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local arm of Portuguese utility EDP - Energias de Portugal SA (ELI: EDP) claimed on Wednesday this investment belongs to its approach to play a leading role in the

The city government of the Portuguese community of Palmela has actually authorized the location for the building of a 270-MWp solar photovoltaic (PV) project proposed by LOGZ Atlantic HUB SA.

Portugal’s solar auction is attracting record low bids for the Iberian peninsula, let alone Europe. Portuguese newspaper Expresso claimed on Friday to have obtained information from companies involved in the tendering exercise that indicated significant chunks of the 1.4 GW of generation capacity on offer have been allocated for around €20/MWh (€0.02/kWh). Earlier this month, Portugal’s minister of the environment and energy transition, João Pedro Matos Fernandes, announced a ceiling price for the tender of €45/MWh. In an interview with domestic financial newspaper Sapo, the minister said he was aware average prices for solar in the region were around €55/MWh. In a southern European context, Greece recently allocated 143 MW of new solar generation capacity for €62/MWh. The Iberian peninsula, however, has attracted subsidy free solar projects in recent months at power prices as low as €27/MWh. Two types of offer Developers in the Portuguese tender could present two kinds of offer: one with a fixed price below €45/MWh and another with a variable tariff which includes a requirement to pay compensation to the electricity system, depending on spot market power prices. When a project price is higher than the market price, the Portuguese government will pay the project the difference. When the market price is higher, the project owner makes up the gap. According to Expresso, at least one 200 MW slice of capacity has been allocated under the variable tariff scheme at a price of €23/MWh and several other capacity allocations received bids for the fixed tariff scheme of around €20/MWh. The minister’s judgement in undercutting what was the average solar price will be proved right if the newspaper report is accurate. The solar auction was held on Thursday, Friday and yesterday. The final results are subject to jury approval, with an option for companies to hold a hearing if they wish to contest a bid. The results will be formally published by August 10, by the Directorate-General for Energy and Geology.

building and construction or in advancement and also spread in between Portugal, Spain as well as

Capital has actually obtained its very first property in Portugal, a solar PV project. Bought through its NextPower III from the developers Azimuth

has actually started the building of 4 solar farms in Portugal amounting to 86MW. Job is underway on the PV plants, which were granted in the 2019 public

projects in Europe and the Group overall is energetic across Spain, France, Portugal, German, Italy, the UK and the Netherlands. The new Group will have a 12GW

operate and also keep green hydrogen projects throughout Spain and also Portugal. It will certainly supply storage, transport, and delivery services to its

the acquisition of a 50% rate of interest in the 60MW Ourique solar farm in Portugal. Ourique is located in Alentejo as well as began operations in December

connected with industrial self-consumption and also power communities in Portugal as well as throughout Europe. The Swiss capitalist strategies to help Rewatt

generation market. Besides Italy, Greenvolt Next Holding exists likewise in Portugal, Spain, Poland, Germany and

complete gross renewable energy capacity to around 4.7 GW spread in between Portugal, Spain and also currently Brazil. Galp's goal is to have greater than 4 GW in

by 2024. The new contracts protected by the renewables arm of Energias de Portugal SA (ELI: EDP) represent 43% of the total designated capacity, which had a

Danish outfit Nordic Solar A/S said that its 48.5-MWp Insua solar farm in south-east Portugal awaits operations.

Europe. BNZ prepares to reach a mounted capability of 1GW across Italy, Portugal and also Spain by 2024, of which an initial 350MW remain in advanced