Successful bid price of solar storage inverter project in Portugal 2026

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 auction cost in Portugal?

Portugal’s second solar auction has closed with record-breaking low prices of €11.14/MWh (US$13.12), or US$0.0131/kWh, the country’s government announced yesterday. Of the 700MW available for auction, 670MW was awarded, with Hanwha Q CELLS winning half of the 12 lots with bids that included battery storage.

How much solar PV will Portugal deliver by 2022?

As for Portugal, the company is on track to deliver almost 20 MW in aggregated solar PV capacity by the end of 2022, and believes it is “in a strong position to triple this volume by rear end 2023,” Pinto concluded. This content is protected by copyright and may not be reused.

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.

What is the lowest bid for a solar project?

The lowest bid falls below the previous solar industry record tariff of US$0.0135/kWh set by the Al Dhafra project in Abu Dhabi in April. 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.