Endesa bags connection rights for floating solar in Portugal

Spanish utility Endesa SA (BME:ELE) said today that it has secured rights to a 42-MVA connection in Portugal’s first floating solar auction.

The company will invest around EUR 115 million (USD 126m) in the project, its first to use the floating solar technology. The array of an unspecified size will be installed on Portugal’s Alto do Rabagao reservoir and come online in 2026, Endesa said.

Endesa’s latest success in Portugal comes just days after the Spanish utility group won rights to a 224-MVA connection in a tendering process which Spain’s neighbour organised to select renewables that will replace the closed down Pego coal-fired power plant. Endesa won the bidding with a proposal to build a solar and wind complex hybridised with a battery storage system and a 500-kW electrolyser.

(EUR 1.0 = USD 1.097)

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