How much will Portugal spend on energy storage projects in 2025?

Portugal’s Ministry of Energy has announced that it has allocated EUR 100 million ($104.2 million) to 43 energy storage projects which should be installed by the end of 2025. A total of 79 applications were vying for grant support secured under the country’s Recovery and Resilience Plan (RRP).

What does Portugal's energy storage tender mean for the energy transition?

Portugal’s government has announced the outcome of an energy storage tender that will see the installation of 500 MW of energy storage capacity to support the country’s energy transition. Energy storage battery. Photo by Anna Vasileva

Is Europe ready for energy storage?

Europe is expected to deploy over 90 GWh of utility-scale battery energy storage projects by 2030, and we are well positioned to support this demand along with the wider EMEA region’s rapid energy storage growth,” said Powin CEO, Jeff Waters.

What is Ireland's largest solar project?

The largest individual grant, however, will be 16.4 million euros for the country’s largest solar plant, Solara4 Phase4, by the Irish company Welink, located in Alcoutim, in the district of Faro. This is followed by Revendosol with 14.7 million euros and Amargilha with 6.3 million euros.

Which energy projects have received the largest awards?

The recipients of the largest awards are Solara4 Phase4 SA and Revendosol Unipessoal Lda, which will receive EUR 16.45 million and EUR 14.75 million, respectively. The list also includes projects of Spanish utility Iberdrola and of Portuguese energy group Galp. (EUR 1 = USD 1.044)