Portugal okays 145.5 MW of unsubsidised PV projects
Portugal okays 145.5 MW of unsubsidised PV projectsSolar modules near garden. Featured Image: Jim Parkin/Shutterstock.com
August 20 (Renewables Now) - Portugal's government said today it has approved three photovoltaic (PV) projects with 145.5 MW of combined solar capacity, all of which will be implemented in the municipality of Santarem.
Local firm Escalabis Solar, the developer of the schemes, has estimated the total investment to be about EUR 81 million (USD 92.5m). The Alforgemel, Casal do Paul and Encarnado solar plants, as they are named, will each have an individua l capacity of 48.5 MW and be comprised of 160,000 solar panels.
The three PV projects will not receive feed-in tariffs (FiTs). The country has given the go-ahead to more than 1,000 MW of unsubsidised solar energy projects, the Secretary of State for Energy, Jorge Seguro Sanches, said.
Portugal aims at having 31% of its energy consumption being met by renewables by 2020.
(EUR 1 = USD 1.14)
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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.More articles by the author 5 / 5 free articles left this month Get 5 more for free Sign up for Basic subscription Get full access Sign up for Premium subscriptionSource: Google News Portugal | Netizen 24 Portugal