Renewable energy projects in Portugal total 3.6 billion euros

20 January 2006

Lisbon, Portugal, 20 Jan – The Portuguese government has launched an international tender to grant licenses for energy generation using biomass, bio-fuel and biogas, which together with tender that were previously launched represent a total investment of 3.6 billion euros.

The tender for biomass generators, presented Thursday in Lisbon, includes granting licenses for 100 megawatt production, the second largest capacity offered after wind power.

For bio-fuel production, licenses will be granted for producing 300 million liters per year, while production capacity for biogas will be 25 megawatts, officials said.

Overall Portugal’s electricity production capacity is expected to be increased by some 2,000 megawatts per year, with the largest proportion accounted for by wind power, 1,800 megawatts.

The new projects are expected to create 2,630 jobs, both directly and indirectly through the development of clusters for manufacturing equipment related to the renewable energy power plants.

Speaking to Portuguese financial daily Jornal de Negócios, the Secretary of State for Industry and Innovation, Castro Guerra, said that, “renewable energy are the way for Portugal to reduce its energy dependency, increase supply security and diversify the production mix.” (macauhub)