Portuguese First 2020 Solar Auction

Today, the Portuguese Energy Secretary of State announced in an online session that the first 2020 solar auction will be, on the whole, similar to the 2019 solar auction. Despite the announcement, there is no date for the auction's launch, due to the Covid-19 pandemic's effects on the market.

The injection capacity to be auctioned will be of 700 MW, all in the Alentejo and Algarve areas.

The promoters may apply to the following remuneration schemes:

• a market scheme without storage where the promoters bid for a contribution made to the National Electric System ("SEN"), in €/MWh. The Promoters available to pay larger contributions will be awarded with the capacity title;