Endesa Generación Portugal, a subsidiary of Enel Group’s Spanish company Endesa, was awarded 99 MW of solar with an energy storage capacity in the preliminary results of the second renewable tender organized by the Portuguese Government through DGEG (Direção-Geral de Energia e Geologia).
The facility, which will be developed, built, and operated by the Enel Group’s renewables arm Enel Green Power, will be the Group’s first renewable + storage project in the Iberian peninsula.
The project, which is expected to start operations in 2024, will be located in the region of Algarve and its construction will involve an investment of approximately EUR90 million (US$106.64 million).
In line with the tender rules, Enel will have the right to connect the new solar + storage project to the national grid under a 15-year contract with the country’s National Electrical System. The DGEG tender was launched for up to 700 MW of new standalone solar and solar + storage projects and is in line with Portugal’s goal to be carbon neutral by 2050.
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