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Spanish utility Iberdrola is entering the solar energy market in Portugal after winning a contract for 149MW of capacity.
It is divided between two regions – the Algarve and the Tajo Valley – and was awarded under a public auction by the Ministry of the Environment and Energy Transition.
Iberdrola currently leads the Portuguese electricity sector in large consumers. with an almost 33% market share and a portfolio consisting of 300.000 gas and electricity customers.
Chairman Ignacio Galán said: “These new projects are an example of Iberdrola’s commitment to renewable energy sources as a way of contributing to the transition toward a decarbonised Europe“.
Iberdrola is currently building the Támega hydropower complex. which consists of three new plants with a capacity of 1.158MW in total. in Portugal.
The project is expected to be commissioned between 2021 and 2023 and will increase its installed power capacity by 6%.
