Portugal's Renewable Energy Milestone: 77.3% of Electricity in August 2024
Lisbon, Thursday, 12 September 2024.
Portugal achieved a significant milestone in August 2024, with renewable sources generating 77.3% of its electricity. This places the country fourth in Europe for renewable incorporation, showcasing its commitment to sustainable energy and reducing fossil fuel dependence.
Breakdown of Renewable Energy Sources
In August 2024, Portugal’s renewable energy mix comprised various sources that collectively contributed to this remarkable achievement. Wind energy was the leading source, accounting for 29% of the total monthly power generation. Solar energy followed closely with a 21.6% share, while hydroelectric power contributed 17%, and biomass-fired plants added another 9.9%.
Comparative Analysis with Non-Renewable Sources
Despite the impressive renewable energy statistics, non-renewable sources still played a role in Portugal’s electricity generation. Natural gas accounted for 8.8% of the total electricity, while the remaining power came from fossil-based combined heat and power (CHP) and other sources. This comparison highlights the progress made and the areas that still require attention for achieving complete sustainability.
Strategic Efforts and Investments
Portugal’s progress in renewable energy is no accident. Strategic efforts, including significant investments in infrastructure and technology, have been pivotal. According to McKinsey, Portugal aims to add about 25 gigawatts of renewable power capacity by 2030, requiring an estimated investment of €500 billion (US$554 billion). Such initiatives underscore the country’s commitment to becoming a leader in green energy within Europe.
Innovative Projects Powering the Transition
Several innovative projects are driving Portugal’s renewable energy transition. DH2 Energy’s VVR Green hydrogen project in Vila Velha de Ródão, for instance, has been granted Potential National Interest (PIN) status. This project aims to produce 1,650 tons of renewable hydrogen annually in its first phase, with plans for expansion. Similarly, companies like CJR Renewables and Ocean Winds are contributing significantly through their wind and solar projects, further bolstering the country’s renewable energy capabilities.
Future Prospects and Goals
Looking ahead, Portugal has set ambitious targets to continue its renewable energy journey. The country aims to achieve 93% renewable energy in its electricity grid by 2030. Additionally, Portugal is set to play a significant role in the European hydrogen market, with plans to inject 10-15% hydrogen into its gas pipeline network by 2030. These goals are part of a broader strategy to not only meet domestic energy needs sustainably but also to become a key player in the global renewable energy landscape.
Bronnen
- renewablesnow.com
- sustainabilitymag.com
- www.cjr-renewables.com
- www.oceanwinds.com
- dh2energy.com
- www.westwoodenergy.com