Portugal Renewables Report Q2 2016
Latest Updates and Structural Trends
The political uncertainties as well as ongoing economic competitiveness issues have led to a downwardrevision of all renewable sub-sectors growth rates for our ten-year forecast, as delayed structural reformscontinue to undermine Portugal's economic shift away from private consumption-dependence towards aproduction, investment and export-oriented economy.
During 2016, Portugal's total generation from non-hydropower renewables will be 16.75TWh, whichrepresents some 33.24% of total electricity generation, marginally higher than 2015's 31.82%.
The first draft of the government's economic and social development plan (GOC) 2016-2019, publishedin January 2016, is suggesting an investment focus on solar power for the next three years.
In December 2015, Portuguese renewables developer Muki Solar submitted a licence application for1GW's worth of solar projects to the General Directorate for Energy and Geology.
In November, EDP came to an agreement with four partners to develop the 25MW Windplus floatingoffshore wind project, which is scheduled to commission in 2018. The project is receiving USD27.2mnfrom the European Commission.
In late October 2015, EDP took full ownership of 613MW's worth of wind capacity, previously owned bythe Eólicas de Portugal consortium, formed of EDP, Italy's Enel Green Power and Genergy. Thetakeover had been approved in August, and will raise EDP's renewable capacity in the country to1,243MW.
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