Akuo, an independent global renewable energy power producer and developer, is commencing the construction of SANTAS solar project, comprising 180 MW of installed capacity. With the financing documentation executed, this solar plant is billed to be one of the largest solar power plants in Portugal.
The SANTAS solar plant will contain 336,448 photovoltaic modules to reduce carbon emissions by 70,000 metric tons of CO2 annually. This green initiative will provide clean and sustainable power to over 100,000 households, contributing to the region’s energy needs.
The positive impact of the Santas solar plant will also transform Montforte, with over 3,000 inhabitants, and Borba, with over 7,000 inhabitants, into progressive energy municipalities. This endeavor will reshape the way these communities consume and produce energy.
Anticipated to be commissioned by the first quarter of 2024, the SANTAS solar project will inject its output into the national grid, further diversifying Portugal’s renewable energy portfolio. The remarkable progress of the construction works owes also includes the expertise of Gensun, Siemens Energy, and Painhas, the EPC partners for the project.
Akuo is committed to making a lasting impact by securing long-term project leases and empowering all stakeholders in the territories it operates. Apart from the solar project, the Akuo Foundation has also taken proactive steps to support Montforte citizens through a specialized mental disease program tailored to meet the unique needs of the community. The balance portfolio, totaling more than 500 MW, is scheduled to begin construction later in 2023.
The recent revision of Portugal’s energy and climate plan for 2030 has set higher ambitions for green capacity. With a 50% increase, the target is currently 42.8 GW. By 2030, renewables are expected to cover 85% of power generation in Portugal, with photovoltaic projects accounting for a significant 20.4 GW. Currently, Portugal has 2 GW of solar capacity.
Eric Scotto, President and co-founder of Akuo, commented,“When we won the auction back in 2019, the entire sector was struck by our audacity. Thanks to an amazing teamwork with our partners, we can now build this project at the service of Portuguese citizens: a reliable, green and cheap source of energy that will contribute not only to Portugal energy’s objectives but also its energy independence. One must acknowledge the Portuguese government has always been bold and supportive and we can only but thank them for their vision and trust.”
