WElink Group and China Triumph International Engineering Co. Ltd have completed the 219 MW Solara 4 project in the Algarve region, Portugal. The facility is expected to begin full operations before the end of October.
Referred to as the Solara4 project during its development and construction, the power plant was renamed the Riccardo Totta Photovoltaic Plant at an inauguration ceremony held in the first week of October. The PV plant is equipped with 661,500 panels. It can produce about 382 GWh of solar energy and meet the consumption needs of some 200,000 homes.
Developers WElink and China Triumph International Engineering Co. Ltd. (CTIEC) have signed a long-term PPA with Spanish company Audax for energy produced by the PV plant.
Country updates
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August 17, 2021
Portugal's AdC approves 70% stake acquisition in Profit Energy
Autoridade da Concorrência (AdC), the Competition Authority of Portugal, has approved the 70% stakes acquisition deal of Greenvolt - Energias Renovaveis SA in Profit Energy. Prof...
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July 27, 2021
EDPR divests 221 MW Portuguese wind portfolio to Onex
EDP - Energias de Portugal, S.A., through its 74.98% owned subsidiary EDP Renováveis, S.A. (EDPR), signed a Sale and Purchase Agreement with Onex Renewables S.a.r.l, to sell a 100% equity stake...
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July 02, 2021
New investor commits US$232mn for NextPower III
NextEnergy Capital Group (NEC) has announced new investor commitments of US$232 million into NextPower III ESG international solar fund (NPIII), taking total funds raised to date to US$530 million (in...
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June 17, 2021
Portugal approves location for 270 MWp solar project in Palmela
The city government of the Portuguese community of Palmela has authorized the location for building of a 270 MWp solar facility. Proposed by LOGZ Atlantic HUB SA, the solar park will feature 614,...
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May 26, 2021
USS invests EUR225m for 50% stake in Bruc Energy
The Universities Superannuation Scheme (USS), the largest private pension fund in the United Kingdom by assets, has taken a 50% stake in Bruc Energy, a Spain and Portugal renewables-focussed investmen...
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