l'Actualité du Solaire

Akuo Energy's CEO Eric Scotto explains the reasons behind his world record bid at €0.01476 per kWh for 150 MW. For him, the first lesson of this price is that solar energy has won the economic battle and that it paves the way for the emergence of a new decentralised and sustainable energy model.

"For us, the important thing is not a record or a competition, but the acceleration of the energy transition. We want to be inspiring," says Eric Scotto.

This record price is explained by the fact that two auctions (of 120 MW and 100 MW) were held shortly before the 150 MW auction, with prices of €20.73/MWh and €19.78/MWh respectively. For the last auction, that of 150 MW, Akuo was able to take advantage of the first two contracts obtained. Without them, there would not have been such a final price, as the last lot benefited from economies of scale in the implementation of worksites in close geographical proximity but also in the operation of the sites. The plots are flat, requiring little civil engineering and close to the source stations. Another advantage is the Portuguese government's declared willingness to promote long-term renewals via fifteen-year contracts to give investors confidence. In addition, the proposed plant benefits from the excellent sunshine conditions in the south of Portugal. Finally, the financing is facilitated by capital which is flowing in at very attractive rates by redirecting liquidities.

Eric Scotto concludes: "The contract obtained provides all the conditions for success: long term, stability, low volatility, predictability and above all it represents the energy of the future".

Tecsol of^1st September