According to EnergyNews, Eurowind Energy, a major player in the development of renewable energy projects in Europe, recently signed an agreement to acquire 11 photovoltaic (PV) projects located in the Aveiro district of Portugal.
Each project has a capacity of 5 MW AC, and most of them are grouped into 15 MW clusters.
These projects are at an advanced stage of development, and should reach the “ready-to-build” stage between the third quarter of 2024 and the second quarter of 2025.
The contract signed between Eurowind Energy and developer Insun stipulates that the acquisition will only be finalized for projects reaching this stage.
This condition enables the company to limit its financial commitments to only those projects ready to start construction, guaranteeing an efficient allocation of its resources.
If all the projects materialize, they would add up to 55 MW of photovoltaic capacity, supplying around 36,100 homes with electricity and reducing CO2 emissions by over 30,800 tonnes a year.
Each project has a capacity of 5 MW AC, and most of them are grouped into 15 MW clusters.
These projects are at an advanced stage of development, and should reach the “ready-to-build” stage between the third quarter of 2024 and the second quarter of 2025.
The contract signed between Eurowind Energy and developer Insun stipulates that the acquisition will only be finalized for projects reaching this stage.
This condition enables the company to limit its financial commitments to only those projects ready to start construction, guaranteeing an efficient allocation of its resources.
If all the projects materialize, they would add up to 55 MW of photovoltaic capacity, supplying around 36,100 homes with electricity and reducing CO2 emissions by over 30,800 tonnes a year.
