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Neoen confirms French, Portuguese solar auction wins

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Neoen confirms French, Portuguese solar auction wins

Neoen SA was awarded a series of solar power projects with a combined peak capacity of 88 MW in two separate European renewable power auctions recently, the company has confirmed.

First, it was awarded a 43-MW collection of ground-mounted solar in France — a combination of five solar farms in the départements of Charente, Indre-et-Loire, Haute-Garonne and Landes — in a tender run by the French government. The projects are due to enter service in 2021, according to a company release.

It was also awarded a 65-MW solar plant in a recent bidding process in Portugal. The project will be located in Rio Maior, 70 km north of Lisbon, with construction expected to start in 2021 and commercial operations slated for 2022, according to a separate press release issued Aug. 12.

The Portuguese project has a 15-year power purchase agreement with the government at a noninflated price of €23.47 per MWh — one of the highest awarded prices in the auction, Neoen said.