Portugal installed 890 MW of solar in 2022
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.
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.
‘Portugal’s bid of €0.01470/kWh is not the price of PV’
Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.
