Latest news and stories about solar energy in finance in Portugal for expats and residents.
The developer Lightsource BP has reformulated the Sophia solar power plant project in the Castelo Branco district, reducing its planned area and capacity by over 30%. The company also confirmed it is abandoning the separate Beira photovoltaic project due to financial viability concerns following required environmental adjustments. These changes follow extensive public consultation and feedback from local authorities.
Welink Energy Portugal 2 UK, the company managing the Solara4 solar plant in Alcoutim, has entered insolvency proceedings. The facility, which is the largest solar power plant in Portugal, has faced persistent operational setbacks since its inauguration in 2021.
A major Portuguese solar energy firm has filed for bankruptcy, raising concerns about the sustainability of large-scale renewable investments and market stability.
An analytical look at how new cloud computing infrastructure is aligning with a nation's strategic push toward solar energy and foreign investment.
The Beira solar plant, a project promoted by Lightsource bp, does not have the financial viability to proceed, the company admitted. The environmental assessment process to which the Beira project was subjected identified “several changes” to be considered in a potential reformulation. Given the implications of these changes on the project's configuration, “the conditions were not met...”
Welink, owner of the largest solar power plant in the country, faces restructuring and longs for the green light for a wind farm
The company responsible for the largest solar energy facility in Portugal has filed for bankruptcy.
Falling electricity prices in the market and production levels below expectations have led the company Welink Energy Portugal 2 UK to insolvency. Creditors aim to recover the asset's performance and are seeking a buyer.
The company responsible for the largest solar energy facility in Portugal has declared bankruptcy.
Yet another major solar undertaking in the Alentejo has been trailed by Negocios online, which informs that Chinese company Chint Solar “wants to develop a complex in Alentejo with more The post Chinese company plans to install 2.1 million solar panels in Alentejo appeared first on Portugal Resident.
Finerge has obtained financing to develop four new hybrid solar energy projects across Portugal.
GreenYellow will lead the expansion of MD Group's photovoltaic plants in Leiria and Valado dos Frades, in an on-site solar project under a PPA for self-consumption, reinforcing their joint commitment to decarbonisation and energy cost reduction. In Leiria, the intervention increased the installed capacity to 950 kWp, adding 399 kWp to a pre-existing 551 kWp unit. In Nazaré (Valado dos Frades), the MD Plastics plant now has 831 kWp. Together, the two facilities are expected to produce approximately 1,593 MWh per year—enough energy to supply more than 455 households—and avoid the emission of over 170 tonnes of CO₂ annually. For MD Group, the initiative reduces dependence on fossil fuels and exposure to energy price volatility, aligning the value chain with growing environmental requirements. Bruno Campos, Quality Director at MD Group, considered the partnership “fundamental to our sustainability and competitiveness strategy.” Luís Almeida, General Manager of GreenYellow Portugal, stated that the project illustrates “how solid partnerships and adapted solutions enable an accessible and efficient energy transition.” French company GreenYellow enters the Portuguese solar energy market.
FVC Group, Insun and Lightsource bp have filed an administrative complaint, claiming that the ICNF ignored mitigation measures four times greater than the impacted olive grove area.
According to Solar Power Europe, for Portugal to reach its goal of nearly 21 GW of solar by 2030, it must install at least 3.5 GW per year (290 MW per month).
