Portugal's Ambitious Renewable Energy Goals and Green Hydrogen Challenges
Key Ideas
  • Portugal aims to increase renewables in electricity consumption to 93% by 2030, with a focus on combating climate change and ensuring energy security.
  • The country plans to double its renewable energy capacity to 42.9 GW by 2030, including significant growth in wind and solar power.
  • Despite ambitious goals, the target for green hydrogen production through electrolyzers was reduced to 3 GW by 2030, presenting a challenge for the country.
  • Portugal's favorable conditions for green hydrogen production offer an opportunity to attract investment and develop a competitive industry.
Portugal is set to significantly increase its renewable energy consumption to 93% by 2030 as part of a decarbonisation effort. The country's plan, outlined in an updated draft energy and climate proposal, includes ambitious targets for wind and solar power to double the renewable energy capacity to 42.9 GW by 2030. While Portugal has been a leader in renewable energy with 61% of electricity from renewables in 2023, the government aims to further reduce greenhouse gas emissions and achieve carbon neutrality by 2045. However, the draft proposal shows a reduction in the target for green hydrogen production through electrolyzers, indicating a challenge faced by Portugal in this area. Despite this setback, the country's favorable conditions for green hydrogen production present an opportunity to attract investment and develop a competitive industry. The government's focus on renewable energy not only aims to combat climate change and ensure energy security but also to enhance competitiveness and generate investment in the sector. The draft proposal will be open for public consultation until September 5 before being sent to parliament for further review and approval.
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