Trailstone Group, a prominent global energy and technology firm specialising in risk management and optimisation solutions for renewable assets, has announced two new partnerships with renewable energy developer Eurowind Energy. These agreements will see Trailstone provide physical balancing and aggregation services for Eurowind’s solar photovoltaic (PV) assets in Portugal, specifically the 22MWp “Triana” Solar PV asset and the newly constructed 2MWp “Vale Verde” UPP.
This collaboration marks a significant milestone for both companies, further establishing Trailstone’s presence in the burgeoning Portuguese renewable energy market. With Portugal identified as a strategic location for renewable growth, Trailstone is poised to leverage its expertise in energy trading optimisation and risk management to benefit local asset owners.
Ante Pogacic, Global Head of Power & Renewables at Trailstone, emphasised the importance of the Portuguese market, stating, “Portugal is a strategic market with tremendous renewable growth where we can provide renewable asset owners with unique proprietary risk management and energy trading optimisation solutions.”
Gonçalo Ferreira, Director of Origination Iberia at Trailstone, expressed enthusiasm about the partnership, saying, “We are pleased to be working with Eurowind Energy and are delighted to be helping them to grow their presence in a key European market for renewables.” This sentiment highlights Trailstone’s commitment to supporting the development of renewable energy infrastructure across Europe.
Joaquim Pinto, Country Manager Portugal at Eurowind Energy, viewed this collaboration as a pivotal step for the company in Portugal. “Starting with Trailstone as market agent for Triana PV Park and for the Vale Verde UPP is a new page for Eurowind in Portugal,” he remarked. Pinto added that Trailstone’s track record and expertise in the route to market area would allow Eurowind to focus on its core competencies: developing, building, and operating renewable energy assets across various technologies.
Trailstone made its entry into the Portuguese renewable energy sector in 2023, offering a suite of services designed to help asset owners optimise returns and reduce risks. These services include balancing and aggregation solutions, route to market services, short-term power purchase agreements (PPAs), imbalance risk management, and the supply of Guarantees of Origin.
Meanwhile, Eurowind Energy has been operating in the Portuguese market since 2016, with the Triana PV Park representing its inaugural operational asset in the country since January 2023. The company is currently in the process of constructing an additional 54 MWp of PV plants across northern and central Portugal, contributing to a broader pipeline of approximately 650MW in various renewable energy projects, including wind farms, battery storage, and power-to-X initiatives. The Portuguese office also hosts Eurowind’s Solar Competence Center, which supports the group’s ongoing PV project development.
In August 2024, Trailstone was acquired by global commodities trading firm Engelhart, a strategic move aimed at enhancing its trading and technological capabilities while actively participating in the clean energy transition. This acquisition is expected to further bolster Trailstone’s ability to deliver innovative solutions to its partners and clients in the renewable energy space.
