16 May Gesto, the leading company in the development of the Portuguese Solar Market
Given the decrease in the solar technology costs and the excellent solar resource, Portugal solar market is facing a strong development with more than 500 MW of solar projects under licensing.
Gesto CEO, Miguel Barreto, believes that given the current regional context, considering the interconnections with Spain, Portugal has potential to install more 1.000 MW of solar capacity. Also, given the Portuguese electric system characteristics, with energy storage capacity given from the pumped-storage power plants, Portugal has the right conditions to boost the develop of solar energy.
Currently, Gesto is the leading company in solar development in Portugal, supporting several private companies in the development of solar projects around the country.