Portugal Bags Lowest-Cost Solar Bid In The World

The Portuguese energy secretariat has secured 1.15 GW of solar development at an average cost of €20.33 ($ 22.53 per megawatt-hour), representing an investment of about €800 million or $ 887 million. One of the bids was made at €14.76/MWh ($ 16.44/MWh), which was declared a new world record for low solar bidding, according to Portugal’s Journal Económico