RP Global has secured €15.5m in finance for the 10MW Vila do Monte hydropower project in northern Portugal.
Construction of the facility started in the autumn last year, with the finance coming in loans from Caixabank and Banco BPI.
The plant is located 10km from Viseu on the Vouga River and is expected to be finished during the third quarter of 2017.
RP Global Portuguese country manager Jorge Viegas said “We are now facing about two years of hard work until we start producing electricity from the River Vouga.
“Vilar do Monte constitutes the 11th hydropower plant that we have built in Portgual.”
Image: sxc
RP Global plans 10MW in Portugal
Finance secured for Vila do Monte project in the north of country
By EBS