Portugal receives bids from 12 companies for floating solar auction

• The deadline for sending applications ended last Wednesday at 23:59, with the period for obtaining proposals having actually run because January 29.
• The nation's National Energy as well as Climate Plan sets 2030 targets for emissions decreases, energy efficiency and renewable resource, looking to achieve affordable carbon neutrality by 2050.

The auction for the installation and also procedure of photovoltaic or pv plants on seven dams in Portugal received 12 competing projects, setting preacher João Pedro Matos Fernandes has actually informed Jornal de Negócios.

The target date for submitting applications ended last Wednesday at 23:59, with the period for receiving proposals having run given that January 29.

Portugal was among the first countries in the world to set a target for carbon neutrality by 2050. The nation's National Energy as well as Climate Plan establishes 2030 targets for emissions decreases, energy efficiency and also renewable resource, wanting to achieve economical carbon nonpartisanship by 2050.

According to the routine sent to news agency Lusa, the bidding will take place on 4 April.

The federal government will auction the exploration of 263 megawatts (MW) of solar energy in 7 dams, of which 100 remain in Alqueva, the "biggest floating solar project on the planet," according to secretary of state for energy, João Galamba.

According to the published order, in the Tagus hydrographic region, 50 MW will certainly be auctioned in Castelo de Bode; 33 MW in Cabril; 42 MW in Alto Rabagão in the north, 17 in Vilar-Tabuaço, 13 MW in Paradela and 8 in Salamonde.

Matos Fernandes likewise cleared up that the domain name title of the auctions "is for 30 years," and that consequently "production can happen for thirty years," albeit the auction agreement "is for 15 years."

"Whoever bids, for 15 [years] creates electrical energy under the problems that arise from the auction. After that they have the various other 15 years to create in the typical market regimen," he stated.

According to the International Energy Agency (IEA), Portugal is sustaining decarbonisation with a wide array of procedures. A carbon tax obligation presented in 2016 supports discharges reductions. Coal-fired generation will certainly be phased out in 2021. The country is additional establishing its large hydropower fleet, consisting of added capacity of pumped hydro storage space.

Portugal is a global leader for combination of wind generation, and auctions introduced in 2019 are driving quick deployment of PV as well as battery storage space. The country is promoting much better electrical energy affiliations with the remainder of Europe as well as has actually established ambitious goals for clean hydrogen.