Despite a slow start to the year, BloombergNEF expects Portugal to install another 1,363 MW of solar by the end of 2023. The likelihood of that scenario seems to come down to how quickly projects from the record-breaking 2019-20 solar auctions go online, if they do so at all.
In the second week of May, the solar photovoltaic energy production registered a record maximum hourly value in Portugal, adding to the streak of records for this technology in Europe during 2023. In the electricity markets, the prices remained stable with an upward trend, except in the MIBEL and the Nordic markets where the prices decreased. Zero price hours were registered at the weekend in the MIBEL market and negative ones in the Netherlands. Gas futures registered the lowest price since July 2021.
Researchers from the University of Évora have concluded in a study that the installed capacity of floating solar systems can exceed the 7 GW target defined in the country’s National Energy and Climate Plan 2030.
The European Commission has informally approved Portugal and Spain’s request to extend the so-called “Iberian exemption” mechanism. The measure, which limits the price of natural gas for electricity production, was originally scheduled to end in May, but it will now run until the end of the year.
GoodWe will supply 164 250K-HT inverters and 6 sub-stations for the Boidobra solar plant, a 43MW Prosolia Energy facility located in Covilha, Portugal. GoodWe has signed an agreement to become a supplier for Lantania, an infrastructure, water and energy company in charge of executing the works for Prosolia.
The new large-scale plant Pessegueiro is located in Pinhal Novo, Palmela (Portugal) close to Lisbon and will produce around 126,500 MWh of renewable electrical energy per year, which is enough to cover the annual power supply of a city with 26,000 homes.
The isolation of Portugal’s electrical grid is hindering the growth of renewables, according to GlobalData’s latest report. Storage will play a pivotal role if the country hopes to achieve its solar and renewable installation goals, it says.
The European Commission has decided to refer three member states to the Court of Justice of the European Union (CJEU) for failing to turn the EU Renewable Energy Directive into national legislation. The commission is now requesting financial sanctions.
Portugal’s cumulative PV capacity hit 2.59 GW at the end of 2022, outpacing the growth of other renewable energy sources. The country failed to meet its own installation predictions, likely because some large-scale projects awarded in the 2019 and 2020 auctions ended up missing their commissioning deadlines.
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