Just as in Spain, where the first solar private PPA was signed in mid-December, the private PPA market is becoming one of the best options for developers of large-scale solar projects on the Iberian peninsula, as the existing design of the spot market rarely guarantees the profitablity of big solar power infrastructures. Portugal 's Directorate General for Energy and Geology ( Portugal ) has approved six unsubsidised solar projects with a combined capacity of 229 MW and an aggregate investment of € ##100 m ( $ 183 m ) . They are the latest in a series of unsubsidised schemes , which are created without direct public incentives , to be given the green light . The Portuguese government 's 10-year plan to overhaul and improve the electric power network is currently under public consultation , and will see all energy projects , including renewables , relying on the spot markets to sell their power , a practice the local energy sector has said is " unviable " .
Portugal 's Directorate General for Energy and Geology ( Portugal ) has approved six unsubsidised solar projects with a combined capacity of 229 MW and an aggregate investment of € ##100 m ( $ 183 m ) . They are the latest in a series of unsubsidised schemes , which are created without direct public incentives , to be given the green light . The Portuguese government 's 10-year plan to overhaul and improve the electric power network is currently under public consultation , and will see all energy projects , including renewables , relying on the spot markets to sell their power , a practice the local energy sector has said is " unviable " .