27 Jul '12, 2pm

Portugal Utility Plans To Export Solar Energy to Germany

Portugal Utility Plans To Export Solar Energy to Germany

Rui Horta e Costa, the founder of solar company Luz.On and past chief financial officer of Portugal’s largest utility, is seeking to develop parks delivering power to northern European countries that still pay preferential tariffs for renewables. “What I’m interested in is not in supplying renewable energy to Portugal,” Horta e Costa said in a phone interview. Northern nations such as Germany “are still incentivizing the use of renewable energy with significant tariffs,” he said. Portugal, which with Spain has the most sunshine in Europe, halted licensing of new renewable developments in January after pressure from Europe amid the euro-region crisis. Germany still offers feed-in tariffs and the 2009 European Union Renewables Directive allows countries to count imports in its targets for boosting clean energy use, Horta e Costa said. “Europe is very dependent on oil, which ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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