Eurowind Energy invests €400M in Portugal

 In Eolic energy, News, Solar energy, Wind farms

The Danish multinational Eurowind Energy, which launched its second solar power park on Tuesday, is to invest around €400 million in the country by the end of the decade.

The company is to build small production solar parks in Covilhã, Castelo Branco, Mafra, Vouzela and Braganza, with a total installed wattage of 50 megawatts, reports Negócios.
Pedro Pereira, the company’s Southern Europe director told journalists: “By the end of this decade €400 million will have been invested”.
“Construction on half of these will begin shortly; the other half by the end of the first half of the year to begin operation in 2024”, he said.
The Danish company also has three other projects slated for Castelo Branco, two wind/solar farms, and a green hydrogen project.
“Our aim is to have hybrid projects with both solar and wind, with the technology to store energy when power from these is not being produced”, he added.
Pedro Pereira pointed out the various difficulties that the renewables sector is facing in Portugal that are related to the lengthy time it takes for expert reports and licences, the problem of incoherent legislation and lack of human resources in various bodies such as the Directorate-General of Energy and Geology, and an undersized national electricity network and lack of capacity at electrical supply points.