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.


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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

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