Latest news and stories about renewable energy in finance in Portugal for expats and residents.
President Marcelo Rebelo de Sousa has formally congratulated Finance Minister Joaquim Miranda Sarmento on his appointment as Vice-President of the Board of Governors of the European Bank for Reconstruction and Development, highlighting the significance of Portugal's influence within the institution.
Minister of Environment and Energy Maria da Graça Carvalho has ruled out nuclear energy for Portugal, asserting that the nation's high potential for solar, wind, and hydroelectric power makes renewables the only logical path for energy independence and competitiveness.
The renewable energy association warns: while Portugal postpones decisions, Spain is “always one step ahead” and captures investment that could have gone to Portugal.
A €1.2 billion renewable energy investment planned for Castelo Branco is at risk due to what Expresso newspaper calls “a dispute” between Danish energy company Eurowind Energy and the local The post €1.2 billion renewable energy investment in Castelo Branco at risk appeared first on Portugal Resident.
The Danish company wants to install solar power plants, wind turbines, and batteries in Castelo Branco. The scale of the project concerns the City Council, which led Eurowind to commission an opinion poll showing that while the local population has concerns, they also see benefits in the renewable energy projects.
Sogrape has surpassed the 5,000 MWh milestone in solar energy generation within Portugal, strengthening its commitment to achieving decarbonisation targets.
Greenvolt is set to issue 70 million euros in bonds, committing to an annual interest rate of 4.65%. The issuance is part of the 'Green Bonds Greenvolt 2029' programme, as announced in a statement to the CMVM. These bonds will be fungible with those placed on the market on 14 February 2024, which have a five-year maturity ending on 14 February 2029. The current issuance consists of 140,000 bonds with a nominal unit value of 500 euros, totalling 70 million euros. Investment intentions must be communicated by Wednesday, 27 May. Headquartered in Lisbon, the Greenvolt Group operates in 20 countries with 1,180 employees, focusing on renewable energy, including biomass, large-scale project development, and energy distribution. Greenvolt's total revenue grew by 121% to 777 million in 2025.
The renewable energy company Finerge has concluded a 115 million euro financing round for the construction and operation of four hybrid solar projects in Northern Portugal. The projects in Sendim, Senhora da Póvoa, Benespera, and Riodades will be connected to wind farms currently in operation, and together these projects will add...
The lack of visible financial benefits on electricity bills threatens to stall the growth of renewable energy communities.
The attack by the USA and Israel on Iran will influence the negotiations in Colombia to discuss the abandonment of fossil fuels, explains Brazilian economist Laura Carvalho.
The proposal was made on Thursday at the start of the European Council taking place in Cyprus, Sánchez himself said on Friday in statements to journalists upon his arrival for the second day of the meeting.
The increase in renewable energy production “helped mitigate the impact of the conflict with Iran on wholesale electricity prices” by replacing gas-fired generation, according to the consultancy firm Montel.
Europe set a record for electricity production from renewable sources in the first quarter, with a 15% increase in solar and 22% in wind power compared to the first quarter of 2025, according to consultancy Montel. Total renewable energy production reached 384.9 terawatt-hours (TWh), driven by record solar output, a recovery in wind power, and strong hydroelectric generation. This increase in clean, local electricity helped mitigate the impact of the conflict with Iran on wholesale electricity prices by replacing gas-fired generation. Despite record volumes, the share of renewables in the energy mix stood at 48.8%, lower than in previous quarters, due to cold weather conditions that pushed demand to its highest level since 2022.
A major financial institution from Wall Street is investing in the renewable energy sector in Portugal.
Projects of this nature can — and should — establish themselves as true catalysts for employability, international projection, and territorial development.
Galp announced this Thursday the acquisition of a wind portfolio in Spain with 351 MW of capacity, currently held by the Helia Funds consortium, a partnership between Plenium Partners and Bankinter Investments. The transaction values the assets at 320 million euros, according to the Portuguese oil company in a statement released through the Commission.
The director of the International Energy Agency (IEA), Fatih Birol, believes that the energy crisis linked to the war in Iran will accelerate the development of renewable energy, nuclear power, and electric vehicles. Birol noted that while the global energy system architecture will change, the current crisis is more severe than those of 1973, 1979, and 2022 combined, warning of a 'black April' due to significant damage to energy infrastructure and potential supply disruptions.
The energy crisis, a result of the conflict in Iran, is pointed to as the main reason.
Total renewable energy capacity reached 5,149 gigawatts (GW) in 2025, following an addition of 692 GW—a 15.5% annual increase—according to the 'Renewable Capacity Statistics 2026' report by the International Renewable Energy Agency (IRENA). The report highlights that renewables accounted for 85.6% of net capacity expansion, confirming their dominance over non-renewable sources in new installations. Solar energy led the growth with 511 GW, followed by wind with 159 GW. IRENA Director-General Francesco La Camera noted that renewables provide energy resilience in uncertain times. The report also points to significant regional disparities, with Asia accounting for 74.2% of new capacity, while Central America and the Caribbean remain the regions with the lowest capacity.
Between January and March, electricity consumption in Portugal reached its highest level ever for a first quarter, recording a peak of 14.6 Terawatt-hours (TWh), according to a statement from REN – Redes Energéticas Nacionais. The figure was 3.8% higher (or 3.9% when adjusted for temperature effects and other factors).
Europe is under warning. Following the alert from the Shell CEO regarding fuel shortages in April, former minister António Costa Silva reinforces the gravity of the situation. How far does the shield of renewable energy in Portugal reach in the face of a crisis?
MEO Energia has launched a new dynamic electricity tariff aimed at the business sector, for connections to the Special Low Voltage (BTE) and Medium Voltage (MT) grid. By adapting their consumption profile to hours of higher renewable energy production, companies can benefit from significantly lower prices, with a direct impact on...
The Greenvolt Group, through Greenvolt Next, has completed a 35 million euro financing deal in partnership with Millennium BCP to accelerate the development of distributed renewable energy generation projects in Portugal. This pioneering operation combines the refinancing of an existing operational portfolio with additional funding to install new self-consumption units, all underpinned by long-term Power Purchase Agreements (PPAs). The portfolio includes over 120 self-consumption projects across the country with a capacity exceeding 30 MWp, serving a wide range of business clients. João Manso Neto, CEO of Greenvolt Group, stated that this operation strengthens the company's capacity to grow in distributed generation, while Miguel Maya, CEO of Millennium BCP, highlighted the bank's commitment to supporting the energy transition through innovative financing solutions.
The president of the Portuguese Environment Agency (APA), José Pimenta Machado, stated on Thursday, the 26th, that Portugal's commitment to renewable energy sources is helping to mitigate the impacts of the global energy crisis resulting from the conflict in the Middle East. Hostilities, which began in late February with joint US and Israeli attacks on Iran, have caused oil and gas prices to soar due to the near-total closure of the Strait of Hormuz and strikes on energy targets in the Persian Gulf. Machado, currently in Macau for the 2026 International Environmental Cooperation Forum and Exhibition, highlighted that while Portugal lacks oil and gas, it has an abundance of sun, wind, and water. According to the Portuguese Renewable Energy Association (APREN), Portugal leads the EU in renewables, with over 80% of electricity generated in the first two months of 2026 coming from clean sources, primarily hydro and wind. Machado noted that heavy rainfall has filled national reservoirs to capacity, further supporting this strategy of energy independence. The Portuguese government has recently approved structural measures to accelerate the transition and create mechanisms to intervene in energy prices during crises, particularly regarding natural gas, which has seen a significant price increase.
The president of the Portuguese Environment Agency (APA), José Pimenta Machado, indicated today that Portugal's commitment to renewable energy sources helps mitigate the impacts of the global energy crisis resulting from the conflict in the Middle East.
The president of the Portuguese Environment Agency (APA), José Pimenta Machado, explains that Portugal's commitment to renewable energy sources helps mitigate the impacts of the global energy crisis resulting from the conflict in the Middle East.
Hyperion Renewables, in partnership with Vestas and Windpark, has announced the start of construction on the Nortada wind farm in Central Alentejo, with operations expected to begin by mid-2027. The project, Hyperion Renewables' first wind farm in Portugal, will allow for the integration of wind production with the Cavaleira Solar Power Plant.
Renewable sources produced 79% of the electricity generated in mainland Portugal during January and February, according to the Portuguese Renewable Energy Association (Apren) on Wednesday, the 18th, positioning the country as the third in Europe with the highest renewable integration. In its February bulletin, Apren indicates that between February 1st and 28th, 77.3% of electricity produced came from renewable sources, corresponding to 4,000 GWh out of a total of 5,175 GWh. Only Norway (96.2%) and Denmark (90.7%) recorded higher percentages during the period. Hydroelectric power was the main generation source in February, accounting for 37.2% of the total, followed by wind energy at 31.3% and solar photovoltaic at 5.2%. Compared to February 2025, national electricity production grew by 20.1%, driven mainly by a 716 GWh increase in wind production. In the market, the average price of the Iberian Electricity Market (Mibel) stood at 5.1 euros/MWh in February and 42.4 euros/MWh for the January-February period, a 58.5% drop compared to the same period last year. Apren also highlights the economic impact associated with higher renewable penetration: in February alone, the country avoided estimated costs of 48.8 million euros in natural gas imports, 101 million in electricity imports, and 44 million in CO2 emission permit purchases. By the end of the first month of the year, renewables accounted for about 81% of the installed capacity in Portugal.
