From ESS News
Portugal seeks to enhance the flexibleness and steadiness of its electrical energy system with vitality storage because it continues to interrupt information for photo voltaic vitality manufacturing. To this finish, the nation’s Ministry of Energy introduced on Wednesday that it has allotted €99.75 million ($107.6 million) in a bid to help 500 MW of vitality storage initiatives.
Eligible initiatives will obtain as much as €30 million and could be developed on the transmission and distribution ranges by the top of 2025. Funding is allotted via the Environmental Fund and included within the nation’s Recovery and Resilience Plan (RRP).
The tender was launched “in response to the rising have to optimize and handle the electrical energy grid in a versatile approach, particularly in gentle of the present geopolitical state of affairs and its results on the vitality market,” the Ministry stated in an announcement.
Applications could be submitted via the Environmental Fund portal till September 2.
The Minister of Environment and Energy, Maria da Graça Carvalho, described the scheme as “a singular alternative for firms and establishments that wish to contribute to a extra sustainable and impartial vitality future in Portugal, and thus be a part of the answer to in the present day’s vitality challenges.”
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