Average winning solar bids in Spain’s renewables auction this week came in above those for wind as interest among PV bidders faltered against a backdrop of rising equipment costs and regulatory uncertainty.
EDP, Iberdrola and BayWa r.e. are among the signatories of a new charter that calls on Europe to “accelerate and massively deploy” additional renewables capacity to support the continent’s green hydrogen ambitions.
EDP will focus on North America to ramp up its solar capacity in the next five years as part of a new strategic update that will see the Portuguese utility target more than 50GW of renewables additions by 2030.
There exists a significant opportunity for developers to capitalise on Portugal’s upcoming solar auction to deploy floating PV on the country’s reservoirs, according to panellists speaking at the Solar Finance and Investment Europe online event.