August 8 (Renewables Now) - Spanish renewable energy company Solaria Energia y Medio Ambiente SA (BME:SLR) today said it had secured power purchase agreements (PPAs) for a total of 49 MW of nominal capacity in Portugal’s recent solar power auction.
Solaria's wholly-owned Portuguese unit Prodigy Orbyt LDA was awarded reserve capacity for connection to the grid under the guaranteed remuneration regime at a fixed price of EUR 19.64/MWh (USD 22.01/MWh) for 15-years worth of power supply, the solar company said in a regulatory filing this morning.
Prodigy Orbyt was awarded four licences for four solar photovoltaic (PV) projects, all in the Alentejo region. Once in operation, the future solar farms will generate around 100 GWh annually.
According to the tender results published on Wednesday, Prodigy Orbyt’s lowest bid was EUR 18.0/MWh for a 19-MW project against the ceiling price of EUR 44.9/MWh. Its highest bid was EUR 22.16 for one of the remaining three 10-MW projects. The ceiling price in that category was set at EUR 45.15/MWh.
(EUR 1.0 = USD 1.12)