Developers are keen to submit their interest for Portugal’s first ever solar-only auction.
The Portuguese government plans to tender for 1.4 GW of solar generation capacity. With the auctions in question due to be completed by August 10, the Environment Ministry has announced that a ceiling price for the tender will be set at EUR45/MWh (US$50.6/MWh).
The investors had sought as much as over 10,000 MW of new capacity. Out of 24 locations to install solar panels, only one found no bids, and one had an instant winner, while 22 licenses will require auctions where bidders offering the largest discount off the energy tariff will win.
Environment and Energy Transition Minister Joao Pedro Matos Fernandes said that 64 entities are competing in the tender, many of them are foreign investors.
Country updates
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June 25, 2019
EDP to build 4 MW floating project in southern Portugal
EDP-Gestão da Produção de Energia, S.A., a unit of Portuguese power utility EDP, is set to build a 4 MW floating solar farm located at the Alqueva Dam on the River Guadiana,...
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June 18, 2019
AW-Energy installs new substation for Surge2 Ocean Wave Energy in Peniche, Portugal
AW-Energy has concluded the installation of a new substation for the Surge2 Ocean Wave Energy in Portugal. The previous substation used for project SURGE is replaced by an improved new substation, wh...
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June 05, 2019
Financing for 1,158 MW hydropower complex in Portugal
Iberdrola announced that it has received the largest ever green loan granted by Spanish Instituto de Credito Oficial (ICO), amounting to EUR400 million (US$446 million) with 12-year maturity and two-y...
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May 24, 2019
Portugal to auction 1.35 GW of solar capacity
Minister of the Environment of Portugal, Joao Matos Fernandes, announced that the government will auction 1.35 GW of solar capacity starting this coming summer after the change in legislation.
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May 15, 2019
EDPR to fully divest 997 MW wind portfolio in Europe
EDP Renewables (EDPR), a global leader in the renewable energy sector and one of the largest wind energy producers in the world, signed a Sale and Purchase Agreement with institutional investors...
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