BP Invests €365 Million in Massive Portuguese Solar Project

BP's subsidiary, Lightsource bp, seeks to build a substantial €365 million solar power plant in Portugal's Alqueva region. Currently in the public consultation phase, the project awaits a critical Environmental Impact Assessment (EIA) from the Portuguese Environment Agency (APA), with a decision expected by June 7th.

Project Details

If approved, the plant would occupy 570 hectares, with 199 hectares dedicated to solar arrays. It aims to produce an average of 680 GWh annually over 35 years. The project includes plans for a battery park to optimize energy use by storing electricity generated during low-demand periods and supplying it to the grid during peak hours. If successful, the estimated output would represent 1.4% of Portugal's current electricity consumption. Construction would involve nearly 630,000 solar panels and could take three years to complete.

Expanding Renewable Portfolio

Lightsource bp is actively developing other solar projects throughout Portugal, but the Alqueva plant would be their largest to date if it moves forward. Its strategic location near the Alqueva hydroelectric plant underscores the company's commitment to renewable energy sources and aligns with Portugal's push towards a cleaner energy mix.