Solar plus storage tender price in Portugal 2030

What does Portugal's energy storage tender mean for the energy transition?

Portugal’s government has announced the outcome of an energy storage tender that will see the installation of 500 MW of energy storage capacity to support the country’s energy transition. Energy storage battery. Photo by Anna Vasileva

How much does a solar farm cost in Portugal?

Solar farm in Portugal. Author: Hugo Cadavez. The ceiling price in the tender was EUR 41.54 and EUR 41.73 per MWh depending on the lots. According to the government, South Korean firm Hanwha Q Cells managed to secure six of the 12 lots, or 315 MW in total. About 483 MW of the awarded capacity will come with an energy storage element built in.

Can solar-plus-storage systems participate in the Portuguese 700MW auction?

Solar-plus-storage systems can participate, but will be remunerated on a fixed payment basis and will therefore not be able to take advantage of volatility and price spikes when stress events happen. How the three different ‘options’ for the Portuguese 700MW auction have been laid out.

Is energy storage more attractive in Portugal than in Spain?

The energy storage appears to be more attractive in Portugal than in Spain since the storage bids are granted a capacity payment in exchange for hedging the Portuguese electricity system against high market prices.

Will there be a solar auction in Portugal in 2021?

In Portugal, the Government intends to continue to hold solar auctions in the coming years, but there are still no dates for the new solar tenders in 2021. Even so, according to the goals outlined in the PNEC, the country aims to achieve a solar installed capacity of 6,6 GW in 2025, and 9 GW in 2030.

How much does a solar system cost in Portugal?

The Portuguese Government came into this auction expecting to obtain 33.5 thousand euros per MWh, but the winners ended up paying to 37.1 thousand euros per MWh to the system. Also, the World record for the lowest output price was broken once again with a bid of €0.0112/kWh. In Spain, the development of solar energy started earlier.