- Press Releases
May 11 (Renewables Now) - Portuguese utility Energias de Portugal SA (ELI:EDP) announced today it has received the green light to commence construction of a 4-MW floating photovoltaic (PV) plant in Portugal's Alqueva Reservoir.
The energy giant plans to invest about EUR 4 million (USD 4.8m) in the project, which will consist of 12,000 panels and a lithium-ion battery storage system of 1 MW/2 MWh.
EDP plans to start work on the project this summer, with commissioning expected to happen as early as the end of the year. Once in operation, the facility will be capable of generating 7 GWh annually, enough to supply 25% of consumers in the Portel and Moura region.
The floating PV station is part of the Alqueva plant, a pumped hydropower plant (HPP). Designed with a hybrid operation model, the facility can use solar and wind power to pump water and reuse it to produce hydroelectric power when needed, EDP explained.
(EUR 1.0 = USD 1.216)