Portugal moves from grid queue to capacity market
Portugal’s grid strategy is shifting from “first in the queue” to “first to prove you can be counted on.”
DGEG’s latest security-of-supply monitoring flagged reliability risk across every future scenario without a capacity mechanism — and pv-magazine reported in June that Portugal is now designing a capacity market with a dedicated battery storage auction, targeting roughly 750 MVA.
Yesterday’s coverage of this month’s solar eclipse over Iberia was a reminder of why: grid operators are increasingly tested on ramp events, not just peak demand.
For developers, that reframes what “grid-ready” means. A signed connection agreement used to be the finish line. Increasingly, bankability now also depends on dispatchability, hybridisation and how a project performs inside a capacity mechanism — not just its place in the interconnection queue.
In our advisory work across Portugal and Spain, we’re building that logic into permitting and DSA structuring earlier, rather than retrofitting it once a project reaches Ready-to-Build.
Is your development pipeline already underwriting for capacity-market participation, or still treating grid access as a one-time milestone?
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