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Amid the Covid-19 outbreak, Portugal has decided to postpone its 700MW solar energy licensing auction until the market stabilises.
According to analytics company GlobalData, the delayed auction is a result of market unpredictability and may not be rescheduled until the pandemic subsides.
Somik Das, Power Analyst at GlobalData, said: The fate of the auction depends on investor interest and confidence, which will largely depend on the successful implementation of projects subscribed under last year’s auctions.
With a proper plan of action in place, the nation may manage to abide by the 2030 targets it had initially set.
