Iberdrola secures environmental permit for 274MW project in Portugal [Yahoo! Finance]
IBERDROLA SA S/ADR (IBDRY)
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Source: Yahoo! Finance
The project, to be built in the districts of Vila Real and Braga, will be the country's largest hybrid clean energy scheme. It will share the grid connection with the Tâmega pumped storage hydro complex, optimising the capacity of the connection point. The company has received the second and final favourable environmental permit, known as the DCAPE, for the Tâmega Eólico project. This approval by APA, the Portuguese environment entity, allows for the construction of the project under the conditions of the favourable environmental impact statement obtained in March 2023. Iberdrola's next move is to apply for a production licence to the Portuguese Directorate General of Energy and Geology, to commence work in early 2025. Hybrid generation plants such as this one benefit from shared infrastructure, including substations, and have a reduced environmental impact. An extension to the existing substation will be constructed to accommodate the new wind farm. The location, already
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