Renewable electricity supplies 54 percent of consumption

By TPN/Lusa, in Business · 06-09-2018 10:07:00 · 0 Comments
Renewable electricity supplies 54 percent of consumption

Renewable electricity supplied 54 percent of Portugal’s electricity consumption in the first eight months of the year and 38 percent in August, the country’s National Energy Networks (REN) revealed this week.

According to figures from REN, hydroelectric energy supplied 25 percent of consumption, wind power supplied 23 percent, biomass 5 percent and photovoltaic 1.6 percent between January and August.
Non-renewable electricity supplied roughly 46 percent of consumption, with natural gas responsible for almost 26 percent and coal 19 percent.
Portugal’s renewable electricity production exceeded monthly production in March, according to REN.

Meanwhile, in related news, EDP Renováveis (EDPR), the renewable energy subsidiary of Energias de Portugal (EDP), has secured an additional Energy Acquisition Contract (CAE) for the sale of energy produced by its Broadlands Wind project in the US state of Illinois.
In a note published via the US stock market authority, the Securities and Exchange Commission (SEC), the long-term CAE – for 50MW – was guaranteed by an energy sector company. The start of operations at the Broadlands Wind project is planned for 2019.
With this agreement EDPR, which is 82.6 percent owned by EDP, “increases the park’s contracted capacity from 150 MW, as announced on May 10, to 200MW”, the note states.
Following these agreements, EDPR has now secured more than 2.2GW of CAEs in the US, exceeding its goal of 1.8GW of long-term wind-power contracts for projects to be installed in the country in the period 2016 to 2020, the document adds.
Since the start of the year, EDPR has secured more than 1.2GW of new CAEs in the US.



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