Neoen has announced that it has been awarded a solar project with a total capacity of 50 MVA (around 65 MWp) in the recent tender held by the Portuguese government. This photovoltaic power plant, already at a very advanced stage of its development, is located close to the town of Rio Maior, 70 km north of Lisbon. The construction of the solar project will begin in 2021 and fully operational in early 2022.
The project wholly owned by Neoen holds a 15-year power purchase agreement (PPA) with the Portuguese government at a non-inflated price of EUR23.47/MWh (US$26.32/MWh).
Every year the power plant will generate 130 GWh, equivalent to the average annual consumption of a town
of 28,000 inhabitants.
Country updates
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August 07, 2019
EDPR completes sale of 997 MW European wind portfolio
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 As...
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August 05, 2019
Axpo signs solar PPA with BlackRock, Exus for Planta Solar da Gloria solar PV project
Axpo Iberia SL has signed an eight-year power purchase agreement (PPA) with BlackRock and Exus, to off-take the output of a 24 MWp Planta Solar da Gloria solar photovoltaic (PV) farm planned to b...
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August 01, 2019
Edisun Power invests in 23 MW solar PV project in Portugal
Edisun Power signed the contracts to buy one 23 MW photovoltaic construction project in Portugal from Swiss company Smartenergy Invest AG. Construction of the project will begin in 2019, and it is sc...
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July 22, 2019
EDPR starts installation of turbines for WindFloat Atlantic project
EDP Renováveis (EDPR) has started the installation of the first Windfloat Atlantic turbine on its floating platform located in the outer harbor of Ferrol. The fabrication and l...
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July 18, 2019
Portugal's 1.4 GW solar auction receives applications from interested entities
Developers are keen to submit their interest for Portugal’s first ever solar-only auction. The Portuguese government plans to tender for 1.4 GW of solar generation capacity. With the auctions i...
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