Energy

EDP has agreed to sell 51.3% of its tariff deficit for 2024 for €1.1Bn. In recent years electricity tariff deficits have emerged in Spain, Portugal, Greece and in some other Member States. Tariff [...]

The US equity fund KKR is to launch a takeover bid or public acquisition offer for the Portuguese renewables energy company Greenvolt. A €1.1Bn price tag has been mooted for the energy company [...]

The EU Commission has authorised EDP – Energias de Portugal to sell half of the power stations group Aboño to the Corporación Masaveu which holds Oppidum, the second largest shareholder in [...]

The financial results of renewables company Greenvolt led by João Manso Neto, tumbled by 65% to €5.9 million to September. The group’s revenues stood at €268 million, 46% up on the like-for-like [...]

The Spanish power giant Endesa is to invest €700 million on an 800 MW green energy project at Pego near Abrantes in central Portugal. This is according to its new three-year strategic plan (2024 [...]

Spanish companies are heading the list of those interested in bidding in Portugal’s eolic offshore wind power auction. Companies from other countries including the US, Japan, China, Canada, and [...]

Galp Energy closed the third quarter of 2023 with a profit of €210 million, up 12% like-for-like on 2022, but below the €258 million posted in Q2 of 2023. The accumulated results for the first [...]

Portugal’s multinational energy provider EDP achieved a net result of €946 million, an 83% increase on the same period last year when it posted a €518 million result. According to EDP, the [...]

In the coming days, Portugal is preparing to launch a call for ‘demonstrations of interest’ for parties wanting to build offshore wind farms off its Atlantic coast. In this first auction round, [...]

Spanish company Capital Energy, the first 100% renewable vertically integrated electricity firm on the Iberian peninsula, has submitted three offshore wind energy projects in Portugal for an [...]