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Billion Euro Project Blocked in Portugal | Portugal News
A billion-euro renewable energy project by Eurowind Energy, backed by Blackstone, is on hold in Castelo Branco after local authorities rejected its plans to build solar, wind, and battery infrastructure near the protected Serra da Gardunha. The company is pivoting to other towns in Portugal’s Beiras and Médio Tejo regions that are more receptive, while still committing to the massive investment. Despite pushback over environmental impact and limited job creation, Eurowind is moving forward with a 65-million-euro payment for grid rights — planning to relocate those rights as the project…
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