Portugal s energy storage policy

Does Portugal need energy storage?

From ESS News Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million ($107.6 million) in a bid to support 500 MW of energy storage projects.

What is Portugal's Energy and Climate Plan?

On 10 July 2020, the Portuguese Government approved the National Energy and Climate Plan through Council Ministers Resolution no. 53/2020. The plan will shape Portugal’s energy and climate policy from 2021-2030 and sets the long-term objective of decarbonizing the economy by the end of 2050.

Should energy storage be democratised in Portugal?

Energy storage is therefore essential if EU targets are to be met. Portugal’s installed energy storage capacity is still predominantly based on hydro pumping, which currently stands at 4,164 GW year. However, this paradigm is about to change with the democratisation of energy storage solutions through wind and solar production.

What is Portugal's energy import dependency?

In 2019, Portugal’s energy import dependency was 74%, one of the highest levels among IEA member countries. Portugal has made progress on reducing energy import dependency by increasing the share of renewables in the energy supply, especially for electricity.

Does Portugal still need fossil fuels?

Portugal’s climate and energy goals still face notable challenges, the IEA policy review notes, with an economy that remains heavily reliant on imported fossil fuels today. The report welcomes steps the government is taking to address these challenges.

How much does Portugal spend on energy RD&D?

Energy research, development and demonstration (RD&D) expenditure in the country reached 0.07% of GDP in 2019 (against 0.06% in 2016). The share of energy RD&D in total R&D expenditure evolved from 4% to 5% between 2016 and 2019. Portugal was among the first countries in the world to set 2050 carbon neutrality goals.