Successful bid price of office building energy storage project in Portugal 2026

How much does Portugal pay for energy storage projects?

With this in mind, the Portuguese Ministry of Energy announced on July 31 that it was awarding €99.75 million to a call for tenders for the installation of energy storage projects totalling 500 MW. Eligible projects can receive up to €30 million and be implemented at the transport and distribution level by the end of 2025.

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

Does Portugal support battery energy storage projects?

Portugal has awarded grant support to around 500MW of battery energy storage system (BESS) projects, using EU Recovery and Resilience Plan (RRP) funding, a bloc-wide scheme that has supported energy storage across the continent.

How much will Portugal spend on energy storage and grid flexibility?

The Portuguese Ministry of Energy has allocated EUR 100 million ($108 million) for grid flexibility and energy storage projects which should be installed by the end of 2025. Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production.

Does Portugal need energy storage?

Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million in a bid to support 500 MW of energy storage projects.

What is the lowest PV bid in Portugal?

It also comes in around 25% lower than the lowest bid in Portugal’s first PV tender last year, which was €14.76/MWh and at the time itself a record. Held on 24 and 25 August, the latest auction was for lots in Portugal’s southern regions of Alentejo and Algarve. Originally due to take place in spring, it was delayed due COVID-19.