Portugal's new govt committed to developing offshore wind, minister says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2024
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Should l Buy ?
Source: reuters
- Portugal's Offshore Wind Energy Development:
- The new Portuguese government is focusing on developing offshore wind energy, repowering onshore wind farms, and promoting solar projects.
- Details of the offshore wind energy policy will be announced in July, including guidelines for a planned key licensing action.
- The previous administration had set a capacity of 2 gigawatts for the country's first offshore wind auction.
- Various utilities, such as EDP, Engie, BayWa, IberBlue Wind, Copenhagen Infrastructure Partners, Galp, and TotalEnergies, have shown interest in the upcoming auction.
- Floating wind farms are expected to be installed in deep waters to harness stronger and more continuous winds for increased power generation.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
