The Portuguese auction attracted a world record 14. 8 euro MWh solar minimum bid

Solar photovoltaic webex: that's almost the official results. Portugal in its latest generation capacity procurement auction attracted the lowest in the history of solar electricity price offer & ndash; — 14. 8 euros/MWh ( Is 0. 0148 euros / 0. $016 per kilowatt hour) 。

about 1 in Portugal. 4 gw of solar power capacity of the three days of the auction ends on Monday, the national environmental and energy minister Joã O Pedro Matos Fernandes in public radio RTP, announce the results.

Expresso according to Portuguese newspaper reported on Friday, most of the power generation capacity of the low bid to 20 euros/MWh. Government officials declined to comment at the time, because the auction is still in progress.

however, at the end of the last offer, a minister was glad to share the preliminary results, perhaps because only a few weeks ago, ms fernandez set for 45 euros/MWh bid price caps and criticized, because some analysts think the price is too low. The minister said 1. Gw 4 auction attracted 10 gw project application, and he thinks that the competitive level will significantly reduce the price ceiling.

winning bidders must entrust construction solar projects within 36 months. But 14. The price of 8 euros/MWh, if developers want to achieve in 3 years will be a problem, or will prove to be a speculative price. This price is only shows the solar energy prices. Portugal tender reported 20 euro/MWh bid confirmation seemed so low price will become the new normal.

in the early, the recent A - Brazil 4 renewable energy auction, 211 mw of installed photovoltaic achieved record-breaking 0. Bid of $0175 per kilowatt-hour. The project to replace the only project in Los Angeles at less than a week ago in Brazil two cents directrix MW facilities become a record low, although the world title for which there is a dispute. Tomorrow, photovoltaic (pv) is likely to witness another world record, Saudi Arabia for the bigger one. 4 gw capacity of one part of the tender.

211 mw capacity including Brazil and five 30 mw output of the project and the capacity of a 61 mw facilities. This combination of smaller projects attracted 64. 99 reais/MWh ( 16. $88 / MWh) Offer, the average price for 67. 48 r/MWh, broke the magical solid barriers of 2 cents per kWh.

sceptics note that two related record project will take at least half of the electricity sold in Brazil free electricity market & ndash; — Mercado Livre de Energia Elé Ctrica, power suppliers and off-take here for electric power trade, regardless of the interchange fees of auction set. A world record price may only be applied to each project for the controlled power trade market head Regulado DE Energia Elé Ctrica part of generating capacity.

Portugal is may also be similar. Developers may give two bid: one is less than 45 euros/MWh fixed price, the other one is including need to pay compensation according to the spot market price to the power system of variable rate. When the project price is higher than the market price, the Portuguese government will pay the difference to the project. If the market price is higher, the project owner to make up the difference. The second option lets developers become more speculative, because they can get the government to provide a floor price for guarantee.

, according to a report in the Expresso Portugal at least 200 mw generating capacity allocation in 23 euro/MWh variable rate plan, other accepted about 20 euros/MWh flat-rate plans.

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