Records fall, market stalls

The solar industry sat up and took notice when Portugal held two record-breaking national PV auctions in 2019 and 2020, setting new global low prices for solar energy. However, sluggish progress on those much-heralded projects is now weighing on the nation’s clean energy ambitions.

Issue 07/08 - 2023 | Beyond solar

The Ricardo Totta project in southern Portugal was completed in October 2021, and sells power via a PPA with Spanish company Audax. Projects tendered in Portugal’s 2019-20 auctions have faced delays due to rising prices along the PV supply chain.

Photo: Caparica Solaris/João Garrido

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