The European Commission has approved a EUR 350 million grant to support Portugal’s development of renewable energy sources. This funding targets companies that manufacture solar panels, wind turbines, heat pumps, and other critical equipment for clean energy production. The grant aims to accelerate Portugal’s progress towards its goal of achieving 85% renewable electricity by the end of the decade. Portugal has shown progress in clean energy, achieving a weekend powered by renewables in November 2023 and commissioning its second solar-wind hybrid project.
EU boosts Portugal’s green push with EUR 350 million grant
European Commission has approved EUR 350 million funding to support Portugal’s renewable energy sector. (Image Credit: Pixabay)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)
China Energy Engineering Corporation taps Huasun’s high-efficiency HJT solar modules for its 2024 projects. (Image Source: Huasun)
Saatvik Solar will supply GH2 Solar with bifacial PV modules over a 12-month period beginning January 2025. (Image Source: Saatvik Solar)