The Santas solar power plant, located in the Alentejo region, represents a significant milestone for Akuo, a producer and developer of renewable energy. With a capacity of 181 MWp, it stands as one of the largest solar infrastructures in Portugal. The installation covers the municipalities of Monforte, Borba, and Estremoz and is part of a broader portfolio of 540 MWc that Akuo is developing in the country.
Awarded by the Portuguese government in 2019, the Santas plant was brought to life with the financial support of MEAG and Eiffel Investment Group. It began producing and injecting electricity into the national grid in May 2024, reaching its full potential during the summer. The site comprises 336,448 low-carbon photovoltaic modules mounted on trackers, ensuring optimal performance given the region’s high sunlight exposure.
An assessed environmental impact and competitive energy
The plant benefits from 2,030 hours of sunshine per year, enabling it to produce competitive energy and meet the needs of more than 100,000 Portuguese households. With this production capacity, the plant reduces CO2 emissions by over 70,000 tons annually, equivalent to 27,100 global trips made by a standard thermal car.
Akuo’s environmental commitments extend throughout the lifecycle of the infrastructure. A study conducted by the group revealed that the plant emits 27gCO2e/kWh, which is significantly lower than the European solar plant average (44gCO2e/kWh according to ADEME). These results are achieved through careful material selection and optimized water resource management, a critical aspect for local ecosystem preservation.
Sustainable development and local social initiatives
Alongside its environmental efforts, Akuo has launched social initiatives through its foundation, including a support program for local populations, particularly the elderly and residents with mental disabilities in the Monforte municipality. These initiatives are part of an inclusive development approach while adhering to the legal compensation requirements.
The Santas plant is also monitored for its impact on local wildlife. Located on a migratory corridor, it undergoes rigorous ornithological monitoring to minimize disruptions to migrating birds.
Expansion planned through crowdfunding
During the inauguration, Akuo announced the launch of a crowdfunding campaign via its AkuoCoop by Lendosphere platform. This initiative, with an initial amount of 1 million euros, aims to fund the addition of 45 MW to the existing plant. The project is open to all European citizens, with priority given to Portuguese residents and companies looking to contribute to the region’s energy transition.
Portugal, a key player in Europe’s energy transition
Portugal, as part of its Energy & Climate Plan 2030, has set an ambitious goal of 42.8 GW of renewable energy capacity by 2030, compared to the current 3.7 GW for photovoltaics. In the long run, 85% of the country’s electricity will come from renewable sources, solidifying its position among the European leaders in clean energy.
Eric Scotto, Chairman and co-founder of Akuo, praised this partnership with MEAG and Eiffel Investment Group, stating: “This plant embodies Akuo’s values of innovation and sustainability. It is a project that demonstrates how renewable energy can be integrated into harmonious local development while offering economic returns for investors.”
