(Image credit: Iberdrola)
In 2023, Solar PVs total energy consumption registered 7% of the total electricity consumed from renewable generation.
Whilst this does not seem like a huge percentage, this 7% equalled a 43% increase (based off year-on-year levels) in Solar’s annual production in Portugal.
The Portuguese government has shown its commitment to increasing its National Energy and Climate Plan (NECP) and changing the target of installed capacity of Solar PV from 9gw by 2030 to 20.4gw by 2035.
The drastic increase in capacity targeted has been decided through improvements made in regulation.
To accelerate the deployment of Solar PV, the Portuguese Government have relaxed regulations on environmental assessments for projects of up to 100 hectares.
These changes lay the foundations for a huge increase in the Solar market in 2024.
The total of electricity consumed from renewable generation in Portugal reached 61% in 2023, the highest ever percentage on record according to the country’s grid operator Redes Energéticas Nacionais (REN).
Excluding Solar PV’s 7%, the remaining sources of generation included:
- Wind generation equalling 25%.
- Hydro power equalling 23%.
- Biomass equalling 6%.
With continuous changes in regulation and increases in deployment and installation, the Portuguese solar market has the potential to increase drastically in 2024.
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