Portugal solar auction could lead to first Concentrated Solar Power plant

– Text: aicep Portugal Global
– Photo: pvproductions

Value-based bidding, favorable site conditions and Spanish engineering has carved a fresh opening for Concentrated Solar Power build, market experts told Reuters Events.

Portugal launched its delayed second solar auction last month, tendering for 700 MW of new capacity across 12 sites in Southern Portugal.

For the first time, the auction includes a new solar plus storage stream which could see Portugal build its first Concentrating Solar Power plant. Solar plus storage developers will compete against stand-alone PV projects on a net present value (NPV) basis to win 15-year guaranteed payment contracts.

Portugal is seeking storage capacity to supply evening peak demand and the NPV values are based on forecast market bid prices.

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