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procurements mark its 2nd in Portugal and also initial acquisition in Chile, with the first being an 11.6 MWp project with a long term PPA and also commissioning

the heels of Bruc Management's deal to offer a 50% stake in Spain- as well as Portugal-oriented solar vehicle Bruc Energy to UK personal pension fund, the

lately revealed a EUR900 million financial investment in a 1.35 GW pipeline in Portugal and has safeguarded a 640MW co-development in

the building of greater than 2.1 GWp of solar projects across Spain as well as Portugal. The company has actually given that gotten a 4.6 GWp portfolio of

by 2022. In early August, the firm made its first solar foray into Portugal, when it was awarded 149MW of solar projects in the Portuguese govenrment's

strengthen CTGE's existence in Europe, in addition to its investments in Portugal, Germany and the United Kingdom and also Greece." The transaction is

wind and energy storage space projects across Europe with a concentrate on Portugal, Spain, France and also

will certainly use the experience as well as references we have gained-- from Portugal via Italy to Romania," specified chief executive officer Piotr

begun construction on a 2 MW rooftop solar power project for Leroy Merlin in Portugal, marking a milestone for the company as its total power capacity now exceeds 3

consisting of Estonia, Germany, Hungary, Lithuania, the Netherlands, Poland, Portugal and Spain. Hungary's solar generation in particular has actually quadrupled

projects have been appointed in the lack of aids in between 2017 and 2020. Portugal has been subsidy-free for even longer, lifting feed-in-tariffs in 2012. In

Danish energy business Nordic Solar stated today it has closed the purchase of a 48.5-MWp solar project in Portugal from Chinese developer Chint Solar, without giving economic information.

Portuguese utility Energias de Portugal SA (ELI: EDP) announced today it has actually received the thumbs-up to start construction of a 4-MW floating photovoltaic or pv (PV) plant in Portugal's Alqueva Reservoir.

Portugal-based renewable energy manufacturer Greenvolt stated that it broadened into the marketplaces of Bulgaria, Romania and Italy through its system V-Ridium, a Polish renewables developer.

Portugal’s latest solar auction has concluded with record-smashing low prices, a top government official revealed to PV Tech today. Speaking before the government formally published the results, Energy state secretary João Galamba confirmed the lowest bid at this month’s PV tender came in at €14.76/MWh (US$16.44, based on current exchange rates). Galamba described the figure – far below the auction's ceiling prices of €45/MWh (US$50/MWh) – as a "new world record." The tariff was assigned to the largest tender winner, a 150MW project the state secretary would not identify and which competed under the auction’s first of two modalities, featuring a fixed price. According to him, contracts under this first category featured an average tariff of €20.33/MWh (US$22.66/MWh). Around five projects fell under the €20/MWh mark, reaching tariffs of around €17/MWh. The state secretary linked the €14.76/MWh milestone to the fierce competition witnessed for some of the 22 lots that were put up for auction. “There were batches where we had more than 20 contenders,” he told this publication. 1.4GW tender ends with 1.15GW of contracts According to the state secretary, the auction granted solar winners a total of 1.15GW in contracts. The figure falls shy of the 1.4GW it was meant to tender and is little over a tenth of the 10GW that solar developers put forward when bidding opened this summer.   The tender awarded 862MW of the 1.15GW total through the first modality, intended to offer 15-year fixed-price PPA to players struggling to land these deals or funding support.  The remaining 288MW were contracted under a second batch, where developments – typically more advanced, with PPAs already negotiated or being negotiated – are made to pay in return for the right to produce at market prices, also for 15 years. Under this second route, the average contribution agreed by developers reached €21.35/MWh (US$23.78/MWh), Galamba explained. The highest and lowest payment among auction winners came in at a respective €26.75 (around US$30) and €5.1 (US$5.68) for every MWh produced, the secretary added. At past PV Tech events, some have criticised the second modality for potentially paving the way for speculative bids from players with still-hazy projects. Galamba was confident that the auction design will counter such an eventuality, however. “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,” he argued, adding that firms must, regardless of modality, complete their projects within three years. Foreign solar players reap lion's share Portugal’s claim to the top spot of global solar auctions follows a similar milestone by fellow Portuguese-speaking state Brazil, which produced PV tariffs of BRL67.48/MWh (around US$17.5/MWh) at a smaller tender open to all renewables. Galamba described Portugal’s €14.76/MWh figure as “great news” for consumers. “We are really committed to ensure that we can award renewable projects with the lowest price,” he said “It’s the only way that we can bring consumers on board the energy revolution we are trying to drive.” The state secretary explained a total of 25 projects had finally reaped auction contracts from the 64 finalists, pre-selected in early July. The schemes were put forward by a group of 13 developers, he added. Galamba wouldn’t comment on reports by Portuguese outlet Expresso that Iberdrola and Total Solar were among the winners, while EDP, EDF, Finerge and Galp failed to reap contracts. He did confirm, however, claims by the same publication that winners were foreign players for the most part. Portugal’s PV auction series is meant to fuel a surge in installed capacity from 572MW (2018) up to 1.6GW (2021) and 8.1GW-9.9GW (2030). Coming up next is a 700MW second solar tender – set to incorporate the same dual design – and a separate auction for energy storage, both in Q1 2019. In March, the government told PV Tech the storage tender would likely offer 50-100MW but the capacity figure, Galamba said today, could surpass the initial range. The upcoming shutdown of one of the country’s two coal plants creates a gap the storage auction could help fill, he explained.