voltalia

Portugal's latest solar auction made headlines earlier this month as record-low negative bids were posted, with the results illustrating the value developers place on securing a grid connection and the strong potential they see in hybridising renewables assets.

Portugal’s first floating solar auction closed with a world record-low price, with utilities EDP and Endesa among the winning bidders, the country’s environment ministry has announced.

French renewables company Voltalia’s financial performance last year was boosted by the growth of its project development, construction and equipment procurement segment, as the company heightened its focus on developing solar PV.

French renewables developer and power producer Voltalia saw its annual electricity production reach a record high last year, with the company boosted by a 25% rise in installed solar capacity.

International renewables developers are rushing to secure projects in Brazil before the government takes away subsidies for new solar and wind farm installations next year.

Europe’s renewables sector stands well poised to deliver the huge scale of growth required to power a green hydrogen economy, but issues surrounding land and permitting will need to be tackled if the nascent sector is to fulfil its potential.

Agreement for new solar plants to power all French sites of retail multinational comes as European country eyes post-COVID renewable future, with 152MW in new rooftop tender awards.

French firm’s winning bid of €24.89/MWh is less than half the initial ceiling price and shows tenders’ ability to deliver public goods in ‘fantastically competitive and imaginative ways’, says EBRD.

Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.