The British company Welink Energy Portugal 2 UK Limited, which operates a 220-megawatt solar power plant in Alcoutim, has filed for insolvency. The project, operational since 2021, faced financial difficulties due to lower-than-expected energy production and falling wholesale electricity prices in the Iberian market. The facility is currently being prepared for sale.
Algarve solar plant enters insolvency
Thursday, 27 August 2026AI summary
