Portugal kicks-off 700 MW solar auction

Jun 9, 2020 12:52 PM ET
  • Solar programmers can send applications from today. The guidelines of the procurement exercise were released by the nation's Directorate-General for Energy and Geology.
Portugal kicks-off 700 MW solar auction
Image: aderna/Pixabay

The Portuguese federal government has kicked-off the country's second auction for huge scale solar jobs.

A document published in the Portuguese government's official journal claimed task proposals can be sent from today to the Directorate-General for Energy and Geology (DGEG). Programmers have until July 31 to lodge proposals.

The 700 MW solar auction was initially planned for January but was pushed back to March just to after that be held off because of the Covid-19 pandemic.

The nation's initial solar auction, held last summer, saw the DGEG allocate 1.15 GW of solar generation capacity-- less than the 1.4 GW initially intended despite the exercise being oversubscribed.

In 2014's public auction delivered a solar electrical power price toll which appeared reduced enough to note a new world record. Nevertheless, the EUR0.0147/ kWh agreed by the Akuo Renováveis Portugal unit of French programmer Akuo Energy had its new-benchmark credentials doubted by some analysts, that recommended the procurement round may have had undefined conditions connected.

The next-lowest quotes in the 2019 auction were sent by U.S. asset monitoring fund EverStream Capital Management and Lisbon-based designer Power & Sol Energias Renováveis SA, that will certainly produce solar energy for EUR0.01637 and also EUR0.0171/ kWh from their solar jobs, specifically.

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