Portugal to hold 1.75GW solar auction in mid-2019

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The push for solar growth comes as appetite for Portuguese PV builds among foreign players (Credit: WElink)

The Portuguese government has confirmed to media outlets it will arrange a 1.75GW auction for solar power in June or July, a move meant to drive an exponential surge of the industry within a decade.

João Pedro Matos Fernandes, minister for Environment and the Energy Transition, told Reuters the government will disclose by March or April the terms of an auction that will let smaller developers set a guaranteed price.

Matos Fernandes, part of the socialist government of Portuguese primer António Costa since 2015, said the plan is to “deliberately bet” on promoting the solar industry. Only central Turkey can compare in Europe with the solar potential of the Algarve and Alentejo regions, the minister told the outlet.

The move comes as Portugal works to breathe new life into still-dormant PV sector, which according to government figures only supplied 1.5% of the national energy use in 2018, far behind wind’s and hydro’s (23% each).

The government’s roadmap foresees a tripling of installed capacity from 572MW in 2018 to 1.6GW by 2021. Between that year and 2030, the target soars to a far more ambitious 8.1GW-9.9GW goalpost.

Preparations are already being made to help integrate increasingly prevalent renewables. A €474m grid expansion plan was adopted by energy regulator ERSE last year, while interconnections with the rest of Europe and Morocco are seen by the government as a must-have going forward.

On the ground, in parallel to the government’s work, the appetite for Portuguese PV is steadily rising among foreign investors and developers.

Over the past two years alone, deals have been witnessed including Aquila’s acquisition of a 170MW pipeline, Reden Solar’s purchase of a 50MW portfolio, as well as the takeover by Allianz Capital Partners of a raft of zero-subsidy projects developed by WElink in Portugal and Spain. Developer BayWa r.e. recently told PV Tech it may follow suit, and consider Portuguese opportunities from its new Madrid office.

The success and struggles of Portuguese PV as it embraces the subsidy-free approach will take centre stage at the Large-Scale Solar Europe 2019 conference, set to take place in Lisbon on 26-27 March.

Read Next

July 26, 2021
Oil and gas giant Eni has acquired 1.2GW of Spanish renewables from Madrid-based European private equity manager Azora.
July 21, 2021
At least 455GW of new solar PV capacity will need to be installed each year by the end of this decade for the world to reach net zero status by 2050, new analysis by BloombergNEF (BNEF) has found.
July 19, 2021
Merchant solar and projects backed by power purchase agreements (PPAs) drove ground-mounted PV deployment in Spain last year, as the country installed its second-highest yearly amount of 2.8GWp, new figures from trade association UNEF reveal.
PV Tech Premium
July 15, 2021
Earlier this week the US National Renewable Energy Laboratory (NREL) published its 2021 Annual Technology Baseline (ATB) document, detailing the continued reduction in the levelised cost of electricity (LCOE) of the country’s core generators. Liam Stoker takes a look at the data and discusses just how cheap solar, and solar-storage, could become.
PV Tech Premium
July 12, 2021
BP’s Statistical Review of World Energy 2021, published late last week, highlights how the world’s energy systems are changing at rapid pace, but equally illustrates how that pace of change must accelerate across the world if established economies are to meet net zero targets. Liam Stoker looks at the key takeaways from the report.
July 12, 2021
Investor confidence in the Australian clean energy market has been dented by “unhelpful and unpredictable” government interventions.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK