Portugal approves major investments in national energy grid

Lisbon, Aug 3 (IANS) The Portuguese government announced that it has greenlit a series of significant investments by Redes Energetics Nacionais (REN) aimed at extending and developing the National Transmission Network (RNT).

The approval, announced in a statement by Environment and Energy Minister Maria da Graca Carvalho on Friday, underscores the country's commitment to enhancing its energy infrastructure and promoting sustainability, Xinhua news agency reported.

The specific investment plan by REN includes the creation of grid connection capacity in the high-demand area of Sines and reinforcements to integrate a photovoltaic plant into the grid.

Additionally, the development of the RNT in the northeast of the country will focus on integrating renewable energy sources and supplying new very high-voltage grid infrastructure.

The minister emphasised the strategic importance of these investments, noting that they serve as a "sign of encouragement" to both domestic and international companies looking to invest in Portugal.

"We want to encourage companies, both domestic and foreign, to invest in our country and contribute to building a more sustainable future," she stated.

The move aligns with Portugal's broader energy strategy to foster renewable energy integration and infrastructure development, positioning the country as a leader in sustainable energy solutions in Europe.

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