Foresight Group has announced the full operation of Vale Matanças 7.2 MW solar farm located in Alcácer do Sal, Portugal, which was grid connected on 5 December 2018. Foresight originally acquired the project in Jun 2017, and construction started earlier in 2018
The Project which derives income purely from the sale of the power generated, has secured a ten-year power purchase agreement (PPA) with a Spanish utility company and will deliver 12 GWh of clean renewable electricity per annum.
Foresight has been advised by Our New Energy in the execution of the Power Purchase Agreement.
Country updates
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November 30, 2018
BPI leads financing for Aquila acquisition of 100 MW Portuguese hydropower portfolio from EDP
Banco BPI is leading a planned financing for Aquila Capital’s acquisition of 21 operational small-scale hydro power plants in Portugal from EDP. The hydropower portfolio consists of 14 run-of-...
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November 10, 2018
Aquila Capital agreed to acquire 100 MW hydropower portfolio from EDP
Aquila Capital, a German alternative asset management division of Aquila Group, has agreed with electricity supplier Energias de Portugal SA (EDP) to acquire a portfolio of 21 small hydropower pl...
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October 29, 2018
Allianz Capital closes acquisition of 46 MW solar project in Portugal
Allianz Capital Partners (ACP) on behalf of Allianz insurance companies has closed the acquisition of the 46.1 MW Ourika project in Portugal. The solar farm is fully operational and has been developed...
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October 23, 2018
EIB grants EUR60 million loan to floating offshore wind project in Portugal
The European Investment Bank (EIB) has announced that it has granted a EUR60 million (US$68.8 million) loan to Windplus S.A., a subsidiary of EDP Renováveis (79.4%), Repsol S.A. (19.4%) and Pri...
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October 22, 2018
Bourbon Subsea Services wins installation contract for 25 MW offshore wind project in Portugal
Bourbon Subsea Services has announced that it has been selected by Windplus to install three floating wind turbines 20 km off the coast of Viana do Castelo, north-west Portugual. With a...
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