German group WiNRG completed three of the six projects totaling 205 MW that it is currently building in Portugal.
The Portuguese and Dutch governments want to connect the hydrogen project of Sines to the Port of Rotterdam and to develop a strategic export-import value chain to ensure the production and transport of green hydrogen to the Netherlands and its hinterland.
The EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.
Portugal’s recent PV auction marks a new era of battery storage for the country, says UK consultancy Everoze. It notes that the auction was so competitive that the winners had to cut their expected remuneration in the solar+storage category to negative values. It claims that the real winner is the government, as it is maximizing the value of scarce grid capacity, and argues that the auction could become a benchmark for nations with limited grid space.
The Portuguese government has revealed some of the preliminary results of the national solar auction which closed on Tuesday. Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, said that the 15-year contracts awarded in the auction were the key to understanding the reason of such a low price. This, combined with the rights for land and grid connection guaranteed by the auction, makes attractive bidding at low prices.
The South Korean solar panel maker secured around 300 MW of the 700 MW awarded in the procurement round. The other winners are reportedly Spanish power company Iberdrola, Italian peer Enel and French-owned developer Tag Energy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.