Covid-19 weekly round-up: Differing opinions on energy storage fall-out, a trade show update and some surprisingly positive financials
Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.
Portugal’s 700 MW solar auction ten times oversubscribed
Minister of the environment and climate action, João Pedro Matos Fernandes, announced the development and revealed nine of the ten lots tendered include energy storage.
Portuguese auction attracts world record bid of €14.8/MWh for solar
The stunning low tariff is a third world record in five weeks. Solar prices continue to tumble and with a Saudi auction concluding tomorrow, the Iberian benchmark could be short-lived. The official result of the Portuguese tender will be announced August 10.
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.
Legislative amendments pave way for Portugal’s 1.35 GW solar auction
The Portuguese government has approved legislative amendments that it says will facilitate its plans to auction off 1.35 GW of solar capacity this summer. The Portuguese energy minister, meanwhile, said that the government hopes to see €6 billion of investment in solar by 2030.
Portugal to hold first solar auctions in June
The announcement was given by the country’s Minister of Environment and Ecological Transition, Matos Fernandes. Two kinds of auction will be held for PV: for large-scale projects granted a feed-in premium tariff, and for smaller installations including rooftop awarded a fixed tariff.
