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PPA market to boost solar deployment in Spain and Portugal alongside auctions
Image: X-Elio.
While recent solar auctions in Spain and Portugal have made headlines with low prices and high levels of participation, the power purchase agreement market will be key to helping both countries reach their 2030 solar deployment targets, it was suggested during a panel discussion.
Participants in a discussion during this week’s
PV Tech publisher Solar Media, compared both countries’ solar auction mechanisms and how the results are impacting deployment.
Spain’s national energy and climate plan will see it target 39GW of installed PV capacity by 2030, while Portugal’s is aiming for 9GW. Only part of the capacity to be awarded through auctions, so the PPA market and other alternative markets “will be essential” to meeting those deployment goals, said Manuel Cabrerizo, partner at renewable energy financial advisory firm Voltiq.
European solar returns continue to fall, but can banks, governments and grids ease risk concerns? pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org Daily Mail and Mail on Sunday newspapers.
Value from co-located solar-storage likely to shift from grid services to energy arbitrage
Image: Andreas Gücklhorn (Unsplash).
As energy markets continue to adapt and grow, energy arbitrage could overtake frequency markets as the key revenue stream for many co-located solar plus storage projects.
Speaking as part of a panel session at this week’s
PV Tech publisher Solar Media, Aurora Energy Research principal Benjamin Collie noted that there are benefits to investors of holding solar and storage within their portfolios given the complimentary profiles.
“You might have a future with really low price volatility, which could happen if you have, for example, a lot of smart charging electric vehicles on the grid,” Collie suggested. “Or if you have a lot of demand side response or other types of flexibility.