300 MVA of firm grid capacity in northern Portugal. Wind + solar PV + BESS behind a single connection.
Non-binding offers close on 21 August 2026.
Nenuphar Advisors is running a competitive process on the VPA Cluster, a hybrid platform structured as three grid connection titles of 100 MVA each, at 220 kV.
What is already secured:
🆗 TRC (grid-connection permit) executed with REN in June 2026
🆗 43 lease-secured turbine positions across three wind farms
🆗 Two LiDAR units and one meteorological mast, multi-year on-site measurement campaign
🆗 Prior environmental assessment (PDA) concluded, with positive municipal feedback
🆗 Base configuration: 210 MW wind + 90 MWac solar PV + 300 MW / 4h BESS (1,200 MWh) behind the same 300 MVA slot
This is not a queue position. It is a firm, permitted connection with four revenue streams behind it: wind, solar, storage arbitrage and ancillary services.
Transaction: 100% of the SPV quotas, with a Development Services Agreement (DSA) keeping Nenuphar alongside the buyer through Ready-to-Build. NDA within 24 hours of expression of interest, data room immediately after, non-binding offers by 18:00 Lisbon on 21 August. No exclusivity at this stage, only after selecting the winner BID.
Nenuphar Frontier/Advisors has developed 1,175 MVA of greenfield capacity in Portugal, 3rd-ranked developer in the REN Direct Agreements procedure, and 475 MVA in Spain, working across Iberia, the Gulf and Africa.
If your mandate covers utility-scale hybrids in Western Europe, message me directly or write to rassuncao@nenupharadvisors.com . Teaser available on request.