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.
Muki, a part of Gesto
Grounded in our Vision and built in our experience of more than 50 GW of renewable energy projects developed worldwide, in 2015 Gesto group started the development of solar projects in Portugal, through Muki. Being one of the first companies that started developing solar merchant projects, Muki is currently one of the largest solar developers in Portugal.