The Government of Portugal has awarded new solar energy developments with a total capacity of 670 MW at a record low price of EUR11.14 (US$13.16) per MWh in one of the offerings.
The solar auction was set at a ceiling price of EUR41.54 (US$49.45) and EUR41.73 (US$49.672) per MWh that depends on the lots. South Korean firm Hanwha Q Cells has secured up six lots for a total of 315 MW.
About 483 MW of the awarded projects will be supplemented with energy storage facilities. Other capacities were awarded through system compensation and contract for differences modalities.
Country updates
-
-
August 24, 2020
CKI, PAH divest 726 MW Iberwind portfolio
CK Infrastructure Holdings Limited (CKI) and Power Assets Holding (PAH) have signed an agreement to divest Iberwind portfolio in Portugal to JP Morgan's European wind energy platform Ventient Energ....
Read more -
July 29, 2020
EDPR and partners commission 25 MW Windfloat Innovfin FDP offshore wind project in Viana do Castelo
WindFloat Atlantic is now fully operational and supplying clean energy to Portugal's electrical grid. Following the connection of the last of the three platforms to the 20 m export cable connecting th...
Read more -
May 25, 2020
EU launched public consultation to review rules on trans-European energy infrastructure
The European Commission has launched a public consultation on the review of the EU rules on trans-European energy infrastructure. This will be accompanied by a more targeted consultation for stakehold...
Read more -
May 05, 2020
Siemens Gamesa acquires the Ria Blades plant and completes the acquisition of Senvion's assets
Siemens Gamesa Renewable Energy has completed the acquisition of all the shares of Ria Blades, SA, the business entity that controls and operates the onshore blade manufacturing plant in the Portugues...
Read more -
April 02, 2020
Glennmont Partners launches sale of 29.8 MW Portuguese PV portfolio
Glennmont Partners has entered into an agreement for the sale of its Portuguese Solar photovoltaic portfolio to First State Investments-owned renewable energy investment group, Finerge. The unique Lu...
Read more
