The Azores Islands go green with EUR 22m investment
Geothermal power plant. Author: Idaho National Laboratory. License: Creative Commons, Attribution 2.0 Generic
The Regional Secretary of Tourism and Transport Vitor Fraga said Thursday the Azores Islands' government will invest over EUR 22 million (USD 24.2m) in renewable energy in 2016.
The announcement was made at the groundbreaking ceremony of the Pico Alto geothermal plant on Terceira Island.
The money will be invested primarily in geothermal power in the island as well as in Sao Miguel region, but it will also include management of water systems and wind farms. The government expects renewable energy to reach 38% of its power production, Fraga noted.
Once the Pico Alto plant is complete, Terceira Island's renewable production will reach about 30%, of which 11% will come from geothermal power, the equivalent to an annual production of 21 GWh.
The Azores Islands will strive to achieve a 56% share of renewables in its overall energy production by 2019.