Deal announced in January to become Iberia’s ‘largest solar power player’ by sponsoring 2.9GW portfolio will go ahead despite slashing expenditure as COVID-19 sends oil prices crashing.
Country is ‘ready to go’ but will hold off until the crisis subsides, state secretary João Galamba tells PV Tech as he confirms details of tender designed to offer storage a fighting chance.
Recent buyer of 2.9GW solar portfolio in Spain means to go further with plans to allocate up to 15% of investments in renewables in Iberia and other markets.
Hiring of French firm by Swiss investor Smartenergy will pave way for construction of three PV plants in Southern European hotspot, set to launch new PV-only auction next month.
Iberian operators tell London event they worry adoption of Lisbon’s solar auction design by neighbour Spain could entrench model producing prices developers ‘cannot survive’ on.
CEO of Portugal’s renewable energy association APREN on whether Iberian nation can reach 8.1-9.9GW of PV by 2030 and why subsidy-free will require playing ‘different game’
Oil major’s deal with ACS Group to amass massive pipeline in Spain marks the latest boost for the country, said by regulators to have nearly doubled PV capacity in a single year.
Government tells PV Tech 700-800MW new solar tender is expected to launch in late March 2020 and will feature third bidding option for projects proposing energy storage element.
