Q CELLS Awarded 315 MW Solar Capacity in First Solar Storage Auction in Portugal

total of 315 MW of new solar and storage capacity will be developed by Q
CELLS in Portugal, after the company secured half of the 12 allocated
lots in the 700 MW auction round.

PVTIME - Q CELLS, a renowned total energy solutions provider in solar, energy storage, downstream project business and energy retail, has secured the rights to connect 315 MW of new solar and storage capacity in Portugal’s second solar auction.

The bidding
phase of this latest Portuguese auction took place between August 24-25,
with Q CELLS winning half of the 12 available lots. A total of 700 MW
capacity was tendered, and for the first time in Portugal companies were
invited to lodge bids with a storage component included.

Each of
the six solar that Q CELLS will develop, build and connect to Portugal’s
electricity grid will combine solar with a storage system. These
projects will all be developed in Portugal’s Alentejo region, with two
arrays in Ourique of 109 MW and 99 MW capacity respectively; a 50 MW
project in Ferreira do Alentejo; and three 19 MW projects located in
Beja, Vale do Gaio, and Porteirinhos.

Grid connection of all six
projects is expected to be completed in June 2024, with Q CELLS
developing the projects according to the auction deadlines outlined by
the Portuguese government.

Sky-high solar ambitions

Each of Q CELLS' six successful bids were won with solar+storage scheme based on

long experience and deep expertise not only in solar downstream
projects but also in energy storage. Q CELLS secured the grid capacity
in return for paying a set yearly price-per-capacity to the Portuguese
national grid operator for 15 years. Thanks to the flexibility offered
by coupling the solar with storage, Q CELLS will be able to sell the
electricity produced by the solar plant to merchants, undertake energy
arbitrage by time shifting and participate in ancillary services markets
in order to make the most out of these projects, while contributing to
local grid stability. This strategy enabled Q CELLS to be highly
competitive at this auction.

Having secured this additional 315 MW
of new solar capacity in Portugal, Q CELLS now boasts a development
pipeline of almost 2 GW in the country. In Portugal’s north, Q CELLS has
already begun construction on a 11.6 MW solar project, and will realize
other tranches of its vast solar pipeline over the course of the next
few months.

Sang Chull Chung, Head of Downstream Business Unit for
Q CELLS, said: “Q CELLS is delighted to have secured the rights to
develop 315 MW of solar+storage capacity under the latest Portuguese
auction.As a company, we have nurtured a great deal of expertise in
Portugal’s solar energy landscape, and have built up a pipeline of
almost 2 GW.

“We approached this second auction with a confident
mindset based on the benefit of being a global, bankable clean energy
company with a solar DNA and long-standing expertise and experience in
storage as well. Portugal’s bold renewable energy ambitions match our
own, and we are excited to get to work on spreading the Q CELLS
footprint throughout Portugal, and indeed Iberia as a whole.”