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.
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%.
Total's part-owned renewable energy subsidiary Total Eren announced the signing of an agreement to acquire Novenergia, a holding company whose principal asset is Generg, which owns over 430MW of wind capacity in Portugal.
A US-based investment fund has called on China Three Gorges (CTG) to end its attempted takeover of Portuguese energy firm EDP.
Project operators in Portugal will be able to add turbines to up to 20% of the grid connection capacity at existing wind farms without regulatory permission under new government legislation.