Portugal's 2nd PV auction draws globe record low bid of $0.0132/ kWh.

• According to monetary paper Expresso, the lowest bid in the exercise was EUR0.0112/ kWh, a little less than the $0.0135/ kWh submitted by French energy team EDF as well as China's JinkoPower in a 2 GW tender kept in Abu Dhabi, a rate which was validated last month.

Although Portugal's second solar power auction is not anticipated to be settled up until tomorrow, economic newspaper Expresso has actually exposed the 700 MW purchase round safeguarded a world record least expensive bid of EUR0.0112/ kWh ($ 0.0132).

If validated, that price would certainly be $0.0003 lower than the $0.0135/ kWh bid sent by French power group EDF and China's JinkoPower in a 2 GW tender held in Abu Dhabi, which was cofirmed in July.

Portugal's very first solar auction, last summer season, saw the Directorate General for Energy and Geology assign 1.15 GW of solar generation capability-- less than the 1.4 GW initially planned despite the workout being oversubscribed. That purchase round delivered a solar electrical energy rate toll of EUR0.0147/ kWh, noting a brand-new world record for that time.

Even more information on the 2nd auction will certainly be provided as quickly as the official results will certainly be announced.