The First Portuguese Floating Solar Auction

After a public announcement session held on November 24, the first Portuguese Floating Solar Auction launched last Friday and includes 7 lots with capacity from 8 MVA (Salamonde) to 100 MVA (Alqueva), in a total of 263 MVA. The auction is two folded as it comprises the allocation of:

• Reserve capacity for injection into the grid; and
• Private use titles over public water domain of the seven reservoirs dams that make up the auction lots.

This auction is organized in three phases:

• Eligibility phase: From January 29, 2022 until March 2, Promoters shall first register in the online platform https://leiloes-renovaveis.gov.pt/ and provide basic corporate information regarding to the company bidding for the auction and its legal representative, as well as a provisional deposit in the amount of 10.000€/MW calculated in accordance with their bidding intentions;