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Portugal auction claims lowest Wind LCOE ever for 1.1 GW

Local newspapers in Portugal and much of the industry press this week have made a big deal about its solar auctions beating all previous low price records for LCOE, with some of it rumored to be well under €20 per MWh. It is likely to be a while before all the successful bids are ratified, but one condition of the bidding was that there was a ceiling price of €45 per MWh. Reuters subsequently said only 1.15 GW was awarded. The plan had already fallen from 1.75 GW to 1.4 GW at the start of the auction. There were supposed to be offers up to 10 GW of capacity, but these may have been at rates that were too high.…

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