Agência para o Investimento e Comércio Externo de Portugal


Portugal’s recent PV auction marks a new era of battery storage for the country, says UK consultancy Everoze. It notes that the auction was so competitive that the winners had to cut their expected remuneration in the solar+storage category to negative values. It claims that the real winner is the government, as it is maximizing the value of scarce grid capacity, and argues that the auction could become a benchmark for nations with limited grid space.

The Portuguese government has revealed preliminary results from the nation’s second solar auction. It allocated 670 MW of solar capacity, instead of 700 MW, as initially planned, with the auction drawing the world’s lowest bid for a large-scale PV project at €0.01114 ($0.01316)/kWh.


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