Portugal to launch two distinct auctions for solar power in June - report

Solar farm in Portugal. Author: Hugo Cadavez.

January 28 (Renewables Now) - Portugal will hold two types of auctions for solar projects in June, one for smaller producers and the other for larger investors.

The Minister for the Environment and Energy Transition, Joao Pedro Matos Fernandes, told local newspaper Negocios e Antena 1 that smaller producers, with projects of up to 50 MW, have been facing difficulties in finding ways to finance their own projects, thus the government will launch a tender with fixed tariffs for these producers.

At the moment, 1.2 GW of solar power are licensed, of which 49 MW have left the paper. That is why it is of the utmost importance to move forward with an auction to ensure that a flat rate is offered to smaller producers, the minister said.

The country will continue to conduct its regular auctions without flat rates as there are a set of producers that have the capacity to complete their projects without fixed tariffs.

Under the National Energy and Climate Plan (PNEC) for 2030, 47% of the Portuguese power consumption will have to come from renewable sources, which means that 80% of the electricity produced in the country should be renewable, the newspaper stated.

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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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