A bird's eye view of what a floating solar power plant looks like

12 companies bid in Portugal’s floating solar farm auction

The auction for installation and operation of photovoltaic plants on seven dams in Portugal received 12 competing projects, environment minister João Pedro Matos Fernandes told Jornal de Negócios today.

The deadline for submitting applications ended on Wednesday at 23:59, with the period for receiving proposals having run since January 29.

According to the schedule sent to Lusa, bidding will take place on 4 April.

The government will auction the exploration of 263 megawatts (MW) of solar energy in seven dams, of which 100 are in Alqueva, the “largest floating solar project in the world,” according to secretary of state for energy, João Galamba.

According to the published order, in the Tagus hydrographic region, 50 MW will be auctioned in Castelo de Bode; 33 MW in Cabril; 42 MW in Alto Rabagão in the north, 17 in Vilar-Tabuaço, 13 MW in Paradela and 8 in Salamonde.

Matos Fernandes also clarified that the domain title of the auctions “is for 30 years,” and that therefore “production can happen for 30 years,” albeit the auction contract “is for 15 years.”

“Whoever bids, for 15 [years] produces electricity under the conditions that result from the auction. Then they have the other 15 years to produce in the normal market regime,” he said.