Portugal’s second PV auction draws world record low bid of $0.0132/kWh


Although Portugal’s second solar energy auction is not expected to be finalized until tomorrow, financial newspaper Expresso has revealed the 700 MW procurement round secured a world record lowest bid of €0.0112/kWh ($0.0132).

If confirmed, that price would be $0.0003 lower than the $0.0135/kWh bid submitted by French energy group EDF and China’s JinkoPower in a 2 GW tender held in Abu Dhabi, which was cofirmed in July.

Portugal’s first solar auction, last summer, saw the Directorate General for Energy and Geology allocate 1.15 GW of solar generation capacity – less than the 1.4 GW originally planned despite the exercise being oversubscribed. That procurement round delivered a solar electricity price tariff of €0.0147/kWh, marking a new world record for that time.

More details on the second auction will be provided as soon as the official results will be announced.

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*This article was amended on 24/08/20 to reflect the auction’s reported lowest price would be $0.0003 lower than the $0.0135/kWh bid in Abu Dhabi’s auction and not, as previously reported, $0.002 lower.


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