#Portugal

Iberdrola has announced that the Montechoro I and II PV plants, located in Algarve, Portugal, have been completed and now contribute to the country’s renewable production capacity.

The project will have a capacity of 274 MW and will be built in the districts of Vila Real and Braga.

The two power plants are located on the Iberian peninsula, in Spain and Portugal.

Sonnedix has announced the start of the construction of the Sonnedix Douro project, its first solar project in Portugal.

Portugal, Lisbon: The European Investment Bank (EIB) is to lend €450 M to Redes Energéticas Nacionais SGPS, S.A. (REN) for Portuguese power grid upgrades.

Iberdrola and Prosolia Energy have announced securing approvals for the construction of Europe’s largest PV plant, fifth largest worldwide.

Portugal, Lisbon: The Government of Portugal made a pre-notification to Brussels of  deal for the sale of Efacec to DST Group about two months ago.

Portugal: INESC TEC has concluded a project that focused on the development of new control features for the transformer substation of the future.

Efacec has just taken a new step with the unprecedented launch on the market of the modular system concept.

The Portuguese government announced the nationalisation of the industrial company Efacec

Finnish company AW-Energy Oy had completed the installation of a new substation for its SURGE2 wave energy project located off the coast of Peniche in Portugal.

Portugal, Lisbon: Africa’s richest woman Isabel dos Santos has been reported to have completed the acquisition of a 65% stake in Efacec Power Solutions after signing a sale contract for more than $220 million.

Spain, Madrid: Spain, Portugal and France sealed the agreement on boosting energy cooperation as a step towards reducing energy dependence on Russian energy supplies.