Edition 1509
12 January 2019
Edition: 1509

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Solar farm valued at €20m first without government subsidies

in Business · 31-05-2018 14:02:00 · 0 Comments

Buiding began on a€20 million solar farm without any government subsidies and a long-term energy purchase agreement in Evora on Monday.

The Vale de Moura solar farm will cover an area of 55 hectares, a few kilometres from the town. It is being built by Hyperion Renewables, which has established a ‘Power Purchase Agreement’ with Swiss energy company Axpo.
The project is expected to have a total capacity of 28.8 megawatts (MW) and an annual output of more than 52 gigawatt hours a year, which is equivalent to the power consumed by almost 10,000 homes.
The developers said it was the first solar farm in the entire Iberian Peninsula not to receive any government subsidies.
TPN/Lusa

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Edition 1509
12 January 2019
Edition: 1509

Read this week's issue online exactly as it appears in print.

Twitter

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