Reports: Portugal solar auction attracts record low bids

Michael Holder
clock
If the bids are confirmed it would set a new record low price for solar in Europe
Image:

If the bids are confirmed it would set a new record low price for solar in Europe

Bids to build utility-scale solar projects in the country have come in as low as €20/MWh, which would deliver some of the lowest priced power in the world to date

Record low bids for solar PV contracts in Portugal have been posted at around €20 per megawatt hour during current auctions to build out 1.4GW of new solar capacity, putting the country on course to achieve...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Solar

Anesco is one of the firms that has delivered battery storage to the industry in recent years | Credit: Anesco

UK battery storage sector requires £20bn boost by 2030, analysts say

Government should work to focus nearly a fifth of total energy technology investment on energy storage, Cornwall Insight modelling shows

clock 13 May 2022 • 2 min read
Octopus Energy backs Morocco-UK solar link project

Octopus Energy backs Morocco-UK solar link project

Deal with developer Xlinks could see clean electricity from North Africa power up to seven million UK heat pumps

James Murray
clock 12 May 2022 • 2 min read
The three new solar farms are located across the midlands. (Credit: Vodafone)

Vodafone pens 10-year deal with major UK solar energy project

Firm commits to buy 55GWh a year from Centrica-backed solar farms as part of power purchase agreement

clock 12 May 2022 • 2 min read