Portugal has drawn in 10 GW of bids for its second solar auction, almost 10 times the capacity of the 1.4 GW tender. The 64 projects vying for 24 auction lots are just the finalists of 300 submissions made earlier in the month as the country aims to increase solar capacity from 572 MW in 2018 to 1.6 GW in 2021 and 8.1-9.9 GW by 2030. The auction will have a ceiling price of €45 ($50.67) per MWh, but strong interest will likely push the figure down significantly. Meanwhile, a separate 50-100 MW energy storage tender will follow in 2019.
Portugal has drawn in 10 GW of bids for its first solar auction, almost 10 times the capacity of the 1.4 GW tender. The 64 projects vying for 24 auction lots are just the finalists of 300 submissions made earlier in the month as the country aims to increase solar capacity from 572 MW in 2018 to 1.6 GW in 2021 and 8.1-9.9 GW by 2030. The auction will have a ceiling price of €45 ($50.67) per MWh, but strong interest will likely push the figure down significantly. Meanwhile, a separate 50-100 MW energy storage tender will follow in 2019.