Saturday, June 25 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Swiss PKZH buys stake in 48.9 MWp solar park in Portugal


    May 26, 2022 - SeeNews Renewables

     

      May 26 (Renewables Now) - The City of Zurich Pension Fund (PKZH) has acquired a 49.5% interest in a 48.9-MWp solar park in southern Portugal from its strategic partner, Swiss utility company EKZ.

      The Cotovio solar park is built in a mountainous area in the coastal city of Portimao in the south of the country. The facility features more than 100,000 solar panels installed on high slopes of around 30º. The plant offsets 34,026 tonnes of carbon emissions per year, according to renewable power plants operator Voltalia SA (EPA:VLTSA), which was the EPC contractor for the project.

      The solar park was commissioned in 2021.

      Green power plants represent a key element in the sustainability strategy of the Zurich-based pension fund. The purchase in Portugal comes after PKZH took last July a 49.5% stake in the Algibicos solar plant in southern Spain from EKZ. The solar park produces about 90 GWh of clean power annually.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.