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Portuguese energy giant Galp is to slash electricity bills for its customers by around 11% from the start of 2023 while keeping natural gas bills unchanged for the first quarter of 2023. [...]

The Swedish group Ikea is pondering over investing in a solar park in Portugal as part of its sustainability drive and to meet ESG (Environmental, Social and Governance) criteria. This is [...]

Sonae’s Universo as reached an agreement with Bankinter Consumer Finance to create a joint-venture that foresees the combining of Universo businesses with the management entity for the range of [...]

The Portuguese government could net up to €100 million from its windfall tax on local energy and food retail companies which have seen profits soar as an indirect result of the war in Ukraine and [...]

Renewable energy sources such as wind, solar and hydroelectricity will increasingly become an inevitable part of global energy supply as economies move away from fossil fuel dependency. Essential [...]

Portugal is accelerating efforts to become a world leader in the rapidly emerging floating wind sector through specially adapted ‘Technological Free Zones’, offering innovation spaces to develop [...]

The renewables energy company Greenvolt is to set up the largest auto-consumption photovoltaic unit in Europe in Portugal’s Alentejo region. The project for the mining company Almina – [...]

The Danish green energy company Vestas, which produces eolic wind turbines, is to beef up its operations in Portugal according to the online news site ECO. This time in the area of engineering [...]

The Euribor interest rate for 12 months ultimately fixed on mortgages lent by banks has hit the 3% mark for the first time in 14 years. The last time the rate was pegged so high was on 1 January, [...]

The Bank of Portugal has warned that higher interest rates and inflation is pushing around 40% of families onto the bread line as their disposable income is eroded in 2023. In fact two-fifths of [...]