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Portugal launches Support Programme for Social Institutions

Submitted by Baerbel Epp on September 28, 2010

The Portuguese government continues its support for the solar thermal sector with an incentive programme for non-profit entities and sports institutions. Announced this June (see link http://www.solarthermalworld.org/node/1329), it was launched on 19 July and allows the submission of applications until 29 October. Projects selected in the north and middle of the country, as well as in the Alentejo region will receive funding of 70% of the investment costs, whereas the Lisbon area and the Algarve region are only eligible for a 50% subsidy. On 23 July, energy agency ADENE signed an agreement with several commercial banks to administer the funds: BPI, Millennium BCP, BES, Banco Popular, Santander Totta, BANIF, General Atlantic and Montepio Caixa Geral de Depósitos.

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