Portugal Allocates €400 Million to Prevent Future Blackouts - Key Measures Unveiled
Euronews2 months ago
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Portugal Allocates €400 Million to Prevent Future Blackouts - Key Measures Unveiled

Economy
energy
blackout
renewable
investment
portugal
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Summary:

  • €400 million investment to prevent future blackouts in Portugal

  • Battery storage auction for 750 MVA power by 2026

  • €25 million in EU funds for critical infrastructure pilot projects

  • Minimal taxpayer impact: one cent per €25 electricity bill

  • "Green map" for renewable energy zones by end of 2025

The Portuguese government has announced a €400 million investment to prevent future blackouts, following the massive power outage that affected Portugal, Spain, and parts of France three months ago. The plan includes 31 measures aimed at strengthening the national electricity system's security.

Key highlights of the plan include:

  • A battery storage auction for at least 750 MVA of power by 2026.
  • €25 million in European funds for pilot projects in critical infrastructures, such as photovoltaic panels in hospitals.
  • An accelerated €137 million investment to enhance the operation and control of the electrical grid.

Environment and Energy Minister Maria da Graça Carvalho emphasized that the financial impact on taxpayers would be minimal, estimating an increase of just one cent per €25 electricity bill (0.04%).

The plan also introduces a "green map" for preferred renewable energy production zones, expected by year-end, and explores a potential energy link project with Morocco.

A monitoring group, established after the April blackout, will release a report by late October with recommendations for improving the national grid. Additionally, European and independent regulatory reports are anticipated to provide further insights into the causes of the outage.

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