Econostrum | Economic News in the Mediterranean

Voltalia invests in five new solar power plants in Portugal

Written by Frédéric Dubessy on Thursday, September 22nd 2022 à 12:30 | Read 1594 times

Voltalia is already very present in Portugal. Here the solar power plant of Coruche - (photo: Voltalia)
Voltalia is already very present in Portugal. Here the solar power plant of Coruche - (photo: Voltalia)
PORTUGAL / FRANCE. The French company Voltalia will build a new complex of small solar power plants in Portugal. Called Garrido, it will be developed on five sites spread throughout the country: Alcochete (23.9 megawatts), Pinhal Novo (11.8 MW) Antuzede (11.4 MW), Vale Serrao (2.4 MW), Oliveira de Frades (1.2 MW), for a total of 50.7 MW.

"The electricity will be sold through very long-term sales contracts signed with companies that will consume the electricity (corporate PPA). They will thus green their energy consumption, preventing the emission of more than 46,685 tons of CO² into the atmosphere each year," said the 70%-owned subsidiary of the Mulliez Family Association (AFM) in a statement on Thursday, September 22, 2022.

"Against the backdrop of tensions on energy prices in Europe, the launch of the construction of new projects in Portugal supports the production of renewable and competitive electricity. Portugal is constantly improving the share of renewable energy in the country's energy consumption, with more than 65% of the electricity consumed in the country coming from renewables," said Sébastien Clerc, CEO of Voltalia.

A first floating solar project in Portugal

Voltalia has 71 MW of capacity in operation or under construction in Portugal, a figure that includes the power plants of its subsidiary Helexia, a specialist in on-site energy production and energy efficiency, which was acquired from CreaDev (the investment company of the Mulliez family association) in 2019.

The French company is also present on a floating solar project, its first, of 33 MW located near the Cabril dam, in Sertã, in the center of the country (190 km north of Lisbon). This tender from the Portuguese Ministry of Energy and Environment was won in April 2022. The floating solar power plant is expected to be commissioned by 2026 at the latest. The company's revenues will be ensured by a 15-year sales contract signed by the Portuguese government, which will buy back the electricity at a price of €41.025 per MW.

Voltalia already has 270 employees in Portugal. The operator has based its operational center (Global Solar Hub) in Porto, dedicated to the supervision of its solar power plants located in Europe, Africa and Latin America, representing more than 1.2 gigawatts managed on its behalf and for third-party customers.

Strong presence in the Mediterranean

Founded in 2005, the company (1,300 employees in 20 countries on three continents) remains very active in the Mediterranean countries. In July 2022, it announced the construction of its fourth solar power plant in Albania. The contract was awarded at the end of May 2020, following a call for tenders by the Albanian Ministry of Infrastructure and Energy. With a capacity of 140 MW, it will be the largest in the Balkans. At the end of April 2022, Voltalia won a new tender for the construction and operation of two solar sites in Aïn Beni Mathar (69 MW) and Guercif (48 MW) in Morocco.

In March 2022, the operator commissioned 12 MW of photovoltaic projects in Greece. It is also working in Jordan with a majority stake in four solar power plants in November 2020, and in Egypt since 2008. 

Voltalia currently has more than 2 GW of capacity in operation and under construction and a portfolio of projects under development with a total capacity of 11.1 GW.


About is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin. Subscribe to To be the first to know, with unlimited access to all articles. To receive the weekly newsletters and special newsletters sent as soon as our files are published. Automatically renewable subscription, but the reader keeps control of it or yearly subscription. For individuals or professionals...