France’s Voltalia SA (EPA:VLTSA) today said it has initiated the construction of five solar projects in Portugal that will add 50.6 MW of total power generation capacity.
The portfolio consists of five schemes that will form the Garrido photovoltaic (PV) cluster. Namely, these are the 23.8-MW Alcochete, the 11.8-MW Pinhal Novo, the 11.4-MW Antuzede, the 2.4-MW Vale Serrao and 1.2-MW Oliveira de Frades projects.
Once in operation, the five solar parks will generate electricity that will be sold under long-term power purchase agreements (PPAs) with corporate partners. Voltalia estimates that the combined output of the plants will help mitigate more than 46,600 tonnes of carbon dioxide (CO2) emissions annually.
"Against the backdrop of energy price tensions in Europe, the launch of new project construction in Portugal supports the production of renewable and competitive electricity, “ said CEO Sebastien Clerc. He highlighted that the country’s efforts to lift the share of renewables in its total energy consumption have resulted in a share of over 65%.
The French renewable power producer has 71 MW of assets in Portugal, either in operation or under construction. It is also working on the development of a 33-MW floating solar project near the Cabril dam in Serta, which it secured in a domestic tender in April.
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