Successful bid price of rooftop solar storage project in Portugal 2026

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.

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

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.

Does Portugal have a solar potential?

While Portugal’s revised National Energy and Climate Plan (NECP) and Long-Term Strategy for Carbon Neutrality (LTS) have raised targets for decentralised solar photovoltaic (PV) capacity, they remain below the country’s solar potential.

Who won a solar project in Abu Dhabi?

Other winners included Tag Energy, Iberdrola and Enel, with the majority of the lots including battery storage. 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.