Iberia's blackout in April showed that European grids must modernise to cope with more renewable power generation, and Portugal wants the EU to help finance these investments, its energy minister told ...

Portugal's largest utility company, EDP , cut its three-year investment plan on Friday, citing worsening market conditions, but maintained its guidance for more than 35% growth in net profit this ...

Portugal plans investments of €8.1bn ($10.8bn) in renewable energy projects over the next five years, according to government officials.

While the government estimates that the total investment in revamping Portugal’s energy structure will be about 16.3 billion euros, or $22 billion, that cost is borne by the private companies ...

Upgrading the grid is estimated to require a $654 billion investment, with another 700 to 800 gigawatts (GW) of renewable energy added to the grid by the end of this decade. Spain and Portugal are ...

The country produced renewable power equal to 103.6 percent of mainland Portugal's electrical demand — a feat "unmatched in the last 40 years," the Portuguese Renewable Energy Association says.

Portugal has also promised an annual payment of €12.74 million for 10 years as an investment incentive. Constructing the Tâmega facility was a long and difficult process involving far more than ...

LISBON (Reuters) – Portugal wants the European Union to create a mechanism similar to its pandemic recovery programme to channel investment into defence, security, green energy and digital ...

Aerial view of Silves in Southern Portugal - one of the many towns which ran on sustainable energy for 6 days (Getty/iStock) When it comes to energy, all eyes are focused on one place: Dubai, in ...

Portugal's Galp Energia earmarked between 1 billion euros ($1.11 billion) and 1.2 billion euros in annual investment until 2022 in an increase from up to 1 billion under a previous plan, seeking ...

The country produced renewable power equal to 103.6 percent of mainland Portugal's electrical demand -- a feat "unmatched in the last 40 years," the Portuguese Renewable Energy Association says.