News
2024-04-05
With renewables on the rise and electricity at zero price, solar plants have been ordered to stop
This Friday several solar plants were forced to stop production, cutting for part of the afternoon close to 1 gigawatt of power, to balance consumption and production, marked by an abundant availability of wind, water and sun.
2024-04-02
Environmental Fund support for batteries misses deadline and slips for the new Government
The Ministry of the Environment had indicated that by the end of the first quarter the Environmental Fund would launch a notice of 100 million euros to subsidize investments in batteries. But it didn't happen.
2024-04-01
Ambition in ocean renewables needs to be continued
Portugal has committed to achieving carbon neutrality by 2050, which requires an increase to 47% in the share of renewable energy in gross final energy consumption by 2030, which is a target of the National Energy and Climate Plan 2021-2030.
2024-04-01
Energy sector had investment of US$2.8 billion in 2023
According to a report by Crédito y Caución, investments in renewable energy and infrastructure by 2030 are crucial factors in laying the necessary foundations for energy transformation. These foundations will help to achieve zero emissions by 2050.