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The Project is a single-asset solar photovoltaic (PV) development located in Southern Portugal, targeting a cumulative installed capacity of 500 MWp and a weighted average specific yield of approximately 1,704 kWh/kWp.
The project combines a substantial land position, an executed Grid Contract Agreement (GCA) with REN, and flexibility in future electricity sales, with co-located battery energy storage potential.
Key Investment Highlights
Grid Connection Secured
The Grid Contract Agreement was executed with REN in October 2023. The perpetual grid connection is expandable up to 420 MWn.
Strategic Land Position
More than 830 hectares of buildable land have been secured on plots directly adjacent to the Divor substation, supporting minimal interconnection costs.
Flexible Power Sales Strategy
The subsidy-free project allows for a merchant, Power Purchase Agreement (PPA), or hybrid revenue approach as it approaches commercial operation.
Battery Storage Potential
Co-located battery storage is contractually obligated. A sizing and viability analysis for the inclusion of up to 200 MW of battery energy storage system (BESS) provision was underway according to the source document.
Development Timeline
October 2023 — Grid Agreement Executed
Grid Contract Agreement executed with REN.
Q1 2026 — Environmental Licence (DIA)
Approval was projected for this period in the original source document. Current status requires confirmation.
2027 — Ready-to-Build Target
Target development milestone as stated in the original source document.
The Project is a single-asset solar photovoltaic (PV) development located in Southern Portugal, targeting a cumulative installed capacity of 500 MWp and a weighted average specific yield of approximately 1,704 kWh/kWp.
The project combines a substantial land position, an executed Grid Contract Agreement (GCA) with REN, and flexibility in future electricity sales, with co-located battery energy storage potential.
Key Investment Highlights
Grid Connection Secured
The Grid Contract Agreement was executed with REN in October 2023. The perpetual grid connection is expandable up to 420 MWn.
Strategic Land Position
More than 830 hectares of buildable land have been secured on plots directly adjacent to the Divor substation, supporting minimal interconnection costs.
Flexible Power Sales Strategy
The subsidy-free project allows for a merchant, Power Purchase Agreement (PPA), or hybrid revenue approach as it approaches commercial operation.
Battery Storage Potential
Co-located battery storage is contractually obligated. A sizing and viability analysis for the inclusion of up to 200 MW of battery energy storage system (BESS) provision was underway according to the source document.
Development Timeline
October 2023 — Grid Agreement Executed
Grid Contract Agreement executed with REN.
Q1 2026 — Environmental Licence (DIA)
Approval was projected for this period in the original source document. Current status requires confirmation.
2027 — Ready-to-Build Target
Target development milestone as stated in the original source document.
Description
The Project is a single-asset solar photovoltaic (PV) development located in Southern Portugal, targeting a cumulative installed capacity of 500 MWp and a weighted average specific yield of approximately 1,704 kWh/kWp.
The project combines a substantial land position, an executed Grid Contract Agreement (GCA) with REN, and flexibility in future electricity sales, with co-located battery energy storage potential.
Key Investment Highlights
Grid Connection Secured
The Grid Contract Agreement was executed with REN in October 2023. The perpetual grid connection is expandable up to 420 MWn.
Strategic Land Position
More than 830 hectares of buildable land have been secured on plots directly adjacent to the Divor substation, supporting minimal interconnection costs.
The subsidy-free project allows for a merchant, Power Purchase Agreement (PPA), or hybrid revenue approach as it approaches commercial operation.
Battery Storage Potential
Co-located battery storage is contractually obligated. A sizing and viability analysis for the inclusion of up to 200 MW of battery energy storage system (BESS) provision was underway according to the source document.
Development Timeline
October 2023 — Grid Agreement Executed
Grid Contract Agreement executed with REN.
Q1 2026 — Environmental Licence (DIA)
Approval was projected for this period in the original source document. Current status requires confirmation.
2027 — Ready-to-Build Target
Target development milestone as stated in the original source document.
Basic Details
Target Price:
$ 0
Gross Revenue
TBD
EBITDA
TBD
Business ID:
L#20261192
Country
Portugal
Detail
Published on October 16, 2026 at 12:13 pm. Updated on October 16, 2026 at 12:13 pm