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 [...]
EDP is to invest €3.5 million in a floating solar park on the Alqueva reservoir in the Alentejo. The platform will have 11,000 panels with an estimated production of 6,000 MWh, replicating an [...]
The Chinese takeover bid for Portugal’s electricity giant EDP failed on Wednesday. The decision by EDP shareholders and directors to maintain a 25% cap on voting rights meat that Chinese [...]
Flights in and out of Portuguese airports threatened to be grounded at midday on Wednesday because of a strike by fuel suppliers. Humberto Delgado Airport in Lisbon ran out of the aircraft fuel [...]
The Portuguese listed companies regulator CMVM has set a date limit for the proposed Public Acquisition Offer from the Chinese energy giant China Three Gorges for greater control of Portugal’s [...]
EDP Renewables has made a net profit of €300 million for 2018. The energy company led by Manso Neto and part of the Portuguese electricity giant Energias de Portugal which is part-owned by the [...]
The Spanish electrical energy producer Iberdrola which has interests in the Portuguese market saw profits soar 7.5% in 2018. Its net profits were €3Bn, up 7.5% on 2017, reflecting an improvement [...]
