Portugal Aims for 93% Renewable Electricity by 2030 Amid Green Hydrogen Challenges
Key Ideas
  • Portugal plans to increase the contribution of renewables in electricity consumption to 93% by 2030, aligning with its decarbonisation efforts.
  • The country aims to significantly raise its installed renewable energy capacity, with a focus on expanding wind and solar power.
  • Despite ambitious renewable energy targets, Portugal faces challenges in meeting its green hydrogen goals, with a reduction in the target capacity for electrolyzers.
  • The proposed energy and climate plan seeks to balance environmental priorities, energy security, and economic competitiveness through sustainable energy initiatives.
Portugal is making significant strides towards increasing its renewable energy sources in a bid to combat climate change and enhance energy security. The country plans to elevate the share of renewables in electricity consumption to 93% by 2030, building on its already impressive 61% ratio in 2023. This aligns with the government's commitment to reduce greenhouse gas emissions by 55% from 2005 levels by 2030 and achieve carbon neutrality by 2045. The revised energy and climate plan also aims to attract investments and promote competitiveness through sustainable energy development. With a focus on expanding wind power (including offshore wind) and solar capacity, Portugal anticipates a promising future for renewable energy. However, challenges lie in the green hydrogen sector, as the draft proposal lowers the target for electrolyzers capacity, impacting the production of green hydrogen. Despite this setback, Portugal's advantageous renewable electricity production cost positions the country favorably for establishing a green hydrogen industry. The energy plan will undergo public consultation before being presented to parliament, reflecting Portugal's commitment to a greener and more sustainable energy future.
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