Portugal to invest EUR 25m in less popular renewables
Author: Matt Berlin. License: Creative Commons, Attribution-ShareAlike 2.0 Generic
The Portuguese government will invest EUR 25 million (USD 27.9m) in less popular renewable energy sources, the State Energy Secretary said on Sunday.
Technologies widely used in the country such as solar PV and CSP, hydropower and onshore wind will not be included.
Investors can apply for the funds until December 16 of this year. The financing of the projects assumes the form of a non-repayable grant, with a maximum amount of EUR 5 million for each beneficiary. The local government said investors must be registered as special regime producers.
Under its national renewable programme (PNAER), Portugal aims for renewables to reach 31% in the country's final consumption of energy by 2020. It had achieved 27% at end-2014.
Portugal approved last week 180 MW of solar energy projects to be installed in the Alentejo region, and it signed two cooperation agreements focused on the development of renewable energy in the Morocco.