The European Commission endorsed Portugal's recovery plan, as part of the EU Recovery and Resilience Facility. The plan is composed of 20 different components that are structured in three main dimensions: Resilience, Climate transition, and Digital transition.
This initiative is part of the component "hydrogen and renewables" (Component 14) from the climate transition dimension, with a total budget of 116 million EUR.
To support the energy transition in Açores, the following measures are envisaged:
- Increase the potential of the installed capacity of geothermal energy and achieve 17 MW: install a 5MW generator at the Ribeira Grande geothermal power plant, and expand the Pico Alto geothermal power plant.
- Increase the installed capacity of renewable energy in Corvo
- Install storage systems for electricity in the remaining 6 islands of RAA
- Increase the overall electricity installed capacity by 12.6 MW