Acciona renews power supply agreement with Fnac Portugal
Portugal, a subsidiary of French innovation and also retail group Fnac, will purchase 13GWh of qualified renewable electrical energy each year. This perseverance
Mar 24, 2021 // Markets & Finance News, Acciona, Fnac Portugal, Carlos Alves, Aprígio Guimarães
Engie purchases 50 MWp PV pipeline in Portugal
operates only in the corporate segment in Portugal, in which it retains about 10 percent of the marketplace with over 30 MWp installed and over 20 MWp under
Dec 9, 2019 // Markets & Finance News, Portugal, Europe, Engie SA, Ikaros, Hemera Duarte Caro de Sousa, Pedro Cruz
NextEnergy solar fund snaps up Portugal PV project
year. Filinto Martins, taking care of supervisor of the fund, claimed that Portugal is a market that stands for "high development potential" in the solar
Feb 15, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Portugal, Europe, Solar Project, Filinto Martins, NextEnergy
Voltalia to Maintain and also construct Solar Farms Worth 134 MW in Portugal
Swiss-headquartered renewable resource player/Edisun Power expanding quick in Portugal, for 3 solar plants in Portugal with a complete capability of 134
Feb 11, 2020 // Plants, Large-Scale, Commercial, Portugal, Voltalia, Europe, International, Smartenergy, Sébastien Clerc
Portugal solar public auction surpasses federal government expectations as Enerland named record-low prospective buyer
it was "rather remarkable" that the lowest price was down on a previous record Portugal held for its first solar auction. Enerland paid EUR11.14/ MWh (US$ 13.12), or
Sep 1, 2020 // Plants, Markets & Finance News, Grids, Portugal, Q CELLS, Battery Storage, Iberdrola, Enel, Europe, solar-plus-storage, solar auction, Hanwha Q Cells, audax, world record, record lows, joao galamba, enerland, tagenergy
Portugal reveals winners of record-breaking solar auction
Portugal has unveiled the final results of the solar auction held over the summer, identifying a handful of major foreign winners of a tender hailed as a worldwide milestone. French firm Akuo Energy and Spanish giant Iberdrola reaped together nearly half of the 1.15GW total awarded through the July auction, which made global headlines as reports emerged of bid prices of €14.76/MWh (around US$16/MWh). Breaking the news of the price milestone to PV Tech last week, Energy state secretary João Galamba explained most of the auction winners were foreign players, declining however to name them at that stage. Released this week, the final list shows the tender assigned 370MW to Paris-headquartered Akuo under a first modality, which offered winners 15-year fixed-price power purchase agreements (PPA). At 150MW, it was the largest of Akuo’s three awarded projects that scored the €14.76/MWh tariff. Its two other winning schemes of 120MW and 100MW were contracted at prices of €20.73/MWh (around US$23/MWh) and €19.78/MWh (US$22.16/MWh), respectively. Joining Akuo under the first, fixed-tariff modality was Power & Sol – with a 100MW project scoring tariffs of €17.19/MWh (US$19.26/MWh) – Everstream Energy Capital’s 50MW scheme and others. The priciest project was Aura Power’s 18MW venture, at €31.16/MWh (US$34.92/MWh). The price of Iberdrola’s Portuguese PV debut The tender – which had to process 10GW in solar bids – awarded a significant chunk of the final 1.15GW total to Spain's Iberdrola under a second modality, where developers were made to pay in return for the right to produce at market prices, also for 15 years. Iberdrola pledged contributions ranging €5.1-26.75/MWh (around US$5.68-30MWh) in return for 149MW worth of contracts for its first-ever Portuguese PV projects, which will be split between the Algarve and the Tajo Valley. Iberdrola – already present in Portugal through its energy distribution business and the 1.158GW Támega hydro project – was the main but not the only winner of the second auction category, with a separate 110MW project committing grid payments of €25.46/MWh (around US$28/MWh) Designed to cater to more advanced, PPA-successful solar developers, the pay-to-produce auction basket drew scepticism from some quarters in the run-up to the auction. At past PV Tech events, some warned the design could pave the way for speculative bids. Presented with the criticisms, state secretary Galamba told this publication: “We believe the conditions are there to commit participants to real investments. Winners have to pay €50,000/MW in guarantees and are forbidden to sell their licence to another party.” The July auction is part of Portugal’s efforts to fuel a surge in installed PV capacity, from 572MW (2018) to 1.6GW (2021) and 8.1GW-9.9GW (2030). Coming up next is a 700MW second solar tender and a separate auction for energy storage, both in Q1 2019.
Aug 8, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, Portugal, Iberdrola, tender, Europe, iberia, solar auction, akuo
Portugal kicks-off 700 MW solar auction
record. Nevertheless, the EUR0.0147/ kWh agreed by the Akuo Renováveis Portugal unit of French programmer Akuo Energy had its new-benchmark credentials
Jun 9, 2020 // Markets & Finance News, Portugal, Europe, auction
Solar forgot once again by Italian public auction as Portugal tender draws nearer
it deserves", Chief Executive Officer Paolo Rocco VIscontini told PV Tech. Portugal establishes price caps after EUR14.76/ MWh PV milestone Italy's solar
Jun 2, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Portugal, Italy, pv power plants, Europe, southern europe, cfd, Coronavirus, covid-19, tenders and auctions
Portugal trims hydrogen project field as multi-billion-euro campaign changes gear
it had gotten 74 expressions of passion from parties eager to use an action by Portugal's Ministry of Environment as well as Climate Action to advance green hydrogen
Jul 28, 2020 // Markets & Finance News, Portugal, Galp, Europe, hydrogen, green hydrogen, renewables, Smartenergy, apren, Marc Rechter
Portugal drafts new rules to boost rooftop solar
Portugal’s state secretary for energy, João Galamba, has used Twitter to announce new rules for renewable energy self-consumption, energy storage and energy communities which were published by the government today. The Portuguese government said the Decreto-Lei 162/2019 legislation will improve self-consumption guidelines issued in 2014 by providing a clearer and more favorable framework for the deployment of small and middle sized renewables projects. The new rules, which will come into force on January 1, are expected to immediately spur development of self-consumption projects with the first installations driven by the change possibly finalized next year, the government said. Collective self-consumption The new provisions establish that excess power can be sold to the spot market or through bilateral power purchase agreements. The changes also simplify the authorization approval process for residential PV and raise the size limit for that category of installation, from 1.5 kW of generation capacity to 30 kW. The provisions also provide a legislative framework for energy communities for the first time. Under the current regime, PV system owners were only allowed to power a single consumption unit. The new rules instead enable homeowners and businesses willing to become prosumers to aggregate their efforts in collective projects and share generation units. The legislation, the government said, is aimed at helping the country reach its renewable energy target. As of the end of 2018, only 670 MW of solar capacity had been deployed in sunny Portugal, according to the International Renewable Energy Agency. Solar is expected to play a leading role in the Portuguese government’s new energy plan, which includes goals of providing 80% of the country’s power demand from renewables by 2030, and electrifying 65% of the economy by 2050.
Oct 25, 2019 // Policy, Rooftop PV, Portugal, Europe, rooftop PV, Twitter, João Galamba
COVID-19 episode triggers momentary hold-up for Portugal's solar public auction
Ministry spokespeople had actually currently prepared for 2 months back-- Portugal is integrating a storage space method to its solar public auction, instead of
Mar 27, 2020 // Markets & Finance News, Portugal, Europe, auction, João Galamba, covid-19
Portugal holds off 700 MW solar public auction once more
Portugal's state secretary for energy, João Galamba, has announced the 700 MW solar auction planned for April has been postponed for an unspecified period. "The planned auction will have to wait for the markets to calm down," Galamba said on it Twitter account, without explicitly mentioning the Covid-19 pandemic as the cause. The state secretary also announced the launch of a portal for future solar auctions. All the generation capacity assigned in the postponed exercise was due to be allocated in the southern regions of Alentejo and the Algarve, according to Portuguese newspaper Expresso. The newspaper reported projects with a capacity of up to 10 MW were due to be connected to the grid of EDP Distribuição with 10-50 MW facilities to be hooked up to the high-voltage network of national grid operator REN. The exercise had already been postponed by the Portuguese government in mid-January. The country's first solar auction, held last summer, saw the Directorate-General for Energy and Geology allocate 1.15 GW of solar capacity – less than the 1.4 GW originally planned despite the exercise being oversubscribed. The auction delivered a world record low solar electricity price offer of €0.0147/kWh for a 150 MW project by the Akuo Renováveis Portugal unit of French developer Akuo Energy. However some analysts have questioned whether that bid should be considered a true benchmark. The second and third-lowest bids in the auction were submitted by U.S. asset management fund EverStream Capital Management and Lisbon-based developer Power&Sol Energias Renováveis SA, who will generate solar power for €0.01637 and €0.0171/kWh, respectively.
Mar 31, 2020 // Markets & Finance News, Portugal, Europe, auction, João Galamba
Portugal fast-tracks 30 MW of tiny solar to aid hard-pressed organisations
Portugal's Ministry of Environment and also Climate Action has actually provided provisionary authorization for 220 self-consumption power projects with a mixed generation ability of 30 MW. The relocation makes it possible for system proprietors to start creating power promptly, without needing to take the normal action of waiting for last authorization. Priest Joao Pedro Matos Fernandes claimed the authorizations had actually been given to allow system proprietors to gain from reduced power expenses throughout the Covid-19 pandemic. A state of emergency situation stated by Portuguese head of state António Costa on March 19, in action to the spread of the coronavirus, had actually caused restrictions on power generation which have actually currently been gotten rid of. The typical authorizations program will certainly be renewed as soon as the state of emergency situation is raised, the ministry introduced. Portugal presented brand-new policies for renewable resource self-consumption, power storage space as well as power areas in October. Solar is anticipated to play a leading role in the Portuguese federal government's brand-new power strategy, that includes an objective of conference 80% of the nation's power need from renewables by 2030 and also energizing 65% of the economic climate by 2050.
Apr 9, 2020 // Plants, Large-Scale, Commercial, Policy, Portugal, Europe, Joao Pedro Matos Fernandes
O&G significant Galp to start work with first solar project in Portugal
tidy power portfolio by 2030. Recent figures from SolarPower Europe disclose Portugal had a mounted solar PV ability of 1.4 GW at the end of 2021. The profession
Mar 29, 2021 // Plants, Large-Scale, Commercial, Portugal, Galp, Europe, largescaleeu, oil and gas majors, Jayme da Costa, Susana Quintana Plaza
Floating PV as well as land close to freeways to be included in Portugal's 2021 solar public auction procedure
thinking behind the brand-new version, according to Galamba, is that Portugal's eco-friendly energy objectives-- which include a goal of a minimum of 80% or
Nov 25, 2020 // Plants, Floating PV, UTILITY-SCALE SOLAR, Portugal, floating PV, auctions, Europe, solar-plus-storage, tenders, joao galamba