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Home - Policy - Renewable energy sources will supply 71% of Portugal’s electricity by 2024, led by solar – SPE
Policy

Renewable energy sources will supply 71% of Portugal’s electricity by 2024, led by solar – SPE

solarenergyBy solarenergyJanuary 4, 2025No Comments2 Mins Read
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Renewables supplied 71% of Portugal’s electricity in 2024, including 10% from solar energy, while production reached a record 36.7 TWh, according to grid operator Redes Energéticas Nacionais (REN).

January 3, 2025
Pilar Sanchez Molina

Porto, Portugal

Image: Pedro Cunha, Unsplash

Renewable energy supplied 71% of Portugal’s electricity in 2024, with a record production of 36.7 TWh, according to grid operator REN.

REN reported a hydroelectric production index of 1.16, above the historical average of 1, while wind power and solar photovoltaics recorded annual indices of 1.06 and 0.94 respectively, versus a historical average of 1 for both.

Hydro and wind energy each contributed 28% and 27% respectively to electricity generation, with PV providing 10% and biomass 6%. REN noted that solar production grew 37% year-on-year, thanks to rapid capacity expansion.

Non-renewable production, almost entirely from natural gas, fell to 5.1 TWh – the lowest level since 1979.

Portugal’s updated energy plan aims for 80% renewable electricity by 2026 and 85% by 2030, with a target of 20.4 GW of PV capacity by 2030, including 14.9 GW of utility-scale capacity and 5.5 GW of distributed systems.

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