July 3 (Renewables Now) - Spanish independent power producer Greenalia SA (BME:GRN) has set up two companies in Portugal aiming at the local solar photovoltaic (PV) market.
Greenalia said Monday its Portuguese units, named Greenalia Power Portugal and Greenalia Solar Power, consolidate the company’s strategy across the entire Iberian peninsula. The move will also allow Greenalia to exploit synergies with projects it plans to carry out in Spain.
Greenalia Power Portugal has been established to operate as an economic unit and an independent branch, while Greenalia Solar Power will function as a subsidiary and develop the solar PV generation field of business, the Spanish firm explained.
Greenalia is also considering to participate in Portugal’s next solar-focused renewable energy auction that will take place in the coming weeks.
According to Portugal's national energy and climate plan (NECP), the country plans to have between 8.1 GW and 9.9 GW of installed solar capacity by 2030. In 2015, Portugal only had around 500 MW of installed solar power.