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NFEF Solar Energy Projects

Initial Investment Pipeline

Acordo list (8-10 Gigawatts total capacity). Gigawatt GW (1 billion watts, 1 unit can power 750,000 plus homes). Megawatt MGW (1 million watts, 1 unit can power 650 plus homes).

  • The Acordo list was was created by the Portuguese Government in 2019 to fast track solar energy projects, and permits to fast grid connections 
  • The list was primarily established to facilitate further production of solar projects in Portugal and to meet the General Directorate of Energy and Geology’s (DGEG) goal of between 8.1 and 9.9 GW in installed capacity by 2030
  • Once a permit is granted under the scheme, it allows the solar producer the opportunity to sell capacity into the grid once the plant is online
  • NFEF will invest in the shares of the projects on the government Acordo list of solar projects. NFEF will be targeting 1-2 GW of projects on the Acordo list to develop through to ready-to-build
  • Grid connections to be granted by the Portuguese authorities
  • The Santa Marta Project is NFEF’s first Portuguese Acquisition from the Acordo List

Acquisitions & Pipeline

Successfully developed

1GW Greenfield site to ready-to-build since 2015 in Portugal & Beyond

Our local partners

Experienced, successful developers of solar projects in Portugal

Our projects in Portugal

The team has worked together on these projects

Portugal
  • Target 1
    Leiria
SANTA MARTA
  • Started in 2019
  • Leased by NFEF
  • Expected to be operational in 2024
PEREIRO (ALENTEJO)
  • Started in 2017
  • Sold to a multinational in 2020
  • Expected to be operational in 2024
SOLARA 4 (ALENTEJO)
  • Started in 2014
  • Sold to a multinational in 2016
  • Fully operational in 2021
Portugal
  • Target 3
    Algarve
Portugal
  • Target 2
    Algarve

Santa Marta Acquisition

200 MW capacity – Santa Marta – NFEF can comfortably deploy €20 – €25M. This will generate enough electricity to power up to 60,000 homes

  • The Santa Marta project commenced in 2019 as a greenfield site, with the specific intention of reproducing the “Pereiro” model — to acquire early- stage projects and develop them through to a ready- to-build stage
  • The finished plant will have a capacity of 199.5 MW peak, with estimated product of 426 GWh
  • There is energy storage capacity of 40 – 200 MWh (MWh – equals 1,000 kilowatts of electricity generated per hour)
  • The electricity generated by a single solar panel placed in Portugal is among the highest in Europe, and therefore Santa Marta is expected to produce a very high return. Estimated production of the Santa Marta is 408,000 MWh/year which if sold at current prices will produce revenue of around €19m per annum
  • The 429 hectares site is adjacent to the Galp project which will allow an immediate connection to the grid

Please contact us for a full presentation in English, Mandarin, Turkish, Vietnamese, Portuguese or Spanish

Avenida Engenheiro Duarte Pacheco Torre 1-15º (Penthouse Office) Piso – Sala 2, 1070-101 Lisbon, Portugal

sales@fundboxcoinvest.com

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