Endesa wants to invest €2.8 million in Portugal
Endesa has ongoing investments of €800 million in Portugal, but does not want to stop there. In an interview with Expresso, the executive of the Spanish electric company, José Bogas, revealed that Endesa has an additional portfolio of renewable energy projects for the Portuguese market estimated at €2 billion.
Let’s start with the projects already underway. Endesa won the tender for the Pego connection point, absorbing part of the grid connection capacity released with the closure of the Abrantes coal-fired power plant. And there it will invest around €600 million, to install 365 megawatts (MW) of photovoltaics, 64 MW of wind and 168 MW of battery storage, in addition to a small production of green hydrogen. But there are two other key projects in which the company is expected to invest around €200 million. Endesa won a lot in the 2020 solar auction, which would lead it to build, by 2020, a 114 MW photovoltaic plant in the Algarve. And there will also be 4 fences in the floating solar energy auction, which will allow the installation of a 4 MW solar power plant in the rabagão reservoir (to which it will add 4 from the Alto Rabagão of 8 MW wind farms and 40 MW batteries) .
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