EDA to invest EUR 100m in hydro, wind, geothermal power next 4 yrs - report

EDA to invest EUR 100m in hydro, wind, geothermal power next 4 yrs - report

(ADPnews) - Dec 27, 2010 - Portuguese regional electricity operator EDA will invest EUR 100 million (USD 131.3m) in hydro, wind and geothermal power plants in the coming four years.

The company targets half of the electricity consumption in the Azores Islands to be secured by renewable sources in 2015, daily Oje wrote in its Monday edition.

Now, some 30% of the power consumed in the region is generated by hydro, wind and geothermal plants. This share is expected to come in at 75% in 2018.

(EUR 1.0 = USD 1.313)

Choose your newsletter by Renewables Now. Join for free!

More stories to explore

Franco-Iberian H2 pipeline to be extended to Germany

Franco-Iberian H2 pipeline to be extended to Germany

Jan 23, 2023 12:00 CEST

Acciona Energia to supply renewable power to Grupo Violas in Portugal

Acciona Energia to supply renewable power to Grupo Violas in Portugal

Feb 07, 2023 14:23 CEST

Renewables cover 88% of Portugal's power consumption in Jan

Renewables cover 88% of Portugal's power consumption in Jan

Feb 03, 2023 8:55 CEST

EU plans pilot green hydrogen auction in autumn 2023

EU plans pilot green hydrogen auction in autumn 2023

Feb 02, 2023 14:53 CEST

EC president outlines Green Deal Industrial Plan

EC president outlines Green Deal Industrial Plan

Feb 01, 2023 17:34 CEST

Iberdrola gets enviro nod for 1.2-GW solar project in Portugal

Iberdrola gets enviro nod for 1.2-GW solar project in Portugal

Jan 31, 2023 15:36 CEST

Published Dec 27, 2010 11:12 CEST

Author Iliana Chalakova

Share this story

Tags

About the author

Iliana Chalakova

More articles by the author

5 / 5 free articles left this month

Get 5 more for free Sign up for Basic subscription

Get full access Sign up for Premium subscription