Winners, price of Portugal’s record auction for floating PV – pv magazine International

EDPR, Finerge, Voltalia and Endesa were among the winners of Portugal’s latest renewable energy procurement exercise, in which 163 MW of floating photovoltaic capacity was allocated.

Since pv magazine Spain

Portugal this week awarded 183 MW of renewable energy capacity in an auction for floating photovoltaic projects. About 56% of the capacity was allocated under the contract for difference regime (103 MW), and the rest under the national electricity system compensation regime (80 MW).

In a statement, Portugal’s Ministry of Environment and Climate Action says it expects an average electricity price of €0.041025 ($0.045)/kWh from the auction.

There were two fixed price lots in the auction. One lot closed with a price of €0.04103/kWh and another at the lowest price in the world, with a value of -0.0413 €/kWh – a 110% discount on the initial ceiling price set by the government. The bid was submitted by EDP Renewables (EDPR), the renewable energy unit of Energias de Portugal (EDP), whose main shareholder is state-owned China Three Gorges.

Most of the remaining lots were awarded as part of the national electricity system compensation, under which a weighted average contribution of around €47,400 per MW/year was achieved. This remuneration offers compensation expressed in euros per megawatt and per year which will be paid to the network operator for the rights to connect to the network.

In addition to EDPR, Endesa Portugal – the Portuguese unit of Spanish energy company Endesa – announced on Monday that it had won lot four, the third largest in the tender. The project in Alto Rabagão, Vila Real, will have to wait until 2023 to start operating. It is a 42.5 MW floating solar power plant that will be bundled in a project with 48 MW of wind energy and 16 MWh of battery storage.

The Portuguese company Finerge won lots five, six and seven, which correspond respectively to the Paradela (13 MW), Salamonde (8 MW) and Vilar-Tabuaço (17 MW) reservoirs. Lot seven, from Tabuaço, was the most contested, with 24 rounds. It was also the last to be completed of the entire auction. Finerge said photo magazine the prices for each lot were 4 k€/MW/year for lot five, 8 k€/MW/year for lot six and 103 k€/MW/year for lot seven, all for periods of 15 years.

“Since only six lots were actually contested (because lot two has yet to be awarded), Finerge won 50% of the lots, or the total of those offered,” a company spokesperson explained. .

Finerge currently has 68 wind farms and 17 solar power plants in operation. It has nearly 1 GW under development, between Portugal and Spain, in addition to 38 MW of new floating solar power plants.

The French Voltalia also won one of the lots in the call for tenders. The Cabril project, in Sertã, will have an installed capacity of between 33 MW and 40 MW, depending on the final optimization of the project. It should be operational no later than 2026.

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