Energy

Energy prices look set to soar in oil and gas dependant Portugal after Russia attacked parts of the Ukraine over night on Thursday. The invasion, which had chilling echoes of Hitler’s 1938 [...]

Spanish energy company Endesa, which operates in Portugal, saw its profits fall 11% in 2021 to €1.9Bn. Some 80% of this profit will be paid out to shareholders it was announced on Tuesday. [...]

The Spanish fuel group Repsol has posted a record €2.5Bn profit for 2021, returning its sales to pre-pandemic levels. The record results were party driven by an integrated business model and an [...]

Profits at Portugal’s EDP Renováveis rose 18% in 2021 to €655 million The profits were €99 million up on 2020 when the subsidiary company of EDP saw profits of €556 million. “The net result [...]

EDP Renováveis has completed the sale of a wind farm in Portugal to Onex. The transaction, announced in July last year, reports Jornal de Negócios, covers five wind farms with a total capacity of [...]

Electric car owners who are Galp customers will now be paying an extra 16% to charge their vehicles by next month. The company had already raised energy costs by 9.8% ( (off-peak hours) and 7.5% [...]

The building of a new hydrogen plant should start in 2023 with operations slated for 2025 at Sines according to Portugal’s largest electricity power provider EDP. The electrolysers will provide [...]

Portugal’s only renewables cooperative, Coopérnico has lost 15% of its client base in 2021 at a time when it was growing to nearly 2,000 clients. The reason is restrictions on getting access to [...]

The wholesale price of electricity on the Iberian market hit a new historic high this week because of the high price of natural gas and an increase in the cost of carbon dioxide emission rights [...]

EDP Renováveis and LS Electric have reached an agreement to pursue joint renewable energy projects in South Korea. In a communiqué, EDP, which holds a 74.98% share in EDPR (EDP Renováveis), [...]