Portugal offers remuneration boost to solar auction winners – Policy

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New guidelines for the photo voltaic sector have gone into pressure in Portugal. In line with Regulation 72/2022, the builders that received Portugal’s photo voltaic auctions in 2019, 2020 and 2021 will see their remuneration go up consistent with inflation.

In 2019, French developer Akuo received a undertaking with a photo voltaic tariff of €0.0147 ($0.014)/kWh. This marked a brand new world report on the time. In 2020, the report was damaged once more, with a profitable bid of $0.0132/kWh.

The Portuguese authorities will even introduce a 12-month extension of the interval through which chosen tasks can promote electrical energy at spot market costs, as an alternative of the awarded tariff. The regulation says that the “financing of those tasks was unfeasible,” because of the conflict in Ukraine, the shortage of uncooked supplies, rising gear costs, and international inflation.

Different measures launched promise to hurry up photo voltaic installations within the nation. The licensing of tasks will likely be simplified, with tasks under 1 MW of capability to be exempted from licensing choices. As a substitute, they are going to solely be topic to a management process on the municipal stage.

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Tasks greater than 1 MW will not must submit development feasibility research. Undertaking house owners ought to obtain solutions inside eight to 30 days after the submission of paperwork. The native authorities will even be compensated at a fee of €13,500 per megawatt of photo voltaic put in of their space. The federal government’s environmental fund pays for the motivation from Jan. 1, 2023.

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