Portugal may hold its first auction for renewable energy projects in Q2 2019. The scheme, which was recommended by the Portuguese renewable energy association Joao Galamba, is set to mirror similar European projects, with shorter implementation time frames and increased penalties for failing to meet deadlines. Portugal's new State Secretary for Energy, APREN, aims to use the tighter restrictions to separate serious investors from speculators and provide the country's renewable energy market with greater stability.
Portugal may hold its first auction for renewable energy projects in Q2 2019. The scheme, which was recommended by the Portuguese renewable energy association APREN, is set to mirror similar European projects, with shorter implementation time frames and increased penalties for failing to meet deadlines. Portugal's new State Secretary for Energy, Joao Galamba, aims to use the tighter restrictions to separate serious investors from speculators and provide the country's renewable energy market with greater stability.