With ambitious decarbonization targets and a favourable regulatory landscape, Portugal is an appealing market for renewable energy developers and producers. Like other European markets, however, Portugal’s clean energy industry faces challenges related to permitting, grid connection, and the availability of remuneration schemes – hurdles which threaten to slow the country’s energy transition.
Portugal has set ambitious 2030 targets for emissions reduction, energy efficiency, and renewable energy. The country aims to generate 85% of its annual electricity from renewable sources by 2030, up from around 60% in 2022, which was already one of the highest ratios in Europe.
Supportive regulation
Image: Sonnedix
The country saw a jump in the deployment of solar driven by the adoption of renewable energy auctions as a procurement tool for new utility scale renewables projects in June…
