Portugal's 700 MW solar auction 10 times oversubscribed

• Minister of the environment and climate action, João Pedro Matos Fernandes, revealed the development and exposed nine of the 10 lots tendered include power storage space.

Portuguese environment minister João Pedro Matos Fernandes has actually introduced the auction for large scale PV projects which is anticipated to be finalized following month has actually been ten times oversubscribed.

The minister, that was speaking yesterday at the commissioning of a self-consumption solar plant at a military air base in the country, also suggested nine of the ten lots being tendered have an energy storage element.

Matos Fernandes claimed 35 proposals had actually so far been received for the ten whole lots, with the auction readied to take place on August 24 and 25.

The 700 MW solar purchase round was originally planned for January. It was pushed back to March just to be held off again due to the Covid-19 pandemic. The workout was ultimately introduced in early June.

The nation's first solar auction, last summer season, saw the Directorate General for Energy as well as Geology designate 1.15 GW of solar generation capability-- less than the 1.4 GW originally intended in spite of the exercise being oversubscribed. That purchase supplied a solar electrical power price tariff of EUR0.0147/ kWh, marking a brand-new world document, although that claim has actually been contested by some analysts.