Wind investment boosts Portugal's renewables edge

Large-scale wind farms are set to receive planning permission in Portugal by the end of the year, boosting the country's portfolio of renewables while further reducing dependency on oil.

Despite recent investment in renewables, (see related story) Portugal's energy economy still leans heavily towards oil, with last year accounted for 58% of its total energy production.

In June Lisbon announced it would be ploughing €2.5 billion into the development of renewables over the next four years.

According to Economy Minister Manuel Pinho the planned wind farms will generate 1,700 megawatts and cost €900 million, most of which is expected to come from the private sector.

The scheme has the full support of Prime Minister Jose Socrates, himself a former Environment Minister, who has called renewable energy "the area of utmost importance for our future".

By Sam Bond


| wind energy | renewables


Waste & resource management

Click a keyword to see more stories on that topic, view related news, or find more related items.


You need to be logged in to make a comment. Don't have an account? Set one up right now in seconds!

© Faversham House Ltd 2005. edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.