The residential and tourist resort of Vilamoura, in the Algarve, has decided to create a Renewable Energy Community (REC) with 60,000 m2 of photovoltaic panels by 2035, which will provide electricity to 15,000 families, becoming a pioneer in the application of recent legislation.
"The aim is to be
At a time when the energy crisis is looming over Europe, Portugal, France and Spain have made history. The three European countries have agreed on what is known as a green energy corridor, which will supply the European space with natural gas and also green hydrogen.
Portugal is bracing for energy cuts and will follow the example of other European countries, such as Spain, limiting the levels of energy consumption in public buildings, private companies, commerce, services, industry and also in family homes.
The "appetite" for acquiring land and development assets in Portugal is growing and approaching pre-Covid levels, including both national and international players, projects in various segments and with various scales, "based on a high demand from end users".