EDP sells stake in 100 MW biomass-to-power portfolio in Portugal
EDP – Energias de Portugal, S.A. (EDP) has agreed to sell 50% of the share capital, credits and voting rights in the share capital of EDP Produção – Bioeléctrica, S.A. to a subsidiary of Altri, a eucalyptus pulp producer.
EDP Bioeléctrica owns and operates four forest biomass power plants in Portugal, as well as another under construction that is expected to commence operations in the first half of 2019. The generation capacity of the company's portfolio is 100 MW.
This sale gives Altri 100% control of EDP Bioeléctrica. It is expected to close in the second half of 2018, subject to the approval of the EU Competition Authority.
Country updates
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July 24, 2018
EIB signs financing for 1 GW hydropower project in Portugal
The Europe Investment Bank (EIB) has signed a EUR500 million (US$585.6 million) loan agreement, the first tranche of a total EUR650 million (US$761.3 million) funds approved, for a majo...
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June 18, 2018
Anesco has sold the project to ESB for an undisclosed sum
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June 05, 2018
Efacec has been contracted to build the project on a turnkey basis with complete engineering, procurement and construction (EPC) works and operation and maintenance (O&M) services
Efacec has been contracted to build the project on a turnkey basis with complete engineering, procurement and construction (EPC) works and operation and maintenance (O&M) services. The start of operation is scheduled in late 2018
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June 05, 2018
Efacec has been contracted to build the project on a turnkey basis with complete engineering, procurement and construction (EPC) works and operation and maintenance (O&M) services
Efacec has been contracted to build the project on a turnkey basis with complete engineering, procurement and construction (EPC) works and operation and maintenance (O&M) services. The start of operation is scheduled in late 2018
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May 30, 2018
The construction of the project has started
The construction of the project has started. It is slated to be commissioned in 2019
