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Portugal presents 700-MW solar auction, but postpones it

Solar panels by iamme ubeyou.

March 30 (Renewables Now) - Portugal on Friday held an information session for the upcoming solar auction targeting 700 MW, but paused the process until markets calm down following the COVID-19 pandemic.

Energy state secretary Joao Galamba made the announcement on Friday, without giving a possible future date for the auction.

For the first time, this year's tender will include a battery storage option, whether it is solar photovoltaic (PV) plus battery, concentrated solar power (CSP), solar PV plus CSP, or other combinations. The two renumeration options from the 2019 auction are maintained.

The presentation can be found here: https://leiloes-renovaveis.gov.pt/

Galamba pointed out that the government hopes to follow the success of last year's 1,400-MW bidding process in which the country awarded 1,292 MW. At the time, the tender saw a world record low bid of EUR 14.7 (USD 16.4) per MWh.

(EUR 1 = USD 1.116)

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Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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