Edisun Power Europe AG / Key word(s): Miscellaneous
Ad hoc press release
First Portuguese large-scale plant starts commercial operation
The Group has achieved a major milestone with the connection to the grid and is therefore on track with its growth strategy announced in 2019.
The new large-scale plant Mogadouro lies in the northeast of Portugal near the Douro River on a site measuring a good 65 hectares and will produce around 80 million kilowatt hours of electrical energy per year, which is enough to cover the annual electricity requirements of a town of approximately 20'000 inhabitants.
Successful implementation of a challenging project
Following delays due to protracted funding negotiations and agreements with around 100 landowners, construction of the plant was completed this year despite challenging conditions posed by the Portuguese COVID-19 regime.
You can gain an impression of the scale of the plant here:
- Time-lapse movie on construction: https://youtu.be/VFRF4M5ziXI
Mogadouro is the first so-called merchant plant of Edisun Power, which means that it was created without any government subsidies or warranties and the electricity produced is sold on the market. A purchase power agreement (PPA) with fixed-price purchase commitments has been agreed with a Portuguese electricity trader to guarantee income in the first years.
Edisun Power sees major potential for photovoltaic systems on the Iberian Peninsula and is pressing ahead at full speed with the development of the other four Portuguese projects with a total capacity of 150 MW.
Edisun Power Group
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Edisun Power Europe AG
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