Given the good solar resource, technology cost reduction and EU’s renewable energy targets, Portugal solar market faced a development boom in recent years. At the end of 2018, the Portuguese Government released a new energy strategy that aims to produce 80% of renewably-sourced electricity by 2030. To achieve this, in February 2019 the Government approved a major programme through to 2027 worth 535 million euros to strengthen the grid so that it can integrate large volumes of renewable energy. The plan includes the construction of two major transmission lines to transfer the power generated by future solar farms in the south of the country to consumption areas further north.
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Being one of the largest solar developer in Portugal, Gesto has been developing some of the largest solar projects in Portugal, supporting our partners and contributing actively for the decarbonization of the economy, energy independence and creating local wealth.