Wind energy is a relevant topic in Portugal’s energy market. Through windy areas near the ocean and sea, the country is predestined for wind park developments. In this article, we are introducing three major wind park developers in Portugal from our list of the largest wind park developers in Europe.
1) EDP Renovaveis SA
EDP Renovaveis SA (EDPR) is the renewable energy subsidiary of Portuguese utility EDP. It was launched through EDP’s acquisition of Horizon Wind Energy LLC in 2007. EDPR is a major player in Portugal’s wind park development market. For example, the European Investment Bank agreed at the beginning of 2021 to give EDPR a $112M loan for the development of two wind farms. One of them is a 33MW project in Tocha, the other one is a 92MW in Sincelo. Besides, EDPR is active in other countries. For instance, a 50/50 joint venture of EDPR and Engie was awarded a 1GW offshore wind project in Scotland.
2) Finerge
Another main player in Portugal’s wind development landscape is Finerge. The firm operates 68 wind farms (and 17 solar farms, as of May 2022) in Portugal and Spain. The firm is constantly adding new capacity through the development of new wind parks. For example, in July 2021 Finerge ordered five 5.8MW turbines for a wind farm expansion project from the renewables arm of General Electric. The turbines have a 158m rotor, which makes them (according to Finerge) the largest onshore wind turbines in Portugal. The two extended wind farms are called Toutico and Lagoa de D Joao.
3) Capital Energy
Our final mention is Madrid-based Capital Energy. The company plans to co-develop offshore wind projects together with Shell in Spain and Portugal. So far, the firm has more than 2,000MW under development. A special focus will also lie on floating offshore wind projects. Capital Energy plans to be active throughout the complete renewables value chain on the Iberian peninsula.
