Spain, Portugal to lead renewables in Europe, says Rystad
Norwegian consulting firm Rystad Energy has described the Iberian Peninsula as “a new European energy powerhouse.” It expects Spain and Portugal to reach 79% renewables in their combined electricity mix by 2030.
Portugal solar auction reportedly attracts €20/MWh bids
When the minister of environment and energy announced a ceiling tariff of €45/MWh, analysts speculated the price would be too low as it undercut average bidding prices in the region. Preliminary, unconfirmed results of the exercise show, however, companies are happy to bid for two-cent solar in Europe.
Portuguese 1.4 GW solar tender with €0.045/kWh ceiling receives 10 GW of applications
Despite a demanding ceiling price of €45/MWh the tender has received applications for projects with seven times the generation capacity it will allocate.
