Portugal’s national petroleum and gas company Galp has seen its profits eroded to post a €45 million loss to September. In 2019 it enjoyed profits of €403 million but now has seen all that wiped [...]
By Natasha Donn [email protected] Strategic infrastructure plans for Portugal’s largest and most important shipping port at Sines near Setúbal will map out Portugal’s plan to [...]
The British mining company Savannah is looking to mine around 30,000 tonnes of lithium per annum from 2022. David Archer, CEO of Savannah Resources told ECO online that lithium production at the [...]
China Three Gorges (CTG), the largest shareholder in Portugal’s energy giant EDP with 21.55% capital has been placed on the US Government’s ‘black list’ since 28 August. This list, which is [...]
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 [...]
