Solar energy is a growing power source in Portugal. In 2020, the combined installed capacity was 1.03 GW which made up 3.6% of the total power generation in that year. Portugal has set the goal to have a total capacity of 8.1 GW to 9.9 GW installed by the year 2030. The following three companies are taking part in this change towards a higher utilization of solar energy in Portugal.
1) Finerge SA
Matosinhos-based company Finerge SA is an renewable power company that invests into wind farms as well as PV solar plants. The company is driving the generation of renewable energy forward by purchasing and developing several renewable assets in Portugal. Founded in 1996, Finerge has extended its portfolio in Portugal by investing in renewable assets across 45 municipalities. In these municipalities in Portugal as well as in three provinces in Spain, the company owns 53 wind farms and 16 photovoltaic solar plants overall, which brings its portfolio to an approximate capacity of 2.4 GWh.
Headquartered in Lisbon, Hyperion Renewables is a renewable energy company that develops and invests into renewable energy assets. It also provides asset management and advice about the energy market. Founded in 2006, the company is focusing on solar technologies. In Portugal, it holds six photovoltaic projects with a capacity of 195 MW at sites in Cartaxo, Amareleja and Ferreira do Alentejo.
3) Galp S.A.
The Lisbon-based company invests into onshore wind and solar technologies across Portugal, Spain and Brazil. With a total operational capacity of 950 MW and many projects currently in development, Galp S.A. has big plans for the future: The company‘s goal is to continually expand its portfolio of renewable energy assets to a total operating capacity of over 4 GWp by 2025 and of 12 GWp by 2030. In Portugal, Galp S.A. owns a total portfolio of 507 MWp of PV projects in Algarve as well as in Alentejo, at different stages of development.
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Image Source: American Public Power Association via Unsplash (30.08.2022)