O&G major Galp to begin work on maiden solar project in Portugal

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: IRENA.

Oil and gas company Galp has contracted a consortium to start construction work on its first large-scale PV plant in Portugal next month.

Portuguese energy solutions firm Jayme da Costa will carry out electrical and mechanical works for the 144MW solar complex in Alcoutim, in the southern Algarve region, while conglomerate Visabeira will execute civil construction works.

Consisting of four plants installed on an area of 250 hectares, the project is expected to be completed in the first quarter of 2022 and have an annual production capacity of 250,000MWh.

Susana Quintana Plaza, Galp’s chief operating officer in charge of Renewables and New Businesses, said the project groundbreaking “is a sign of Galp’s commitment to transforming the country’s energy sector to a more sustainable model”.

Lisbon-headquartered Galp currently has 900MW of solar capacity in production, which it acquired from Spanish construction firm ACS Group as part of a deal last year that will see the companies deploy a 2.9GW PV portfolio in Spain by 2023.

Galp has since announced its ambition to allocate between 10% and 15% of its investments in renewables and new businesses, with an aim of reaching a 10GW clean energy portfolio by 2030.

Recent figures from SolarPower Europe reveal Portugal had an installed solar PV capacity of 1.4GW at the end of 2021. The trade body said in its EU Market Outlook for Solar Power report that the country’s solar market has “significantly developed”, driven by successful auctions last year that resulted in record-low tariffs.

Read Next

April 8, 2021
Iberdrola has formed a strategic alliance with insurance company Mapfre that will initially invest in 230MW of clean energy projects in Spain, including 130MW of solar PV.
March 29, 2021
Clean energy investment platform Renewable Power Capital (RPC) has announced the creation of a new joint venture that will develop and acquire 3.4GW of solar PV in Spain.
March 24, 2021
Encavis expects revenue from its solar parks to rebound this year following a 2020 that saw the company’s portfolio affected by “average” meteorological conditions.
March 16, 2021
A round-up of the latest solar project news from around the world, including updates from R.Power, Grenergy Renovables and Duke Energy Florida.
March 12, 2021
Oil group Eni and Italian state lender Cassa Depositi e Prestiti (CDP) have created a joint venture (JV) that will invest more than €800 million in Italy’s renewables sector by 2025.
March 10, 2021
Sungrow has provided its central inverters to a 187MW solar project in Germany that has been developed by utility EnBW without state funding.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET