The Portuguese strategy combines the optimisation of grid connection and hybridisation of renewable technologies to promote the acceleration of the energy transition.
The grid connection capacity is expected to allow EDPR to install up to 154 MW of renewable capacity including 70 MW of floating solar PV under the CfD, plus 14 MW of solar overcapacity and 70 MW of hybrid wind capacity, both excluded from the CfD. The project is estimated to be operational in 2025.
This project is a clear example of value creation through hybridisation of renewable technologies and optimisation of grid connection.
EDPR's success reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility, fostering the acceleration of the energy transition and the decarbonisation of the economy.
“We are satisfied with the results of the recent solar floating auction in Portugal, having achieved the highest capacity assigned with a 70 MW lot in Alqueva, a very well-known region by the EDP Group” an EDPR spokesperson said. “This region represents a great opportunity for our company to continue accelerating the energy transition through the hybridisation of renewable technologies, a strategy that ensures a balance in the energy prices. Also, we already have several initiatives under development and construction in the area.
Our plan in Alqueva is to maximise the efficiency of the project by over-equipping the 70 MW of solar PV achieved with other 14 MW of solar overcapacity, in addition to installing a wind hybrid project up to 70 MW. Thus totalling 154 MW of renewable capacity in a complete hybrid farm. This project will be able to produce 300GWh annually, generating enough energy to supply 92,000 homes and avoiding emissions of more than 133,000 tons of CO2.
Furthermore, it offers us the opportunity to obtain not only a floating PV project in isolation, but also grid connection capacity. The hybridisation component and the scale of this project ensure its economic viability and open great business and generation opportunities for our company.
EDP currently has under development more than 1300 MW of hybrid projects in Portugal and Spain, between solar, wind and hydro, planning to invest close to 400 million euros with the implementation of these projects.
Hybridisation is nowadays considered the logical growth path in the electricity generation industry since it increases project efficiency, allows the sharing of electric infrastructures, promotes cost stability, and reduces -even more- the landscape and environmental impact of renewables. It is also important to consider that Portugal and Spain have taken the lead in creating a favourable regulatory context for the development of hybrid projects.”
For additional information:
