Iberdrola has been given complete environmental certification by the government to proceed with the construction of a 274 megawatt (MW) wind farm in the Vila Real and Braga districts. The wind farm will generate sufficient electricity to power 128,000 dwellings. The next stage, according to the company, is to apply to the General Directorate of Energy and Geology (DGEG) for a production licence.
As stated by the company, “Iberdrola obtained final environmental approval from the Portuguese Government for the construction of the largest wind farm in the country. The company thus takes another step in its expansion across the country, driving the transition to an economic model based on decarbonisation through renewable energy and independence from fossil fuels”.
The Alto Tâmega Hydroelectric Plant, the Gouvães Pumped Storage Plant, and the Daivões Plant comprise the Tâmega Electric Production System (SET), which has a total investment of more than 1,500 million euros. The project was designed to take advantage of the injection point into the electricity grid already built in SET.
As the company explained, “The incorporation of wind energy into the Tâmega electrical production system increases its contribution of clean, accessible and competitive energy to the electrical system, guaranteeing the supply of the maximum amount of green energy originally authorized for each project, for as long as possible”.
The company, which made a profit of 2,760 million euros in the first quarter of this year, which is 86 percent more than in the same period, last year, aims to start construction in 2025.
Let's kill birds and ruin the landscape at the same time. Disgustingly ugly spectacle.
By Tony from USA on 21 Jun 2024, 23:58
I disagree with Tony who would probably prefer a fossil fuel power station pumping out gasses.
It's just a shame that it has to be a Spanish company that will be doing the work. With all the wind power already in place you think that the Portuguese government/companies get their act together and do the work themselves.
By David Peter Clark from Algarve on 22 Jun 2024, 18:31
Which ever way you look at it, it’s of no benefit to the people. The companies make a tremendous amount of profit, none of which is handed down to the people.
Ruination of beautiful land and views, detrimental to wildlife, do tell me what is so good and green about all this…..nothing!!.
By JG from Algarve on 23 Jun 2024, 06:07
Actually all of the profit from Iberdrola goes to "the people". Dogs, ferrets, newts and aliens cannot own shares, only people; and they own all of the profits. You could be one of them - its easy to buy Iberdrola shares - they even have an ADR listing on the NYSE in USA. If you believe they are going to make excessive profits you should do that, just $100 worth. The fund that will pay your old-age pension probably has some shares, as does mine. They have a good ethical reputation, and are world leaders in wind energy. I probably own a few of their shares myself via a Green Energy ETF. I'm not a total fanboy though, like everyone else in the power retail business they can play a bit rough with customers. There was a scandal about price fixing in Spain a few years ago but nobody was nailed for it by the court. Still, we all need energy so we need energy companies, and in an energy sector beauty contest I think Iberdrola would be somewhere on the podium. I mean, look at the competition .......
By Alan Weatherill from UK on 24 Jun 2024, 10:43