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Iberdrola opens one of the largest energy storage systems in Europe in Portugal

Date: October 2, 2022 Time: 19:35:20

Iberdrola has launched one of its flagship projects in Portugal: a gigabattery hydroelectric plant with three dams and three power plants with a capacity of nearly 1,160 megawatts (MW). This Monday, the company opened a project located in the city of Tamega, in which 1,500 million euros were invested and the construction of which lasted eight years.

The hydropower mega complex is located east of Porto and was inaugurated by Portuguese Prime Minister António Costa and Iberdrola President Ignacio Sánchez Galán. The Tâmega gigabattery is considered to be the largest clean energy project developed in Portugal. It consists of three reservoirs with reversible pumping capacity and three stations (Alto-Tamega, Daivoesh and Guvaens), which means a 6% increase in the neighboring country’s installed capacity.

In particular, the Tâmega electrical power system is capable of storing 40 million kWh, which is equivalent to the energy consumed by 11 million people in their homes for 24 hours, making it one of the largest energy storage systems in Europe.

This reversible pumping capacity means it can store energy for use during periods of peak demand, for example, and, Iberdrola explained, would mean importing more than 160,000 tons of oil a year could be avoided.

Dialogue with the Government of Portugal

During the inauguration, the chairman of Iberdrola noted that the development of the Tâmega project was made possible thanks to the legal stability and good dialogue achieved by the Portuguese government in recent years. In addition, he pointed out that this infrastructure shows that the two great goals of Europe’s energy policy, energy independence and decarbonization, are fully compatible as long as work is carried out to electrify the economic and production system.

Ignacio Sanchez Galán also announced that the company will be able to double its investments in gigabatteries in the coming years, reaching 3,000 million euros, which it will allocate to new wind and solar farms already under development or construction. From the outset, the construction of two gigabattery-linked wind farms will be added to the project.

The inauguration was also attended by Portuguese Minister of Environment and Climate Change, Duarte Cordeiro; Secretary of State for Environment and Energy Joao Galamba; and the presidents of the municipal chambers of Ribeira de Pena, Vila Puca de Aguilar, Botica, Chávez, Montalegre and Cabeceiras de Basto.

Source: www.eldiario.es

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