This session will feature the Secretary of State for Energy for Portugal who will update the audience on the government's plans and next steps for the sector. After a number of solar PV auctions, an auction to include energy storage and a floating auction with results expected in the spring of 2022, what else can investors expect from the Portuguese government to enable the continued growth of the sector?
The Portuguese solar market has seen steady growth in recent years with regular auctions promoting solar PV as well as energy storage and floating solar. This session will give attendees an in-depth overview of what to expect in Portugal in 2022/23.
The EU recently published its ‘Fit for 55’ climate plan, updating its Renewable Energy Directive to increase the overall binding target from 32% to 40% renewables in the bloc’s energy mix by 2030. More recently, the lens has been focused on energy security as well as decarbonisation. To get to where we need to be by 2030 will require a huge effort from both public and private sector and the industry will have to overcome some barriers to see deployment scale up to where it needs to be:
France’s total installed renewables capacity is projected to grow by 55% during 2021-2026, with solar accounting for over a quarter of this growth.
Traditionally, renewable sources have been helped in the market by an array of government subsidies, tax breaks or mandates; the idea was to help the solar market mature and then remove its stabilizers. However, a major driver in some markets is now PPAs, this session will shed light on how
Floating solar systems are becoming increasingly commonplace across Europe. As a tool which enables developers to build on open waters and large reservoirs, this nascent part of the industry provides an effective solution to harnessing the power of the sun and water.