acquire selected European assets of Senvion Group for EUR200 million (US$223 million).
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EDP Renewables (EDPR), part of Energias de Portugal SA, has completed the sale of its interest in an operating 997 MW European onshore wind portfolio to institutional investors advised by JP Morgan Asset Management.
Read moreTotal Eren has announced the closing of the Novenergia transaction, which involves the acquisition of more than 650 MW of renewable assets across Europe and raising of a EUR250 million (US$281 million) acquisition facility.
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