Leo Pick’s Post

French companies have been increasingly investing in Portugal's green energy and water sectors, reflecting the deepening collaboration between the two nations in renewable energy development. A prominent example is the H2Med project, which aims to establish a green energy corridor between the Iberian Peninsula and France, enabling the production and transportation of green hydrogen. This project, leveraging Portugal's solar and wind resources, positions the region as a significant exporter of green energy to Europe. Several major French corporations, such as EDF and Engie, are leading investors in Portugal's renewable energy initiatives. Engie, in particular, has been actively involved in developing wind and solar power projects, helping Portugal meet its ambitious renewable energy goals. These investments align with the Portuguese strategy of achieving substantial reductions in carbon emissions and increasing the share of renewables in the country's energy mix. Portugal’s commitment to becoming a green energy hub, along with partnerships in biofuel and water management, makes it an attractive destination for French companies aiming to contribute to Europe's broader energy transition efforts. These joint initiatives not only aim to boost the energy transition but also foster economic growth and job creation in both countries. #cleanenergy #portugal #france

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