Windpower Monthly rating 3.5/5
Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
There has been a very strong support for wind projects in Portugal over the last 20 years and there is a wide political consensus around this option.
The peak has passed but there is a continuous flow of mergers & acquisitions and foreign investment interest in Portuguese wind power.
There is a natural limit in terms of balance of sources as currently wind accounts already for about 1/3 of the electricity produced in Portugal.
This may only grow significantly if the European plan to seriously increase the interconnection capacity in the Pyrenees bottleneck takes off as it would allow for massive export to central Europe.
PORTUGAL The combined factors of austerity and close-to-saturation wind penetration in Portugal continue to slow the rate of growth.
PORTUGAL: Portugal's wind association, APREN, expects new capacity in 2014 to fall below even 2013's 202MW.
PORTUGAL: Portugal's wind market is facing stagnation.
PORTUGAL: Portugal will reach its renewable energy action plan goal, according to the European Wind Energy Association (EWEA), and provide 31% of energy from renewable sources by 2020. With almost 6.9GW wind power capacity producing 14.6TWh by 2020, wind is expected to cover almost 23% of electricity consumption. EWEA points out that wind production capacity factors may have been underestimated in the national plan, so the final figure could be even higher than projected.
Wind power is a common factor when it comes to European countries hitting their EU 2020 renewables targets. Windpower Monthly's looks at each member state's plans to increase their quotas.
The Portuguese parliament has approved a report calling for the government and regulators to curb excessive profits of electricity generators, including a €950 million alleged over-payment to EDP for guaranteeing supply from its Sines coal-fired plant.
Developer EDPR has signed an agreement to sell its remaining shareholdings in a 997MW portfolio of European wind farms to unnamed institutional advisors for a total consideration of about €800 million.
Portugal's stock market regulator has set a strict time limit on the bid by EDP's largest shareholder China Three Gorges (CTG) to acquire 100% of the Portuguese generator for €3.26/share.
Over 70% of EDP's electricity generation will be from renewable sources by 2022, the company said while laying out its strategic plans.
A fall in energy prices around the world impacted on developer EDPR's annual results, with revenues down 7%.