How much will Portugal spend on energy storage projects in 2025?
Portugal’s Ministry of Energy has announced that it has allocated EUR 100 million ($104.2 million) to 43 energy storage projects which should be installed by the end of 2025. A total of 79 applications were vying for grant support secured under the country’s Recovery and Resilience Plan (RRP).
Is there a general framework for energy storage in Portugal?
In spite of foreseeing some innovative projects for energy storage in Portugal, there is not yet a general framework in this field.
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.
Why is energy storage important in Portugal?
Renewable energies are inevitably vulnerable to variations in availability, since the sun and the wind cannot be programmed. 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.
What is Portugal's Energy Plan?
Portugal’s updated energy plan targets 80% renewable electricity by 2026 and 85% by 2030. Marija has years of experience in a news agency environment and writing for print and online publications.
Does Portugal have a pumped hydro storage project?
In Portugal, there has been a clear strategic focus on pumped hydro storage projects – currently there are several pumped storage projects across the country. Indeed, Alqueva’s pumped hydro storage project is one of the largest in Western Europe with a combined capacity of over 520 MW, which had an increase in its capacity since 2012.
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