Akuo wins 370 MW in Portugal's PV tender with a record-low bid

12/08/2019 09:00 Solar


French renewable power producer Akuo Energy SAS confirmed on Thursday it had been awarded 370 MW of solar photovoltaic (PV) capacity in Portugal’s recently held tender.

The company, through its domestic arm Akuo Renovaveis Portugal Lda, secured the largest amount of capacity with three projects of 150 MW, 120 MW and 100 MW, respectively. It also placed the record low bid of EUR 14.76 (USD 16.53) per MWh for its 150 MW project, bidding at a 67% discount to the ceiling price of EUR 45.


Overall, the tender attracted 64 bidders, of which 13 won contracts for a total of 25 projects  with 1,150 MW of combined nominal power. Most of the bidders or 862 MW of the total awarded capacity, opted for the guaranteed remuneration regime (fixed price), while the remaining will receive payments at a variable tariff.

Source: renewablesnow.com

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