Renewables

The Lisbon-based special purpose investment vehicle GVK Omega created by the fund KKR to acquire Greenvolt and take it off the stock market, has instructed Mediobanca to buy shares in the [...]

Renewables energy company Greenvolt posted a net result of €1.2 million for 2023, a fall of 92.9% according to a note sent to the Portuguese securities market commission CMVM this week. The [...]

Portugal’s high tax system could make it difficult for the energy company Galp to invest in decarbonising the oil refinery at Sines and develop a lithium refinery. The company says that the [...]

CorPower Ocean’s C4 Wave Energy Converter (WEC) has completed the first cycle of the ocean commissioning program at the Agucadoura site in northern Portugal. Now proven at commercial scale, [...]

The Danish renewables company Orsted has pulled out of the offshore wind energy auction in Portugal. The company withdrew as it reported devastating financial losses of €2.7Bn for 2023 and [...]

Portugal’s energy giant Galp and the US renewables company Powin have signed a partnership agreement to install an energy storage system using large-scale batteries at one of its solar parks in [...]

Octopus Energy Group, a British energy supply company that provides 100% green energy to around 5 million UK homes and businesses, is to invest around €100 million in the Portuguese market in [...]

Global renewables firm Endiprev is strengthening its international profile after becoming the lead engineering services provider for the ground-breaking Vineyard Wind Project – USA’s first [...]

The CEO of Greenvolt, João Manso Neto, has called on the government to have the courage to change mentalities and invest in energy communities. The former EDP Renewables executive made his [...]

Seventy-one per cent of all energy generated in Portugal in 2023 came from green energy sources. It meant that Portugal reduced its carbon footprint by 10 million tonnes of carbon in 2023. [...]