Portugal Renewables Q4 2019
The renewable energy sector in Portugal, already relatively well developed, has seen a significant uptick in investorinterest over recent quarters. Development is focused on the solar power segment where a number of new projects have beenawarded through the energy auction held in July 2019, including some under a pay-to-produce model, which attracted record-breaking bids. Numerous domestic and foreign companies have been awarded contracts which, once all projects are completed,will double installed solar capacity in the country. More sedate growth is expected in the mature wind and biomass segments overthe coming years, where fewer incentives are in place.
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