Q Energy plans to invest €1.5 billion in solar energy

  • ECO News
  • 16 December 2022

Q Energy wants to build two gigawatts of solar energy in the country. Alentejo will have mega solar plants with between 150 and 200 megawatts.

South Korean company Q Energy has plans to install 14 solar power plants in Portugal, with two gigawatts of power, in a total investment that is expected to reach €1.5 billion, according to the newspaper Jornal Económico. The company was the big winner of the 2020 solar energy auction, winning 315 megawatts of the total 670 megawatts at stake.

Two of the projects are already in the public consultation – the Pegões plant, with 207 megawatts and a total planned investment of €146 million, and the Ourique plant, with 171 megawatts and an investment of €118 million. Two others are heading towards environmental licensing: the Divor plant (Évora) with 170 megawatts and the Ferreira do Alentejo plant with 187 megawatts.

A fifth project is also in the pipeline in Nisa, which will soon be submitted for environmental assessment. Just like the other plants in this batch, this one will also have a capacity between 150-200 megawatts, one more solar mega-central in the country. But Q Energy is looking for more opportunities to invest in the country, including green hydrogen, offshore wind energy and more renewable energy projects.