Energy

The Spanish power giant Endesa is to invest €700 million on an 800 MW green energy project at Pego near Abrantes in central Portugal. This is according to its new three-year strategic plan (2024 [...]

Spanish companies are heading the list of those interested in bidding in Portugal’s eolic offshore wind power auction. Companies from other countries including the US, Japan, China, Canada, and [...]

Galp Energy closed the third quarter of 2023 with a profit of €210 million, up 12% like-for-like on 2022, but below the €258 million posted in Q2 of 2023. The accumulated results for the first [...]

Portugal’s multinational energy provider EDP achieved a net result of €946 million, an 83% increase on the same period last year when it posted a €518 million result. According to EDP, the [...]

In the coming days, Portugal is preparing to launch a call for ‘demonstrations of interest’ for parties wanting to build offshore wind farms off its Atlantic coast. In this first auction round, [...]

Spanish company Capital Energy, the first 100% renewable vertically integrated electricity firm on the Iberian peninsula, has submitted three offshore wind energy projects in Portugal for an [...]

A disastrous investors ‘no show’ at a renewables energy auction in the UK on Friday is sounding alarm bells for the Portuguese government that has invested heavily in its own offshore wind [...]

Independent energy producer BNZ that develops, builds, and operates solar photovoltaic projects in Southern Europe, particularly Portugal and Spain, is to invest €450 million in Portugal with [...]

The CEO of Portugal’s energy giant EDP, Miguel Stilwell has promised a record investment in EDP Brasil to the tune of €6Bn to 2028. The EDP CEO and new chairman of EDP Brasil following the IPO [...]

Portugal’s energy giant Galp Energia saw petroleum production tumble in the second quarter of the year and its oil refining margins fall by over 50% on the same period because of the falling [...]