Government tax package dubbed ‘significant and surprising’ by renewables investor

Move part of VH Global’s renewable power enablement strategy for the country

Move to mull so-called ‘cap and floor’ mechanism part of measures to remove ‘significant’ market barriers

Tamega Giga Battery comprises three power stations – Gouvaes, Daivoes and Alto Tamega

Firm has also been granted an additional €118m credit facility from Banco Santander

Agreement with is for energy produced between 2026-2032