Portugal

The Portuguese government has raised its 2030 solar target by 11.4 GW. It now hopes to cover 85% of its electricity mix with renewables by the end of the decade.

Observatório Fotovoltaico is mapping PV projects across Portugal, with information on installation size, year of commissioning, exploration type, and developer. The free tool already includes around 1,000 projects, corresponding to 60% of the country’s total installed capacity.

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.

South Korea is opening what it claims is the world’s first hydrogen power generation bidding market, while the International Energy Agency says that Omani hydrogen production could surpass current European consumption levels.

Pexapark says power purchase agreement (PPA) prices are falling in Europe, with prices in Spain and Portugal down by 6.4% and 6.2% to €40.90 ($43.99)/MWh and €39.60/MWh, respectively.

Portugal will auction off five projects with a combined capacity of 4.5 MW. They require a total investment of around €4.3 million ($4.6 million).

The Portuguese company Metalogalva, which produces metal structures for the photovoltaic industry, has announced the opening of a factory in Memphis, Tennessee, with an investment of $6 million.

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.