Portugal’s second PV auction draws world record low bid of $0.0132/kWh

According to Portuguese financial newspaper Expresso, the lowest winning bid of the procurement exercise was €0.0112 ($0.0132)/kWh. This is slightly lower than the $0.0135/kWh bid submitted by French energy group EDF and China’s JinkoPower in a 2 GW tender held in Abu Dhabi.

Although Portugal’s second solar energy auction is expected to be finalized tomorrow, the Portuguese financial newspaper Expresso has anticipated that the procurement exercise’s lowest bid reached a world record price of €0.0112 ($0.0132)/kWh.

If confirmed, this price would be currently by $0.002 lower than the $0.0135/kWh bid submitted by French energy group EDF and China’s JinkoPower in a 2 GW tender held in Abu Dhabi in July.

The nation’s first solar auction, last summer, saw the Directorate General for Energy and Geology allocate 1.15 GW of solar generation capacity – less than the 1.4 GW originally planned despite the exercise being oversubscribed. That procurement delivered a solar electricity price tariff of €0.0147/kWh, marking a new world record for that time.

More details on the ongoing second auction will be provided as soon as the official results will be announced.

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