How much solar energy does Portugal produce?

In a bold announcement, Portugal recently surpassed its entire solar output from 2023 by September 2024, celebrating a record year for solar energy production. According to REN (Rede de Energia Nacional), the country generated more than 3.99 TWh of solar energy in just the first nine months, exceeding last year's total of 3.6 TWh.

How can Portugal meet growing energy demands in a sustainable way?

Meanwhile, the rapid expansion of hydroelectric and solar energy capacity is helping Portugal meet growing energy demands in a sustainable way. These efforts align with European Union objectives, such as the RePowerEU plan and the Renewable Energy Directive, which targets 42.5% renewable energy in total consumption by 2030.

Why is wind energy important in Portugal?

Wind energy remains a crucial component of Portugal’s electricity production, accounting for 25% of the total. Meanwhile, the rapid expansion of hydroelectric and solar energy capacity is helping Portugal meet growing energy demands in a sustainable way.

How much solar power does Portugal have in 2022?

Portugal’s cumulative PV capacity hit 2.59 GW at the end of 2022, outpacing the growth of other renewable energy sources. The latest statistics from Portugal's Directorate General for Energy and Geology (DGEG) also show that the country added just 118 MW of new solar capacity in the first four months of 2023.

Should you invest in solar in Portugal?

The panellists also discussed solar investment in Portugal. David Russell, advisor to the New Frontiers Energy Fund, said the Portuguese Golden Visa in Portugal “is a good programme”, as it allows individuals to invest in solar projects and enables the industry to raise money.

Are there solar farms in Portugal?

As it stands, there are a number of large and medium-scale solar “farms” in operation globally. Portugal has a particularly ambitious plane to overhaul its energy production, and is already home to a number of exciting projects to support this.