7.2MW subsidy-free Vale Matanças solar farm in Portugal starts generating power for the grid

Our New Energy has advised the investment fund Foresight Group on the execution of the ten-year power purchase agreement (PPAs) to allow the operation of Vale Matanças 7.2 MW solar farm in the high irradiation area of Alcácer do Sal, Portugal, without government subsidy. Through the PPA concluded with a Spanish utility company, the solar farm will deliver 12GWh of clean electricity annually and will secure income purely from the sale of the power generated.

Another 10-year PPA in the Iberian Peninsular reflects a bright future for the unsubsidised renewable market in the region.

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