Portuguese oil and gas company Galp has acquired the 24.99% it did not already own in Titan, a solar joint venture it created with Spanish engineering company ACS Group in 2020.
A round-up of the latest solar project news, as BNZ enters Portugal, Centrica pens a VPPA with Matrix Renewables in Spain and a 73MW plant in California is completed.
Powering electrolysers with renewables generation that would otherwise be curtailed could be an effective strategy for producing green hydrogen in the coming years until the H2 sector benefits from further cost declines, it was suggested during a panel discussion.
Portugal’s electricity regulator has said higher than forecasted solar and wind generation has allowed it to propose a 2.6% reduction in regulated tariffs to protect consumers in the country from soaring energy prices.
Portugal's latest solar auction made headlines earlier this month as record-low negative bids were posted, with the results illustrating the value developers place on securing a grid connection and the strong potential they see in hybridising renewables assets.
Portuguese developer Madoqua Renewables has partnered with Dutch developer Power2X and Danish investment firm Copenhagen Infrastructure Partners (CIP) to build a green hydrogen and ammonia project in Portugal with an investment of €1 billion (US$1.07 billion).
Portugal’s first floating solar auction closed with a world record-low price, with utilities EDP and Endesa among the winning bidders, the country’s environment ministry has announced.
