Portugal’s five main banks, CGD, BCP, BPI, Montepio and Novo Banco lent around €70 million over a four year period to the Portuguese electrical installations and technology company Efacec. The [...]
Leading global wave energy developer CorPower Ocean has appointed Miguel Silva as head of its Portuguese operation. The news comes shortly after CorPower revealed plans for a new 16 MEUR [...]
A South Korean solar energy company, Hanwah Q-Cells, is to set up in Portugal. The 68-year-old company, well-known in the Far East, aims to be one of the big players in solar energy in the [...]
The CEO of EDP, António Mexia and CEO of EDP Renováveis, Manso Neto have paid up the €2 million in bail required by super Judge Carlos Alexandre to keep them out of jail. The two top brass at [...]
Portuguese electricity giant EDP’s second largest shareholder, Spain’s Oppidum Capital has invested around €70 million in the power producer’s latest capital call. Oppidum Capital now holds 7.19% [...]
EDP is to ask shareholders to beef up their investments in the Portuguese energy company through a capital call of around €1Bn. Just over one year after China Three Gorges lost a PAO (Public [...]
Portugal has decided to stop using coal in its power stations two years ahead of schedule. The Portuguese energy giant EDP has announced that it will close its coal fired power plant at Sines [...]
The electrical machinery company Efacec has been nationalised by the State in a bid to save around 2,500 jobs. The decision was taken at a meeting of the Council of Ministers on Thursday [...]
The European Commission issued a warning today (20 May) that Portugal’s banks could be exposed to the Angolan slump whose oil-reliant economy is suffering as a result in the international [...]
Portugal’s energy giant EDP is to sell to sell two power station groups in Castejón, Navarra in Spain for €515 million. The combined cycle plants which produce 843 MW of power is to be bought by [...]
