Wind Power News: Portugal
These news and opinion items are gathered by National Wind Watch to help keep readers informed about developments related to industrial wind energy. They are the products of the organizations or individuals noted and do not necessarily reflect the opinions of National Wind Watch.
EDP Renováveis sees 68% profit fall
Portugal’s EDP Renováveis (EDPR) recorded a net profit fall of 68% for the first nine months of 2010, partly due to costs relating to newly commissioned capacity. In a statement to market regulator CMVM on November 3, EDPR said gross operating profit was up 28% to €473.1 million, the respective margin reached 71%, operative costs increased 49% to €189 million, while capex dropped 25% to €1.120 million. Over the past 12 months, EDPR installed 1.3GW of capacity (+27%) and aims . . .
Portugal set to cut feed-in tariffs
The Portuguese government has announced that it will review the existing feed-in tariff mechanism following calls that the subsidies are excessive and contribute to the increase of electricity prices to final consumers. The tariff review is anticipated in Portugal’s National Energy Strategy 2020, published in June. It will consider the contribution of new technologies in the production of renewable energy, as well as the costs associated with their development. The support mechanism is voluntary and is managed by the Directorate . . .
